GE’s ongoing efficiency programs in turbine manufacturing are yielding margin expansion, recognized in derivative pricing trends. GE futures closed 0.36% higher yesterday, adding to a month-to-date gain of 4.8%, outperforming industrial peers. When discussing GE Aerospace's earnings, the term adjusted was used. That's because the company, as it stands today, was created following a series of large spin-offs, the last of which took place on April 4, 2024. In other words, GE Aerospace has only existed in its current form for a relatively short period of time. That makes it kind of hard to value the company. The agreement, which is still subject to regulatory approval, will see the two companies co-develop a hybrid electric turbogenerator tailored for defense and civil aviation markets. After a brief dip last week, GE futures bounced from support at $158.40, a level seen by traders as a near-term floor. With global PMI data stabilizing, fund managers are positioning for sustained aerospace demand amid airline fleet renewals.
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