GE Aerospace And Lilium Join Forces To Turbocharge eVTOL Safety Standards
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2024
0mins
Source: Benzinga
Partnership for eVTOL Safety: GE Aerospace has partnered with Lilium N.V. to create a safety framework for electric vertical takeoff and landing (eVTOL) aircraft, including the development of a Flight Data Monitoring program to enhance safety across their fleet.
Market Growth and Financial Performance: The eVTOL market is projected to reach $1 trillion by 2040, while GE Aerospace reported a 6% year-over-year revenue growth, reaching $8.943 billion, exceeding analyst expectations.
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Analyst Views on GE
Wall Street analysts forecast GE stock price to rise
9 Analyst Rating
8 Buy
0 Hold
1 Sell
Strong Buy
Current: 326.520
Low
275.00
Averages
345.67
High
386.00
Current: 326.520
Low
275.00
Averages
345.67
High
386.00
About GE
General Electric Company, doing business as GE Aerospace, is a global aerospace propulsion, services, and systems company. The Company has an installed base of approximately 45,000 commercial and 25,000 military aircraft engines. The Company operates through two segments: Commercial Engines & Services and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures and services jet engines for commercial airframes, as well as business aviation and aeroderivative applications. Its services include maintenance, repair and overhaul (MRO) of engines and the sale of spare parts and offers services under a variety of arrangements. The Defense & Propulsion Technologies segment provides defense engines and critical aircraft systems and consists of its Defense & Systems and Propulsion & Additive Technologies businesses. Its portfolio of brands includes Avio Aero, Unison, Dowty Propellers and Colibrium Additive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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