The stock of General Electric (NYSE: GE) has surged 85% over the past year, a testament to the growing investor confidence in the company’s imminent restructuring. As GE Vernova (the power, renewable energy, and electrification business) prepares to debut on the market on April 2, the remaining entity, GE Aerospace, holds significant potential. Despite the […]
By Rajesh Kumar Singh and Abhijith Ganapavaram NEW YORK (Reuters) -General Electric Co’s aerospace business on Thursday forecast its operating profit to rise to about $10 billion in 2028 and said it was targeting an initial dividend payout at 30% of net income. Ahead of its investor day, GE Aerospace reaffirmed its 2024 targets, and […]
When thinking about investing in the commercial aerospace recovery, it’s natural for investors’ thoughts to turn to Boeing (NYSE: BA). But is it the best way to invest, or is a less well-known aerospace supplier like Carpenter Technology (NYSE: CRS) a better option? I think the answer is the latter. Here’s why. Boeing’s production rates Boeing’s […]
During the Aerospace & Defense Day at Utah’s Capitol this week, onlookers watched in fascination as the DroneHunter F700 flew up in the air and tracked an “enemy” drone, before striking it and then capturing it with a net in less than three minutes. Jane Rowberry, marketing manager for Fortem Technologies, which created the DroneHunter […]
The Federal Aviation Administration widened its probe into Boeing and will pay special attention to the work of a subcontractor used by the aerospace giant, officials said Wednesday. Federal investigators want to know more about Spirit AeroSystems, a Wichita, Kansas, aerospace company that makes and installs plug doors for Boeing 737 Max 9 airplanes. An […]
The Federal Aviation Administration widened its probe into Boeing and will pay special attention to the work of a subcontractor used by the aerospace giant, officials said Wednesday. Federal investigators want to know more about Spirit AeroSystems, a Wichita, Kansas, aerospace company that makes and installs plug doors for Boeing 737 Max 9 airplanes. An […]
(Reuters) – A serious mid-air breach has landed planemaker Boeing in the regulatory crosshairs just as it was awaiting approval of new models of its best-selling MAX jet. Investigators are still trying to determine what caused a door plug to fall off from the side of a 737 MAX 9 aircraft operated by Alaska Airlines […]
(Reuters) – A serious mid-air breach has landed planemaker Boeing in the regulatory crosshairs just as it was awaiting approval of new models of its best-selling MAX jet. Investigators are still trying to determine what caused a door plug to fall off from the side of a 737 MAX 9 aircraft operated by Alaska Airlines […]
Update for 10:55 a.m. ET on Dec. 20: Firefly has scrubbed today’s (Dec. 20) planned Alpha rocket launch due to weather concerns. The company has not yet announced a new target date. Firefly Aerospace plans to launch its fourth-ever mission today (Dec. 20), and you can watch the action live. The company’s Alpha rocket is […]