GE Aerospace and Waygate Technologies have joined forces to develop a cutting-edge AI-powered borescope solution for commercial aircraft engines. This innovative tool aims to significantly improve inspection accuracy and efficiency, leading to faster turnaround times and enhanced safety in the aviation industry.
GE Aerospace and Lilium N.V. are collaborating to establish a comprehensive safety framework for eVTOLs, utilizing GE’s Flight Data Monitoring (FDM) and Flight Operations Quality Assurance (FOQA) program to ensure the safety of Lilium’s entire fleet. This partnership aims to accelerate the adoption of eVTOLs, with the first customer deliveries expected in 2026. GE’s ‘POWER-ON’ aftermarket program will provide Lilium Jet operators with essential insights and actionable data, further contributing to a robust safety ecosystem.
GE Aerospace’s Q3 2024 results showed solid revenue growth, but the analyst at Goldman Sachs highlighted mixed performance across segments. Despite exceeding revenue expectations, the company fell short of consensus on segment EBIT. While commercial engines remain a key driver, the defense segment underperformed. The analyst maintains a ‘Buy’ rating with a price target of $201.
GE Aerospace reported strong third-quarter results, exceeding analyst expectations with a 6% revenue increase and a surge in orders. The company raised its earnings and cash flow guidance for the year, citing strong demand and improving engine deliveries. Shares are trading lower premarket, despite the positive performance.
GE Aerospace is set to release its third-quarter 2024 earnings on October 22nd, and analysts are predicting a strong performance. The company has consistently exceeded earnings expectations in recent quarters, driven by factors like growing demand for its engines and services, defense sector growth, and strategic portfolio adjustments.
GE Aerospace has unveiled its new AI platform, ‘AI Wingmate,’ to empower its workforce with generative AI capabilities, aiming to boost productivity and innovation. This move highlights the company’s commitment to AI integration, further solidifying its position as a leader in the field.
South Korean airline, Air Premia, is implementing GE Aerospace’s integrated software suite, including Fuel Insight, Safety Insight, and FlightPulse®, to optimize fuel efficiency, enhance safety, and achieve sustainability goals. These solutions are expected to reduce carbon emissions by 5,916 tons annually.
GE Aerospace (GE), spun off from General Electric earlier this year, has been a strong performer, outpacing both the broader market and the original GE conglomerate. However, the author believes that further upside is unlikely, given the company’s lofty valuation and potential challenges. GE Aerospace faces competition from established players like Honeywell (HON), Northrop Grumman (NOC), and Lockheed Martin (LMT), and its future growth may be limited by factors such as increased working capital requirements. While GE Aerospace remains fundamentally sound, the author downgrades the stock to a “Hold” rating.
General Electric Co. (GE) has raised its full-year profit guidance for its aerospace business, citing a surge in revenue from commercial aircraft engines and services. Operating profit is now expected to reach $6.2 billion to $6.6 billion, up from the previous estimate of $6.5 billion. The positive outlook reflects increased demand for air travel and airlines extending the use of their existing aircraft due to production challenges at Boeing.
GE Aerospace reported a strong first quarter of 2024, with adjusted revenue growth of 15% year-over-year to $8.1 billion and orders up 34% to $11 billion. The company saw increased orders in Commercial Engines & Services and Defense & Propulsion Technologies, driven by pricing, spare parts volume, and higher deliveries in widebody and defense sectors. Consolidated revenue, including GE Vernova Inc. (GEV), grew 11% to $16.1 billion and on an adjusted basis, +10% to $15.2 billion. Total orders increased 14% to $20.1 billion. GE Aerospace’s profit margin expanded 140 bps to 19.1%. GE completed the separation of GE Vernova on April 2 and received proceeds of $2.6 billion from the monetization of a portion of its shares in GE HealthCare Technologies Inc. (GEHC). The company expects adjusted revenue growth in low double digits, operating profit of $6.2 billion-$6.6 billion, adjusted EPS of $3.80-$4.05, and Free Cash Flow to be >$5B, >100% conversion. GE shares are trading higher by 4.4% at $156.80 premarket.
