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In the closing of the recent trading day, GE Aerospace (GE) stood at $325.42, denoting a -2.83% move from the preceding trading day.
When the world's commercial jet assembly lines stall, the root cause is almost always found deep inside the foundry. For years, aviation's recovery from the pandemic has struggled against a stubborn bottleneck: the high-pressure turbine blades, vanes, and complex engine castings at the heart of every engine.
Jim Cramer says GE Aerospace just made a move that flips its entire post-Culp playbook on its head, and he thinks the market is only beginning to price in what a defense-focused supply chain overhaul actually means for the stock.
GE Aerospace (GE), the commercial and military jet-engine manufacturer, dropped about 2.8% to $325.52 Wednesday as Wall Street weighed its $11.75 billion takeov
Howmet Aerospace's CEO said on Wednesday he is fine with a $12 billion deal by GE Aerospace to acquire a castings giant, even as the company's own growth to meet customers' vast demand for jet engine parts is "testing us."
GE Aerospace is acquiring CPP to expand its mission-critical aircraft engine components business and strengthen manufacturing capabilities.
Sometimes, a stock's first reaction tells only part of the story. On Aug. 30, Elon Musk said Space Exploration Technologies Corp. (NASDAQ:SPCX) would begin manufacturing gas turbine blades and vanes in-house, calling the move a way to bring new turbines online up to 18 months faster.
GE Aerospace bought a casting company that could have fit nicely with SpaceX.