What Happened
New JASSM Engine Deal Boosts Growth Prospects
GE Aerospace stock is trading near record territory after the company won a new US Air Force contract for the GEK800 JASSM engine and reported strong July quarter earnings. The contract and earnings performance underline the company’s growth momentum, with the GEK800 engine receiving its US Military Engine Type Designation. The company’s full-year EPS guidance and dividend yield also support its valuation, as reported by Unknown Source.