GE's aviation business had $32 billion in annual sales last year, but the pandemic and the long grounding of Boeing Co.'s MAX jet, which runs on engines from a GE joint venture, have sapped the business. In an internal video message delivered a week before the Thanksgiving holiday, new GE Aviation boss John Slattery said business conditions are … Well before the vaccine will really show up as a +ve for air travel. Change Text Size: Default text size A; Larger text size A; Largest text size A; GE Plans More Job Cuts in Aviation Division -- Update. Tickers GE. GE also provided reassuring updates on some areas that have had investors concerned. July 10, 2019. GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. Not simply is GE Aviation uncovered, but GE Capital’s most significant company is actually GECAS, an aircraft leasing program. August 01, 2019. With GE stock … Tags Health Care Honeywell International Inc/ SelectTech Services. Tags General Electric Company Aviation Transportation. Breaking News • Oct 26, 2020. Ge Aviation 333MFD1-1 in stock. From Business Journals. General Electric will cut up to a quarter of its aviation business staff as demand for air travel plunges due to the coronavirus pandemic. General Electric Company is an American multinational conglomerate incorporated in New York City and headquartered in Boston. Revenue fell 32% for the first nine months of 2020. Stock Research Overview; Stock Screeners; Markets & Sectors; Fidelity Learning Center ; Print Format. GE Healthcare Powers First-of-Its Kind Virtual ICU, Creating Access to Critical Care Specialists throughout State of Oregon. ... Get the latest GE stock data. SAN RAMON, Calif. – December 1, 2020 – GE Digital, GE’s [NYSE:GE] software business, today announced that GE Aviation’s Digital Group has joined the company. General Electric on Monday named Embraer executive John Slattery to succeed GE Aviation … The consensus price target on the stock is $8.89, and GE’s annual dividend of $0.04 yields 0.41% at the current share price. … GE stock declined from levels of about $40 in September 2007 (pre-crisis peak) to levels of $8 in March 2009 (as the markets bottomed out), implying GE stock … Get competitive quote for Ge Aviation part number 333MFD1-1 within 15 minutes. The company’s stock fell 42% during the year, and after Welch’s departure, it became clear that GE was overstretched and bloated. The logo of General Electric is shown at its subsidiary company GE Aviation in Santa Ana, California on April 13, 2016. Peter Cohan Find the latest General Electric Company (GE) stock quote, history, news and other vital information to help you with your stock trading and investing. Shares of GE rose about 5% in premarket trading. We believe that General Electric stock (NYSE: GE) may be a good buying opportunity at the present time. GE’s Lynn workers told to 'prepare for strike’ after labor deal rejected. BY Dow Jones & Company, Inc. — 8:59 AM ET 11/24/2020. Contact us for a quick quotation now! From Business Journals. Mike Blake/Reuters. GE Aviation Is Getting a New CEO. 2008: GE in Crisis . Then the Boeing ( BA ) 737 Max crisis and coronavirus pandemic hit, slamming the jet-engine maker. GE Aviation is a world-leading provider of aircraft engines, systems and avionics. If Culp’s gloomy assessment of the prospects for GE’s Aviation unit is accurate then any upside surprise could enhance investors’ appetite for the stock. The congomerate’s aviation and renewables businesses should get huge boosts soon, while its gas turbine sales appear to be strong. Last year, GE Aviation constituted roughly 15% of GE's $146 billion revenues, but along side the company's oil & gas business, was the key driver for growth in its results. No Minimum Quantity required. Wall Street was expecting an adjusted loss of 4 cents a share on revenue of $18.7 billion. The 2008 financial crisis hit GE hard. GE reported $3.6 billion in power-services revenue last quarter, second only to $5.4 billion in services revenue at its aviation unit. General Electric (NYSE:GE) Stock a Buy: An Overlooked Pandemic Play marketbeat.com - November 25 at 9:06 AM: General Electric (NYSE:GE) PT Raised to $12.00 at UBS Group marketbeat.com - November 25 at 8:42 AM: General Electric (NYSE:GE) Price Target Increased to $11.00 by Analysts at The Goldman Sachs Group marketbeat.com - October 29 at 11:54 AM Tune in or catch up on GE’s latest investor events and reports. Company profile page for GE Capital Aviation Services Inc including stock price, company news, press releases, executives, board members, and contact information What That Means for GE Stock. Follow me on Twitter . View and compare GE,aviation on Yahoo Finance. But GE’s closing price on Friday of $6.84 a share is no cause for celebration. GE reported first-quarter earnings last month that included a 39% drop in the aviation unit’s profits and a 11% decline in underlying sales. The renewable energy and aviation news are positives for GE, something the company has not had much of in 2020, so undoubtedly investors are hoping 2021 will be a much better year for the stock. Whether we’re manufacturing components for our GE9X engines, driving innovation in fuel and noise reduction, or unlocking new opportunities to grow and deliver more productivity, the GE Aviation teams are dedicated to moving the aerospace industry forward. GE +3.8% pre-market after Oppenheimer upgraded the stock on growing confidence in an aviation recovery, after climbing more than 3% yesterday. Tusa is the most bearish analyst on GE's stock but gained a following in recent years, as he issued early warnings that the company's stock was worth much less than others believed. Report: Ohio is 8th best state for aerospace manufacturing. At GE Aviation we invent the future of flight, lift people up and bring them home safely. 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