Tag: $GE Aerospace

GE Aerospace on Tuesday raised ‌its 2026 profit forecast for the second time this year, as demand for aircraft engine repairs and spare parts remained strong despite surging fuel costs that have squeezed airline profits.

GE Aerospace said on Tuesday it would buy castings supplier Consolidated Precision Products from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion, as the aerospace giant seeks to boost in-house manufacturing capacity.

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.