NYSE:GEAerospace & Defense
General Electric Deepens Nuclear And Aerospace Commitments With Long Cycle Bets
GE Vernova and Hitachi agreed a joint venture to develop 3 GW of modular nuclear reactors as part of a wider US$550b international energy deal.
The joint venture focuses on advanced nuclear technology with government backing, targeting large scale deployment across multiple markets.
Separately, GE Aerospace plans a €110 million investment to expand manufacturing capacity at its European facilities.
For investors following General Electric (NYSE:GE), these moves indicate the company is...