GE shares edge higher on $2.87B U.S. Navy engine support deal
GE Aerospace stock inched higher after new U.S. defense awards. The company secured a $2.87 billion Navy deal for F414 engine support and a hypersonic development award to support its defense pipeline.
GE Aerospace (GE) stock edged marginally higher overnight as fresh U.S. defense awards added to investor optimism.
A $2.87 billion Navy deal for F414 engine support and a new hypersonic development award seek to strengthen the company’s defense pipeline, while aviation demand, improving earnings an…