General Electric Secures U.S. Air Force Contract for New Engine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2026
0mins
Source: Newsfilter
General Electric Co's stock rose by 3.01% as it reached a 20-day high, reflecting positive investor sentiment.
The increase in stock price is attributed to GE Aerospace securing a contract from the U.S. Air Force for the preliminary design review of the new GE426 engine, which is intended for the medium-thrust-class Autonomous Collaborative Platform project. This contract marks a significant advancement in GE's capabilities within the unmanned combat aircraft sector and strengthens its competitive position in the defense market.
This contract not only enhances GE's product offerings but also positions the company favorably for future growth in military aviation, especially as global military budgets continue to rise.
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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: 323.760
Low
275.00
Averages
345.67
High
386.00
Current: 323.760
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. It has an installed base of over 50,000 commercial and 30,000 military aircraft engines. Its segment includes Commercial Engines & Services and Defense & Propulsion Technologies. 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 of engines and the sale of spare parts and offers services under a variety of arrangements such as long-term service agreements, spare parts agreements or time and material contracts. Defense & Propulsion Technologies segment provides defense engines and critical aircraft systems and consists of 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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