Poland Taps GE Aerospace for Apache Engine Support: Finalizes New Offset Agreement
Portfolio Pulse from Lekha Gupta
GE Aerospace and the Polish Ministry of National Defense have finalized an offset agreement for the purchase of 96 Boeing AH-64E Apache Guardian helicopters, which will use GE’s T700 engines. The agreement will generate high-value jobs in Poland and provide advanced engine MRO technology, training, and support. WZL-1 will handle MRO support, while WAT will oversee training. This partnership ensures supply security for T700/CT7-powered platforms. GE shares are down 0.69% at $159.17.
August 05, 2024 | 3:58 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Boeing's AH-64E Apache Guardian helicopters will be equipped with GE’s T700 engines as part of the offset agreement with the Polish Ministry of National Defense.
The deal involves the purchase of 96 Boeing AH-64E Apache Guardian helicopters, which could positively impact Boeing's revenues and stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
GE Aerospace has finalized an offset agreement with the Polish Ministry of National Defense for Apache helicopter engines, which will generate high-value jobs and provide advanced MRO technology and training in Poland.
The agreement is a significant development for GE Aerospace, enhancing its presence in the defense sector and generating high-value jobs in Poland. This could positively impact GE's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to GE Aerospace and Boeing through the iShares U.S. Aerospace & Defense ETF (ITA), which includes these companies in its portfolio.
The ETF includes GE Aerospace and Boeing, both of which are involved in the new offset agreement with Poland. This could positively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to GE Aerospace and Boeing through the TCW Transform Systems ETF (NETZ), which includes these companies in its portfolio.
The ETF includes GE Aerospace and Boeing, both of which are involved in the new offset agreement with Poland. This could positively impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50