Tag: $GE Aerospace

Shares of GE Aerospace were slumping in early Thursday trading after the jet-engine maker and defense contractor raised its full-year profit outlook but showed the rapid order growth it has recently experienced was slowing down.

GE Aerospace (GE) posted higher first-quarter revenue on surging orders amid strong air travel and military demand.

GE Aerospace said on Monday it will invest an additional $1 billion in its U.S. manufacturing sites and supplier base this year to boost engine deliveries and ramp up parts production.

GE Aerospace (GE) delivered another strong quarter with above-Street guidance. Shares, after jumping higher, gave up gains.