GE Aerospace Contracts Add Context To General Electric Valuation And Momentum [Yahoo! Finance]
General Electric Company (GE)
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Source: Yahoo! Finance
GE Aerospace, part of General Electric (NYSE:GE), is working with Kratos Defense on the GEK1500, a next generation small jet engine for collaborative combat aircraft under a U.S. Air Force contract. The company is also continuing its partnership with Starfighters Space on the STARLAUNCH 1 suborbital launch system, aimed at advancing commercial spaceflight propulsion. These agreements extend GE Aerospace's role in unmanned military aircraft and commercial suborbital launch projects. For shareholders watching General Electric at a share price of $334.14, these new defense and space programs add context to the stock's recent track record. The company has posted a 69.1% return over the past year and a very large gain over five years, with returns near 4.2% year to date. Fresh contract activity in high priority aerospace niches may draw attention from long term holders. Looking ahead, readers may want to track how the Kratos and Starfighters Space programs progress from developmen
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