US NRC Issues U.S. Construction Permit For GE Vernova's BWRX-300 Reactor At TVA Site

GE Aerospace (GE) trades at a high earnings multiple of 36.9, with adjusted revenue growing over 20% for five quarters. However, supply chain issues, including a 20% increase in spare parts delinquencies, pose risks. Commercial Engines & Services, its largest segment, grew 24% in fiscal 2025 but faces delays. GE shares fell 14.7% in three months, and investors watch for improvements in parts shortages.

GE Vernova Hitachi Nuclear Energy (GVH) announced the U.S. Nuclear Regulatory Commission issued a construction permit to Tennessee Valley Authority (TVA) for a BWRX-300 small modular reactor at its Clinch River site. This is the first such permit in the U.S. for this reactor type, marking a significant milestone for TVA, GVH, and the U.S. nuclear industry. The BWRX-300 is a 300-MW reactor designed to simplify construction and leverage existing boiling water reactor experience.

GE Aerospace (GE) and Kratos Defense & Security (KTOS) announced the successful first ignition of the GEK800 turbofan engine, a propulsion system for advanced missiles and UAVs. Kratos reported Q2 2026 revenue of $379.7M (22% growth) and raised full-year guidance to $1.75B–$1.81B. GE Aerospace's Defense segment posted $3.4B in Q2 2026 revenue (16% growth) and expects full-year operating profit of $1.6B–$1.7B. Both companies face scaling and margin risks.

GE Aerospace CFO Rahul Ghai discussed progress in commercial equipment, FLIGHT DECK's $210B+ backlog, and stable services growth at Morgan Stanley Laguna Conference. The company expects 1.5-2.0% CFM56 retirements in 2026, supporting 2,400 shop visits in 2026-2027. GE Aerospace announced the acquisition of Consolidated Precision Products (CPP), expected to close in 2H’27 and be EPS and FCF accretive in year 1.

GE Aerospace (NYSE: GE) reported Q2 2026 revenue of $12.6B (+24% YoY), EPS of $2.02 (+22%), and raised full-year guidance. Strong services growth and a $210B backlog drove performance. The stock is trading in the mid-to-high $300s. Recent acquisition and higher engine deliveries support outlook.

GE Aerospace (NYSE: GE) plans to acquire Consolidated Precision Products for $12 billion, its largest deal since becoming independent. The target, owned by private equity firms, specializes in aerospace castings. GE expects the deal to be immediately accretive to earnings, using cash and debt financing. The acquisition aims to improve operational efficiencies and expand capacity, according to the company.