Giglietti Robert M. sold $4.9M of GE

GE Aerospace announced US$12.9bn in agreements with China Eastern Airlines (MU) and others at the China International Import Expo. Deals include 202 LEAP-1A engines for Airbus A320neo-family aircraft, spare engines, and long-term support. CFM International, a GE-Safran joint venture, confirmed the engine selection. GE's Q3 results show a US$170bn services backlog and 17% YoY growth in services revenue.

GE Aerospace signed $12.9B in sales and service agreements at the China International Import Expo, a record for the company. The deals include 202 LEAP-1A engines for China Eastern Airlines' Airbus A320neo aircraft. GE's stock has shown bullish technical signals, retaking its 21-day EMA and approaching the 200-day SMA.

GE Aerospace (GE) shares rose 2% after securing $12.9B in deals with China Eastern Airlines (CHEAF) and MTU Maintenance Zhuhai, including 202 LEAP-1A engines and maintenance agreements. The deals were announced at China's annual import expo.

GE Aerospace announced $12.9B in deals at China's import expo, a company record. The agreements include sales and services, with China Eastern Airlines as a participant. This marks a significant business expansion in the Chinese market for GE.

AI and chip stocks fell sharply in Asia and the U.S. after the S&P 500 dropped 4.4% on fears of slower data center growth due to Democratic control. Nvidia, Broadcom, and others saw significant declines. The Nasdaq entered correction territory. Investors reacted to potential regulatory hurdles and rising electricity prices. U.S. job data showed stronger-than-expected gains, complicating Fed rate hike expectations.

GE Aerospace announced $12.9B in deals at China's CIIE, including engine sales to China Eastern Airlines and supply agreements with MTU Maintenance Zhuhai.