What Happened
Aerospace Giant Expands Supply Chain Amid Engine Update
GE Aerospace stock is trading near $313 on the NYSE after the company announced an $11.75 billion acquisition of Consolidated Precision Products, aiming to address supply chain bottlenecks. Additionally, GE Aerospace has reassured investors about the GE9X engine’s durability, which powers Boeing’s 777X program, indicating no expected delay in the aircraft’s entry into service. The company reported strong second-quarter earnings, with revenue rising 21.1% year over year. This news was first reported by various financial news outlets, including MarketBeat and GuruFocus.