GE Aerospace to Double India Supply Chain Spending to $400 Million by 2030

RBC Capital and Citi maintained Buy ratings on GE Aerospace, with price targets of $400 and $431, respectively. The company reported Q2 revenue of $13.35B and net profit of $2.37B, up from last year. Insider sentiment is negative, with recent sales by executives.

GE Vernova's stock rose 0.20% to $928.29 on October 16, following a framework agreement with Venture Global for up to 16 power islands. The deal, which includes transformer equipment, could lead to a purchase order by year-end 2026. However, firm orders and pricing details are still pending, and the company's GF Score of 17/100 indicates weak fundamentals.

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.