GE Vernova names new wind chief

Turkish Airlines and CFM International, a GE Aerospace and Safran joint venture, signed an MoU for over 300 LEAP-1B engines to power 100 firm and 50 optional Boeing 737 MAX aircraft. The deal includes long-term services and support for an engine MRO facility in Türkiye. GE Aerospace shares closed up 1.62% at $312 on Thursday.

GE Aerospace's joint venture CFM has signed a memorandum of understanding with Turkish Airlines to purchase over 300 engines. The agreement highlights a significant investment in aircraft engines by the airline, potentially benefiting GE Aerospace's revenue and market position.

CFM International, a GE Aerospace and Safran joint venture, secured a provisional order for over 300 LEAP-1B engines from Turkish Airlines to power new Boeing 737 MAX jets. The agreement covers maintenance for Turkish Airlines' entire LEAP-1B fleet, including previously ordered engines. Financial details were not disclosed.

CFM International, a joint venture between GE Aerospace and Safran, secured a $490M U.S. defense contract for aircraft engines. The deal covers engines for the Navy's P-8A Poseidon and C-40A aircraft, with options for foreign sales. The engines are part of the CFM56-7B series, used in Boeing-built aircraft.

Venture Global (VG) signed supply deals with GE Vernova (GEV) and Baker Hughes (BKR) for 11.5 GW of off-grid power, aiming to support AI data centers and its LNG operations. The project could support 10 GW of compute load by 2034, with first equipment orders expected by 2026. VG shares rose 3.2% in pre-market trading, while GEV and BKR saw mixed reactions.

GE Vernova (GEV) and Baker Hughes (BKR) signed a power deal with Venture Global (VG) for up to 16 gas-fired power islands, with 8 reserved. The total deal value could reach $17.2B by 2034, though only a portion is firm. GE Vernova's Power segment had $21B in revenue over the last four quarters, with Q2 revenue up 14%.