GE Aerospace (NYSE:GE) is one of the The Best Aerospace and Defense Stocks to Invest in Right Now. On February 16, GE Aerospace (NYSE:GE) announced a major deal with United Airlines, noting that the airline selected 300 GEnx engines for its new Boeing 787 Dreamliners.
The order includes additional spare engines, which will bring United Airlines’ 787 fleet to more than 200 GEnx-powered aircraft. Management noted that this latest deal brings GE Aerospace’s future GEnx deliveries to nearly 1,800 engines plus spares. Additionally, the partnership between GE Aerospace (NYSE:GE) and United Airlines dates back to 1968, and the airline has a massive fleet operating on GE and CFM engines. For reference, CFM engines are a 50/50 joint venture between GE Aerospace and Safran Aircraft Engines.
​Management highlighted that these engines use advanced materials for greater durability and longer time between overhauls. The engines have a 99.98% dispatch rate and have logged more than 70 million flight hours.
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GE Aerospace (NYSE:GE) is a global aerospace propulsion, services and systems company with an installed base of approximately 25,000 military and 45,000 commercial aircraft engines.
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Disclosure: None. This article was originally published in Internal jumpsuit.