Boeing, GE Aerospace Get Qatar Airways Order
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Shares of General Electric (NYSE:GE) were on track for their seventh straight session of gains, as the stock rose more than 2.5% to $229.50 on Thursday. The company gained more than 6% in the past six trading days.
The test campaign of HPT blades and nozzles demonstrated improved durability and fuel efficiency compared to conventional turbine technology.
NASHVILLE—The U.S. Army’s plan to end the Improved Turbine Engine Program (ITEP) may not be final, as budget deliberations may extend development of the GE Aerospace T901.
Qatar Airways committed to acquiring as many as 210 widebody jets in a deal projected to be worth $96 billion, supporting over 150,000 jobs.
Aviation company GE Aerospace says it is now assembling the first GE9X engines that will go into the upcoming Boeing 777X.
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This was the stock's fifth consecutive day of gains.
GE Aerospace has emerged from the former GE conglomerate as a formidable and focused turbine engine producer, powering about three of every four commercial airline flights. The jet engine business is split between designing and supplying new engines—including significant ongoing research and development to ensure that successive generations of engines outperform their predecessors—and servicing existing engines with replacement and refurbished parts throughout their very long service lives.