Latest news with #GE9X
Business Insider
15-07-2025
- Business
- Business Insider
Boeing Stock (NYSE:BA) Gains as Fuel Switches Pass Muster
Good news for aerospace stock Boeing (BA) emerged as the Air India crash just became a lot less like Boeing's fault. The fuel control switches recently passed safety checks with the Federal Aviation Administration (FAA), removing a major potential cause of the crash. That was good enough for investors, who gave Boeing shares a modest boost in Monday afternoon's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The fuel safety switches became a major part of the analysis of the Air India crash, especially after a preliminary report released from investigators noted that fuel to the Dreamliner's engines had been cut just moments after takeoff. This provided an excellent explanation for why the aircraft's Ram Air Turbine (RAT) system deployed, but became a question in and of itself. Reports from India's Aircraft Accident Investigation Branch (AAIB) note that the fuel cutoff switches had been moved from 'run' to 'cut-off.' Doing that accidentally is virtually impossible as the switches are specifically designed to protect against such accidents. The AAIB also noted a 2018 FAA advisory that urged airlines to check that locking feature to ensure the protection they provided was actually working. Air India did not take that advice to heart, reports noted. One Step Closer for the 777X Better yet, the 777X line is also getting closer to seeing service. While there are still several months between now and the official launch, some recent retooling work has brought Boeing one step closer. The 777X line is now on track to be certified this year. And with EIS approval next year, the 777X may finally start going into production and seeing wide use. The 777X line has already come a long way, with the GE9X engines requiring removal and return for an outright redesign due to 'technical issues.' Moreover, the software needed to be revamped as it was calling for '…uncommanded nose-down flight anomalies.' A full review of work on the 777X following the 2018 and 2019 737 Max crashes, and even the rise of COVID-19 itself, prompted further delays that are only now being fully addressed. But all this has been addressed, and now, the 777X is closer than ever to release. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 18 Buys, three Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 26.65% rally in its share price over the past year, the average BA price target of $233.25 per share implies 1.52% upside potential.
Yahoo
05-06-2025
- Business
- Yahoo
Howmet's Commercial Aerospace Growth Picks Up: A Sign of More Upside?
Howmet Aerospace Inc. HWM continues to strengthen its position in the commercial aerospace market, which remains its primary growth driver at the sustained strength reflects solid momentum in global air travel, which persisted through 2024 and continues into 2025. This strength in the commercial aerospace market has been driven by an increase in wide-body aircraft orders, encouraging original equipment manufacturers (OEMs) to increase their spending levels. For Howmet, this trend is particularly beneficial as higher aircraft utilization drives greater demand for maintenance parts and products that it produces. In the first quarter of 2025, revenues from the commercial aerospace market rose 9% year over year, constituting 52% of HWM's total are investing heavily in greener technologies as sustainability has become a key focus in aviation. The rise in HWM's revenues was attributed to growing popularity for new, more fuel-efficient aircraft, which, in turn, increased demand for its engine spares. Howmet remains well-positioned to capitalize on the favorable market dynamics, with the commercial aerospace sector continuing to demonstrate resilience and growth. Despite strong year-over-year growth, the commercial aerospace market has been facing a few challenges. The recovery in Boeing 787 and Airbus A350 production has been slower than expected due to delays and supply-chain disruptions. Among its major peers, RTX Corporation RTX reported 8% organic sales growth in the first quarter of 2025. This growth was largely driven by strength in the commercial aerospace market, where RTX Corp. saw double-digit gains in aftermarket sales and low-single-digit growth in OEM sales. The improvement in commercial aerospace sales boosted RTX's Collins Aerospace and Pratt & Whitney segments. Rising aircraft utilization and demand for sustainable technologies are supporting RTX Corp.'s Aerospace GE is benefiting from solid demand for LEAP, GEnx & GE9X engines and services within the Commercial Engines & Services business. This growth is supported by increasing air traffic, fleet renewal and expansion activities. During the first quarter of 2025, GE Aerospace signed new deals with three major customers. ANA Holdings ordered more than 75 LEAP engines and selected GE to supply GEnx engines for 18 new Boeing 787 aircraft. Malaysia Aviation Group placed an order for 60 LEAP engines and spare parts for its Boeing 737 MAX planes. GE Aerospace also received an order from Korean Air for GEnx and GE9X engines to power up to 50 wide-body Boeing jets. These contracts underscore GE's role in driving the growth of the commercial aerospace market globally. Shares of Howmet have surged 104% in the past year compared with the industry's growth of 19.9%. Image Source: Zacks Investment Research From a valuation standpoint, HWM is trading at a forward price-to-earnings ratio of 46.12X, above the industry's average of 26.59X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for HWM's earnings has been on the rise over the past 60 days. Image Source: Zacks Investment Research The company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE) : Free Stock Analysis Report Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Travel Daily News
20-05-2025
- Business
- Travel Daily News
Ethiopian Airlines signs agreements with GE Aerospace
