$GE

GE Vernova signed a deal with Eurus Energy to supply 29.4 MW of wind turbines for a project in Aomori, Japan. The agreement includes seven 4.2 MW turbines and a two-year service contract with an extension option. The project supports Japan's renewable energy goals and builds on GE Vernova's existing presence in the region.

SGE, GE Vernova, Hitachi, and Samsung C&T signed a deal to develop small modular reactors in Europe. Avangrid is expanding AI use in its US operations. NineDot Energy launched a large battery storage site in the Bronx. Lenovo and Schneider Electric partnered to help IT partners decarbonize. GE Vernova discussed building power plants in the Amazon.

GE Aerospace plans a $225M investment in its Niskayuna Research Center, focusing on infrastructure upgrades and creating 75 jobs. The project is supported by $8.42M in tax credits and a sales-tax exemption. The center, employing over 800, is key to aerospace innovation and global competitiveness, according to the company.

GE Aerospace (GE) plans to invest $225M in its Niskayuna research center, focusing on AI, robotics, and aircraft propulsion. The upgrade includes $150M for the site and $75M for equipment, adding 75 jobs over five years. Shares rose 0.9% to $322.71 on Friday. State incentives total $13.7M, and the project supports federally backed aerospace research.

Poland's SGE, a developer of small modular reactors (SMRs), signed a memorandum with GE Vernova, Hitachi, and Samsung C&T to accelerate BWRX-300 SMR deployment in Europe. SGE plans to build 26 units in Poland and 14 in the UK, aiming to combine American technology, Japanese and Korean industrial strength, and European capabilities. SMRs offer scalable, low-carbon power solutions, gaining traction amid Europe's energy security concerns.

CFM International, a joint venture between GE Aerospace and Safran Aircraft Engines, is developing the Open Fan engine, targeting 20% better fuel efficiency and enhanced durability for single-aisle aircraft. The engine's unique design allows for a larger fan and greater bypass ratio, reducing drag and dust ingestion. Extensive testing, including dust ingestion and component endurance cycles, is underway to improve reliability.

GE Aerospace (GE) is acquiring Consolidated Precision Products (CPP) for $11.75 billion to address supply-chain bottlenecks. CPP, a major supplier of precision castings, generates about $2 billion in revenue annually and is critical for GE's engine production. GE aims to increase CPP's output and improve efficiency, though the deal's high cost and potential impact on non-GE customers remain concerns.

GE Vernova and Eneva's 295MW Azulão I gas plant in the Amazon is designed to stabilize Brazil's grid, supporting renewables. The plant features a custom filter to prevent grid oscillations on a 1,200-mile transmission line. GE Vernova highlights the role of flexible gas generation in complementing renewables. The plant is operated by Eneva, Brazil's largest thermoelectric generator, with GE Vernova providing long-term maintenance.

GE Aerospace reported a Q2 2026 operating profit of $2.75B, up 18% YoY, but margins fell 130bps to 21.7% due to rising costs. Costs surged 26.7% YoY to $8.7B. Despite this, the company raised its 2026 operating profit guidance to $10.55-$10.75B, citing strong project pipelines and cost management. Shares gained 7.9% in 6 months, trading at a 36.60x forward P/E.

GE Aerospace (NYSE:GE) signed an avionics service agreement with FL Technics Indonesia. The deal covers Boeing 737 and Airbus A320 aircraft at facilities in Jakarta and Bali. GE Aerospace aims to support regional aviation maintenance needs, while FL Technics Indonesia expands its MRO capabilities.