GE Wins $113M Navy Helicopter Engine Sustainment Contract

Nomura expects GE Vernova T&D India, Hitachi Energy India, and CG Power to benefit from India's Green Energy Corridor Phase-III (GEC-III), citing higher outlay and targets. The government approved GEC-III with a total outlay of Rs 1.9 trillion, aiming to evacuate 135 GW of renewable energy and deploy 50 GWh of battery energy storage systems by FY33. Nomura maintains 'Buy' ratings on all three stocks, anticipating increased demand for transmission equipment and BESS solutions.

GE Aerospace agreed to acquire Consolidated Precision Products (CPP) for $11.75 billion to secure airfoil supply and ease bottlenecks. CPP produces critical engine components, and the deal is valued at 18-26 times 2027 EBITDA. GE expects 30% demand growth by 2030. The acquisition faces regulatory hurdles and may close in late 2027. CPP's CEO welcomed the partnership.

Several companies received defense contracts: University of Dayton Research Institute ($85M), Joby Aviation ($45M), Butt Construction ($17.7M), Collins Aerospace ($10.4M), and GE Aerospace ($16.9M). Contracts involve research, logistics, construction, and repairs for military aircraft.

The Nuclear Regulatory Commission (NRC) issued the first US construction permit for the BWRX-300 SMR, a small modular reactor, to the Tennessee Valley Authority (TVA). The NRC completed its review in 14 months, four months ahead of schedule. TVA, a government-owned power company, is now permitted to construct the reactor and is negotiating with industry partners for cost-sharing.

The Nuclear Regulatory Commission approved the first U.S. construction permit for a small modular reactor, allowing Tennessee Valley Authority to build a 300-MW BWRX-300 unit designed by GE Vernova Hitachi Nuclear Energy at its Clinch River site. The permit marks a regulatory milestone for the U.S. nuclear industry. TVA submitted its application in April 2025, and the project is part of a broader push for BWRX-300 deployments in North America.

The U.S. Nuclear Regulatory Commission issued a construction permit to the Tennessee Valley Authority for the Clinch River BWRX-300, the first commercial small modular reactor authorized in the U.S. The permit allows construction but not operation, with additional licensing required. The project has received $550 million in federal and utility funding, and the BWRX-300 design has a proven track record, accelerating the review process.