Ethiopian Airlines selects GE Aerospace's GEnx and GE9X engines for 19 aircraft, boosting fleet modernization, efficiency, and sustainability in global aviation operations. ADDIS ABABA – Ethiopian Airlines Group and GE Aerospace have signed an agreement confirming Ethiopian's choice of the GEnx Engine to power 11 new Boeing 787s. This deal increases Ethiopian Airlines' GEnx-powered fleet from 19 to 30 aircraft, further solidifying the airline's position as a leader in modern aviation technology. Ethiopian also signed an agreement with GE Aerospace reaffirming its previous order for GE9X engines to power eight 777-9 aircraft. The agreement includes options for six additional aircraft powered by GE9X engines. The two deals also include a service agreement to cover the maintenance, repair, and overhaul of the GEnx and GE9X engines underscoring Ethiopian Airlines' commitment to operational excellence and GE Aerospace's dedication to supporting the airline's growth and success. 'Our partnership with GE Aerospace has been instrumental in enabling us to deliver world-class service to our passengers as Africa's leading airline,' said Ethiopian Airlines Group CEO Mesfin Tasew. 'These agreements for GE9X and GEnx engines reflect our commitment to fleet modernization, operational efficiency, and sustainability as we continue to connect Africa to the world.' GE Aerospace President and CEO, Commercial Engines and Services, Russell Stokes said: 'We are honored to deepen our collaboration with Ethiopian Airlines, a valued partner for many years and proud to support their mission to connect the world while advancing the future of sustainable aviation.' These agreements mark another milestone in the decades-long partnership between Ethiopian Airlines and GE Aerospace that began in 2003. Ethiopian Airlines' investment in GE Aerospace's advanced engine technology reflects its commitment to delivering world-class service to passengers while prioritizing sustainability and operational efficiency. The GE9X engine is the world's most powerful commercial aircraft engine and the most fuel-efficient engine in its class. Available only on the Boeing 777X family of 777-9 and 777-8 aircraft, the GE9X offers 10% better specific fuel consumption than its predecessor, the GE90-115B, with emissions that are a generation ahead in technology. Since its introduction in 2011, the GEnx engine family has accumulated over 62 million flight hours. It stands as GE Aerospace's fastest-selling, high-thrust engine to date, with more than 3,600 engines currently in service and backlog, including spare units. Today, the GEnx engine powers two-thirds of all 787 aircraft currently in operation. Like all GE Aerospace commercial engines, both GEnx and GE9X engines are certified to run on Sustainable Aviation Fuel (SAF) blends today.
Yahoo
15-05-2025
- Business
- Yahoo
Qatar Airways makes large GE order that will affect Terre Haute plant
TERRE HAUTE, Ind. (WTWO/WAWV)— Qatar Airways has made a deal with GE Aerospace to purchase over 400 engines, ones that will need parts from the Terre Haute site. The engines ordered are set to be used to power Qatar Airways' new Boeing 787 and 777X. This is the largest widebody engine order in GE Aerospace's history. The widebody engines will require combustor components from the Terre Haute site. GE Aerospace generates 55% of its revenue from engine sales and services to its international customers. 'Our latest agreement with GE Aerospace reflects our confidence in the performance of the GE9X and GEnx engines to power our fleet of Boeing 777-9 and 787 aircraft,' Qatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer said. 'These next-generation engines are critical components in our strategy to ensure our fleet remains modern and efficient. Qatar Airways has ambitious plans for the future, and we value our continued partnership with GE Aerospace and their commitment to supporting our operational needs.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Arabian Business
15-05-2025
- Business
- Arabian Business
GE Aerospace, Qatar Airways strike record engine deal during Trump visit
Qatar Airways and GE Aerospace have entered into a landmark agreement for the supply of more than 400 GE9X and GEnx engines, marking the largest widebody engine purchase in GE Aerospace's history. The signing took place during US President Donald Trump's visit to Doha. The deal includes 60 GE9X and 260 GEnx engines, with additional options and spares to support Qatar Airways' growing fleet of Boeing 777-9 and Boeing 787 aircraft. #Qatar_Airways #QNA #Qatar #Economy May 14, 2025 It builds on a previous order of 188 GE9X engines, bringing the total to 248. The agreement also includes service provisions for maintenance, repair, and overhaul of both engine models. Qatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer said, 'Our latest agreement with GE Aerospace reflects our confidence in the performance of the GE9X and GEnx engines to power our fleet of Boeing 777-9 and 787 aircraft. These next-generation engines are critical components in our strategy to ensure our fleet remains modern and efficient. Qatar Airways has ambitious plans for the future, and we value our continued partnership with GE Aerospace and their commitment to supporting our operational needs.' GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. said, 'We are extremely honoured to deepen our relationship with Qatar Airways and grateful to them for placing their trust in us with our largest ever widebody engine deal. Our widebody engines – the GE9X and GEnx – are marvels of modern engineering, with the durability and reliability to power flight across the longest distances. We appreciate President Trump's support for this historic agreement.' The GE9X is currently the most powerful commercial aircraft engine in the world and the most fuel-efficient in its class, offering 10 per cent better specific fuel consumption than its predecessor, the GE90-115B. The GEnx engine, introduced in 2011, is GE Aerospace's fastest-selling high-thrust engine, with over 3,600 units in service and backlog. Both engines are certified to operate with Sustainable Aviation Fuel (SAF) blends. The partnership also includes comprehensive On Wing Support through GE Aerospace's local center in Qatar, which trains aviation professionals and supports the development of regional aerospace talent.
