Movement Alert|GE Aerospace Rises 3.01% in Regular Trading, Over $700 Million Turkey Engine Export Plan Boosts Shares

Market Focus06-25

On June 25, GE Aerospace rose 3.01% in regular trading, trading at $377.76/share, with turnover of $4.07 billion. The stock continued its upward momentum from the prior session, breaking further above its 52-week high.

On the news front, GE Aerospace's jet engines are expected to be included in a planned US military sale to Turkey despite objections from the US Congress, according to four sources familiar with the matter. The package is expected to include dozens of jet engines with a total value exceeding $700 million, intended to power Turkey's first indigenous combat jet, Kaan. This represents a significant defense contract win for the company.

The bullish sentiment was further reinforced by the company's previously announced $1 billion capital deployment plan and persistently strong aviation engine maintenance demand. RBC Capital Markets recently noted that GE Aerospace's defense and propulsion technology business could outperform growth targets, raising its growth estimate to approximately 9% for the year. The company's CEO has also expressed strong confidence in second-quarter performance, citing no observable impact on customer operations or commercial behavior.

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