GE Aerospace Backs Boeing's 787 Ramp with GEnx Engine Stockpile
GE sits 36% above its 52-week low of $254.66.
Summary
GE Aerospace CEO Larry Culp confirmed the company is actively supporting Boeing's 787 production increase, with several months of GEnx engine supply already positioned at Boeing's Charleston facility. Culp acknowledged GE still needs to boost deliveries to match Boeing's higher rates, but emphasized alignment: 'We will be with them every step of the way.' This follows GE's strong Q2 beat and raised guidance earlier today, reinforcing the commercial engines momentum. The update signals a tangible ramp in widebody engine deliveries, a key growth driver for GE's aftermarket services. Watch for Boeing's Q2 earnings on July 23 for confirmation of 787 production rates.
At the time of this announcement, GE was trading at $346.73 on NYSE in the Manufacturing sector, with a market capitalization of approximately $376B. The 52-week trading range was $254.66 to $382.97. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.