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GE Aerospace makes its profits on jet engines in the aftermarket, so Boeing's delivery delays could boost its bottom line in the near term. Airplane deliveries are likely to be pushed out.
GE Aerospace's (GE) first-quarter results are likely to benefit from strength across its businesses. High costs and expenses might have been spoilsports.
General Electric Co (NYSE:GE) remains a premier aircraft engine manufacturer after its energy wing Vernova was spun off last week, Bank of America analysts have stated. Given a boom in demand for travel following the pandemic, analysts added the firm was entering a “goldilocks period” with “ample demand to capture”.
The US conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses.
The energetic host of ‘Mad Money' and former hedge fund manager, Jim Cramer, has become something of a meme in recent years, particularly among the investors congregating on Elon Musk's social media platform, X.
The final split-up happens soon, and it could create two profitable stand-alone companies.
GE Vernova is due to be spun off to shareholders of General Electric on April 2.
General Electric's (GE) arm GE Power Conversion clinches a contract from ST Engineering Marine Limited to provide IFEP equipment for RSN's MRCV program.
A large U.S. business delegation, including Meta, Boeing and wind energy firm GE Vernova, is visiting Vietnam this week in a sign of continued corporate interest in the Southeast Asian nation after Washington upgraded ties last year. About 50 companies will participate, according to organiser US-ASEAN Business Council, which last year brought a business delegation of similar size to Vietnam.
GE Aerospace will have many decades of parts and service revenue from the engines it sells now. Aerospace companies tend to trade at a premium to industrial companies.