General Electric

GE Aerospace lifted its 2026 targets: adjusted revenue +19–20%, adjusted operating profit $10.9–11 billion, and adjusted earnings per share $8–8.10. Adjusted free cash flow is now also targeted at $9.1–9.4 billion. In the third quarter, GE beat analysts’ expectations with $13.3 billion in revenue (+18%), an adjusted operating profit of $3 billion (+30%) and net income of $2.8 billion (+12%); order intake rose to $19 billion. The stock fell about 2.65% to $303.02 in US trading despite the raised targets. » Mere på finanzen.net

GE's acquisition of Consolidated Precision Products for about $11.75 billion prompted a roughly 10% drop in Howmet Aerospace shares amid investor concern GE may rely less on outside suppliers. Howmet CEO John Plant said he remains confident in growth, but the company is being tested by the scale of required capital expansions to meet soaring demand across commercial aviation, defense and data-center turbines. The deal validates strong industry demand for castings but raises a longer-term risk that GE's vertical integration could erode Howmet's market share and margins unless Howmet rapidly increases capacity and retains key customers. » Mere på finance.yahoo.com

The U.S. Department of Defense awarded a five‑year, performance‑based logistics contract worth $2.87 billion to General Electric to support 17 F414 engine components used in F/A‑18 E/F/G aircraft. Work will be performed 90% in Lynn, Massachusetts, and 10% in Jacksonville, Florida, and is expected to be completed by August 2031. At contract award, $198.22 million from fiscal year 2026 funds were made available, of which $148.67 million is obligated. » Mere på de.investing.com

A vacant 1950s factory at GE Appliances' Louisville headquarters is being reactivated to bring a manufacturing line now in China back to the U.S. The move will restore domestic production of appliances under GE brands and create local jobs, reflecting a reshoring trend at the company's sprawling industrial campus. » Mere på washingtonpost.com

Vineyard Wind sued GE Renewables in Boston court alleging breach of contract and seeking an injunction to stop GE from abandoning turbine supply, commissioning and maintenance work by April 28. GE issued a termination notice citing over $300 million in unpaid bills, while Vineyard Wind says GE owes it more than $800 million for delays and losses from a 2024 blade failure and may therefore withhold payments. Vineyard Wind warns that GE’s exit would likely prevent the 62-turbine, $4.5 billion project from reaching full output, risk lender defaults on $2 billion of loans and leave the wind farm inoperable. GE says it exercised contractual rights for non-payment and will defend its position; a hearing is scheduled April 16 and GE must respond by April 15. » Mere på finance.yahoo.com