Group 1: Company Developments - Japan Airlines has placed an order with GE Aerospace for GEnx-1B engines to power up to 20 new Boeing 787-9 Dreamliner aircraft, reinforcing their long-standing relationship [1][2] - The GEnx engine family has achieved over 56 million flight hours since its introduction in 2011, making it the fastest-selling, high-thrust engine in GE Aerospace's history with nearly 3,000 engines in service and backlog [1][2] Group 2: Performance and Technology - The GEnx-1B engine powers two out of every three 787 aircraft currently in service, showcasing its dominance in the market [2] - The GEnx engine is designed for high performance, reliability, and fuel efficiency, utilizing lightweight materials and advanced design processes to enhance performance and reduce maintenance costs [2] Group 3: Fleet and Operations - Japan Airlines operates a fleet of 53 Boeing 787s powered by the GEnx engine, which has collectively reached 3 million engine flight hours as of early 2024 [3] - Japan Airlines has a total fleet of 227 aircraft as of March 2024, and is in the process of renewing its long-haul aircraft with the Airbus A350-1000 [5]

Agreement covers development and production of small affordable engines for possible use in unmanned aerial systems, collaborative combat aircraft, and similar applicationsFARNBOROUGH, England, July 22, 2024 /PRNewswire/ -- GE Aerospace (NYSE:GE) and Kratos Turbine Technologies, a division of Kratos Defense & Security Solutions, Inc., signed a Memorandum of Understanding to partner on the development and production of small affordable engines that could potentially power unmanned aerial systems (UAS), colla ...

Collaboration and Innovation - GE Aerospace and Oak Ridge National Laboratory collaborate to develop advanced computational modeling and simulation capabilities, leveraging Oak Ridge's expertise in supercomputing and AI tools [1] - The collaboration aims to accelerate engine design and testing, particularly for the Open Fan architecture, which is seen as a key technology for achieving net zero ambitions in the aviation industry [2] - Oak Ridge National Laboratory houses Frontier, the world's fastest supercomputer, capable of exascale data processing, which is instrumental in this collaboration [2] Technological Advancements - GE Aerospace has developed computational fluid dynamics software to model the aerodynamic and acoustic performance of full-scale Open Fan engine designs using Frontier [3] - Additional simulations on Frontier have been conducted to analyze different engine operating conditions, improving understanding of aerodynamic characteristics and acoustic signatures [3] - The RISE program, a joint initiative between GE Aerospace and Safran Aircraft Engines, focuses on developing technologies like Open Fan, compact core, and hybrid electric systems compatible with 100% Sustainable Aviation Fuel (SAF) [3] Future Prospects - The Open Fan engine architecture, part of the RISE program, aims to achieve greater propulsive efficiency by removing the nacelle while maintaining current speed and cabin experience standards [4] - GE Aerospace plans to hire over 900 engineers in 2024 to support innovation in current aircraft engine programs and develop new technologies for the future of flight [4] - The use of supercomputing power and software tools is enabling GE Aerospace to better evaluate new engine technologies at flight scale during the design phase, optimizing engine performance and airframe integration [4]

GE Aerospace (GE) is scheduled to report second-quarter 2024 results on Jul 23, before market open.The Zacks Consensus Estimate for its second-quarter earnings has increased 2.1% in the past 60 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 32.8%.Let’s see how things might have shaped up for GE Aerospace this earnings season.Factors to NoteGE Aerospace is expected to have benefited f ...

The aerospace company has a bright future due to its dominant position in airplane engines.The stock started 2024 as General Electric but is now GE Aerospace (GE 1.17%). The change of name reflects the spin-off of GE Vernova in early April. No matter which way you look at it, GE stock was up 24.6% in the first half, according to data provided by S&P Global Market Intelligence.Why GE stock outperformedThe exceptional performance is due to two factors. First, the successful spin-off of GE Vernova helped dispe ...

dmf87/iStock via Getty Images Introduction I would be lying if I said I didn't like catchy titles. However, as much as I like catchy titles, I believe backing them up with good information and solid, no-nonsense investment picks is even more important. After all, investing is a very serious business with very little room for error. When I say there's little room for error, I mean it's very important to use the power of compounding interest to our advantage, something Warren Buffett called the "eighth wo ...

GE Aerospace's stock price rose 58% in the first six months of the year. Can it keep going higher?GE Aerospace (GE -1.80%), formerly a part of General Electric, had a blistering hot start to the first half of 2024. The stock price rose 58% in the first six months of 2024, crushing what were solid gains by the S&P 500 (up 15%) and Nasdaq Composite index (up 19%) over the same period.Investors are apparently optimistic about this aerospace industry leader, judging by its stellar first-half share price perform ...

"This delivery represents the beginning of a new era and a pivotal moment in our ongoing work with the U.S. Army," said Amy Gowder, president and CEO, Defense & Systems at GE Aerospace. "The T901 engine will ensure warfighters will have the performance, power, and reliability necessary to maintain a significant advantage on the battlefield."Today's announcement comes on the heels of the first ever ground run of an aircraft powered by a T901 engine. In April, a T901 engine successfully powered Sikorsky's Fut ...

arogant/iStock via Getty Images Introduction A few years ago, when I was researching Lithium and EV markets I read accounts that electricity demand from EV penetration could be akin to what was seen in the 1960s & 1970s with the penetration of microwaves, hairdryers, and air-conditioning, etc. that drove demand 30%, or about an additional 2% per year, which is considerable and would require electric utilities to invest in capacity and grid resiliency. Then the summer heat waves began, and another layer of d ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...