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. » More on 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. » More on 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. » More on de.investing.com