GE Aerospace (NYSE: GE) stock has recently experienced a dip in value due to J.P. Morgan‘s decision to lower its estimate for second-quarter sales to $8.4 billion. This estimate is notably lower than the Wall Street analyst consensus of $8.85 billion, but is it a reason to sell the stock? Here’s what you need to […]
Tag: Aerospaces
GE Aerospace’s Larry Culp declined Boeing’s request to take over as CEO, WSJ reports
(Reuters) -GE Aerospace CEO Larry Culp has declined Boeing’s request to consider taking over as the U.S. planemaker’s top boss, the Wall Street Journal reported on Monday. Boeing and GE Aerospace did not immediately respond to Reuters’ requests for comment. Culp on several occasions had said he was not interested in the job. In April, […]
Firefly Aerospace’s Alpha rocket put a satellite in the wrong orbit in December. Now we know why.
We now know why the fourth-ever launch of Firefly Aerospace’s Alpha rocket didn’t go entirely to plan. That mission, called Fly the Lightning, lifted off on Dec. 22 of last year, carrying an electronically steerable antenna payload developed by aerospace giant Lockheed Martin to low Earth orbit (LEO). The 95-foot-tallĀ (29 meters) Alpha delivered the payload […]