GE Aerospace Wins Orders From EVA Air And American Airlines: Details
Portfolio Pulse from Lekha Gupta
GE Aerospace announced significant orders from EVA Air and American Airlines for its GEnx and CF34-8E engines, respectively. Despite these orders, GE's shares are trading lower following a Q2 revenue miss. The company plans to hire over 900 engineers in 2024 to support innovation. Investors can gain exposure through IShares U.S. Aerospace & Defense ETF (ITA) and TCW Transform Systems ETF (NETZ).
July 24, 2024 | 10:25 am
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POSITIVE IMPACT
American Airlines finalized an order for 180 CF34-8E engines from GE Aerospace to power its new Embraer 175 regional jets.
The order for 180 CF34-8E engines is a positive development for American Airlines, indicating fleet expansion and potential operational growth.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
GE Aerospace announced orders from EVA Air and American Airlines for its GEnx and CF34-8E engines. Despite these positive developments, GE's shares are trading lower due to a Q2 revenue miss.
The new orders from EVA Air and American Airlines are positive for GE Aerospace's future revenue. However, the immediate impact on the stock is neutralized by the Q2 revenue miss, causing shares to trade lower.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to GE Aerospace through the IShares U.S. Aerospace & Defense ETF (ITA).
The IShares U.S. Aerospace & Defense ETF (ITA) includes GE Aerospace, providing investors with indirect exposure to the company's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Investors can gain exposure to GE Aerospace through the TCW Transform Systems ETF (NETZ).
The TCW Transform Systems ETF (NETZ) includes GE Aerospace, providing investors with indirect exposure to the company's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30