$GE

GE Aerospace secured a $2.87 billion, five-year U.S. Navy contract for F414 engine support, bolstering its defense and commercial engine service revenue. The company projects $63.2 billion revenue and $11.7 billion earnings by 2029, with analysts suggesting potential upside. GE's narrative focuses on cash generation and balance sheet management, though risks like supply chain inflation persist.

ESB, an Irish state-owned electricity company, has agreed to a deal with GE Vernova to supply turbines for the Chleansaid wind farm in Scotland. The project includes a 20-year services agreement and will use 6 MW turbines with split-blade technology. Construction is expected to start later this year, with commercial operation targeted for 2028. According to GE Vernova, this will be the first use of their 6 MW turbine in the UK.

Japan and the U.S. reaffirmed their commitment to a 2023 trade deal, with Japan investing $550B in U.S. strategic sectors. They agreed to maintain agreed-upon tariff rates and reinforce critical mineral supply chains. Three projects worth $36B were announced in February, and three more worth $73B in March, including nuclear and gas projects.

U.S. Energy Secretary Chris Wright announced an agreement with GE Vernova to stabilize Venezuela's power grid within six to 12 months. GE Vernova plans to add 1 GW of capacity in 24 months and 5 GW over four years. The U.S. Department of Energy described Venezuela's electrical system as a critical bottleneck. Chevron and Eni also made significant oil investment commitments in Venezuela.

The US Navy awarded General Electric a $2.87 billion contract for engine support of F/A-18 Super Hornet and EA-18G Growler aircraft over five years, with work to be completed by 2031. These aircraft remain key to Navy operations despite the F-35's increasing role.

Studsvik AB, a Swedish nuclear services company, agreed with GE Vernova Hitachi (GVH) and Samsung C&T to build 1.2 GW of nuclear energy using the BWRX-300 reactor design. The project, targeting operation in the mid-2030s, will be developed at one of two sites. Studsvik, with a market cap under $200M and 2025 revenue under $100M, acquired Kärnfull Next earlier this year, entering reactor development. This follows GE Vernova's loss to Rolls-Royce in a prior Swedish nuclear project.

GE Aerospace received a contract from the Defense Innovation Unit to advance a hypersonic test platform under the HyCAT program. The contract focuses on integrating and testing a booster and cruiser system, following initial funding in 2023. GE Aerospace aims to support higher-frequency hypersonic testing for defense capabilities, according to the company.

Venezuela signed oil agreements with Chevron, Eni, and GE in Caracas. Chevron's deals involve joint ventures with PDVSA, while Eni secured a production-sharing contract in the Orinoco Oil Belt. GE will help restore Venezuela's oil industry electrical infrastructure. US Secretary of Energy Chris Wright attended the signing.

Studsvik partners with GE Vernova Hitachi, Samsung C&T, and DS Investment Partners to deploy four BWRX-300 small modular reactors in Sweden. The project aims to address aging nuclear capacity and growing power demand. Studsvik will handle permitting and government discussions, while GE Vernova Hitachi focuses on reactor design and licensing. The final location and investment decision are pending.

GE Aerospace plans to invest $163 million in four North Carolina sites, part of a $1 billion U.S. manufacturing investment. Funds will upgrade equipment, expand capacity, and add jobs. The company aims to hire 5,000 U.S. workers. GE Aerospace shares have more than doubled since its April 2024 spin-off, closing at $321.93.