Reported Earnings • Apr 21
First quarter 2026 earnings released: EPS: US$1.85 (vs US$1.84 in 1Q 2025) First quarter 2026 results: EPS: US$1.85. Revenue: US$12.4b (up 25% from 1Q 2025). Net income: US$1.93b (down 1.9% from 1Q 2025). Profit margin: 16% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Announcement • Mar 13
General Electric Company, Annual General Meeting, May 05, 2026 General Electric Company, Annual General Meeting, May 05, 2026. Announcement • Feb 07
GE Aerospace Declares Quarterly Dividend, Payable on April 27, 2026 The Board of Directors of GE Aerospace declared a $0.47 per share dividend on the outstanding common stock of the Company. The dividend is payable April 27, 2026, to shareholders of record at the close of business on March 9, 2026. The ex-dividend date is March 9, 2026. Recent Insider Transactions • Feb 04
Insider recently sold €1.0m worth of stock On the 2nd of February, Amy Gowder sold around 4k shares on-market at roughly €259 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.1m. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Buy Or Sell Opportunity • Feb 01
Now 22% overvalued Over the last 90 days, the stock has fallen 3.9% to €257. The fair value is estimated to be €211, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Reported Earnings • Jan 23
Full year 2025 earnings released: EPS: US$8.10 (vs US$6.13 in FY 2024) Full year 2025 results: EPS: US$8.10 (up from US$6.13 in FY 2024). Revenue: US$45.9b (up 19% from FY 2024). Net income: US$8.60b (up 29% from FY 2024). Profit margin: 19% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 16
GE Aerospace Announces Executive Changes GE Aerospace announced that Mohamed Ali has been named President and CEO, Commercial Engines and Services (CES); an expanded team which now will manage the entire commercial engine lifecycle, including safety and quality, product management, engineering, supply chain, manufacturing, and aftermarket services. Russell Stokes will retire from GE Aerospace in July 2026. With Stokes’s retirement, GE Aerospace will expand the CES team—which is responsible for managing the engine lifecycle across new engine production and services—to include the T&O team—which is responsible for product safety, quality, global manufacturing, supply chain and engineering. The company also announced that Jason Tonich has been named Chief Commercial Sales & Customer Officer to lead an integrated sales and customer experience team. Tonich will report directly to Culp, aligned with GE Aerospace’s commitment to being customer driven. Announcement • Jan 07
GE Aerospace Appoints Shilpa Gupta as CTO of India Operations GE Aerospace has appointed Shilpa Gupta as its new chief technology officer for GE Aerospace in India and the site leader for the John F Welch Technology Centre (JFWTC) in Bengaluru, said a statement issued Tuesday. In this role, Gupta will lead the company's engineering, research and digital technology teams at Bengaluru to accelerate innovation, scale advanced technologies and strengthen regional impact. She joins the firm from GE Vernova, where she led the gas power engineering team in India across Bengaluru, Hyderabad and Noida, and served as JFWTC site leader for GE Vernova. Gupta succeeds Alok Nanda, who has taken on a global role as general manager of services engineering at GE Aerospace, focusing on enhancing customer outcomes, driving operational efficiency and positioning the company for next-generation growth. Upcoming Dividend • Dec 16
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 23 December 2025. Payment date: 26 January 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Italian dividend payers (4.7%). Lower than average of industry peers (1.2%). Announcement • Dec 05
GE Aerospace Announces Regular Quarterly Dividend, Payable on January 26, 2026 The Board of Directors of GE Aerospace declared a $0.36 per share dividend on the outstanding common stock of the Company. The dividend is payable January 26, 2026, to shareholders of record at the close of business on December 29, 2025. The ex-dividend date is December 29, 2025. Recent Insider Transactions • Nov 22
Insider recently sold €2.1m worth of stock On the 19th of November, Russell Stokes sold around 8k shares on-market at roughly €258 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: US$2.06 (vs US$1.57 in 3Q 2024) Third quarter 2025 results: EPS: US$2.06 (up from US$1.57 in 3Q 2024). Revenue: US$12.2b (up 24% from 3Q 2024). Net income: US$2.17b (up 28% from 3Q 2024). Profit margin: 18% (in line with 3Q 2024). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 21
GE Aerospace Raises Earnings Guidance for the Year 2025 GE Aerospace raised earnings guidance for the year 2025. For the year, the company raised operating profit of $8.65 billion to $8.85 Billion compared to previous guidance of $8.2 billion to $8.5 Billion. Announcement • Oct 03
GE Aerospace Announces Board Changes GE Aerospace announced Wesley G. Bush, former Chairman and CEO of Northrop Grumman Corporation, will join its Board of Directors. Wesley Bush (64), who is the former Chairman and CEO of Northrop Grumman Corporation, brings nearly 40 years of experience in the aerospace industry. Bush previously held a variety of leadership roles at Northrop Grumman including serving as the company's Chief Operating Officer, Chief Financial Officer, and President of its Space Technology business. Prior to the acquisition of TRW by Northrop Grumman, Bush also served as President and Chief Executive Officer for Aeronautical Systems. He will join the GE Aerospace Board effective December 1 and has been appointed to serve as a member of the Audit Committee. Bush is also a director at General Motors, Dow Inc. and Cisco Systems Inc. Steve Angel will depart in December 2025, in connection with becoming President CEO of CSX Corp., following three years of service. The company thank Steve Angel for his commitment to setting up GE Aerospace and GE Vernova as standalone public companies positioned to drive long-term value for customers, shareholders and employees. Steve's oversight made GE stronger, and his astute counsel helped put GE Aerospace in the highly desirable position it is in. He has been a trusted partner to me and the entire leadership team. Declared Dividend • Sep 24
Dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 26th September 2025 Payment date: 27th October 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 28%. Announcement • Sep 23
GE Aerospace Successfully Completes Supersonic Flight Tests of a Solid-Fueled Ramjet at Kennedy Space Center GE Aerospace announced the successful suersonic captive carry flight tests of its Atmospheric Test of Launched Airbreathing System (ATLAS) Flight Test Vehicle, marking a major milestone in advancing solid fuel ramjet (SFRJ) propulsion technology. As part of the ATLAS program, the system was carried aloft on a Starfighters F-104 aircraft. The test campaign included three successful flights, with the system reaching supersonic speeds. The ATLAS project was funded by the Department of War via Title III of the Defense Production Act to scale up the technology for air-breathing propulsion to extend the range of munitions. This phase of ATLAS is designed to showcase and validate the key performance capabilities of solid fuel ramjets during flight, offering essential insights for future systems requiring enhanced speed, range, and responsiveness. These tests represent just one pillar of GE Aerospace's broader investments in advanced high speed and hypersonic propulsion technologies. The company acquired Innoveering in 2022 to accelerate its hypersonic propulsion portfolio and announced significant test infrastructure upgrades earlier this year at its Evendale, Ohio; Bohemia, New York; and Niskayuna, New York facilities. These enhancements will enable higher-Mach, mission-relevant testing at a scale not previously possible. Announcement • Sep 19
GE Aerospace Authorizes Regular Quarterly Dividend, Payable on October 27, 2025 The Board of Directors of GE Aerospace declared a $0.36 per share dividend on the outstanding common stock of the Company. The dividend is payable October 27, 2025, to shareholders of record at the close of business on September 29, 2025. The ex-dividend date is September 29, 2025. Reported Earnings • Jul 18
Second quarter 2025 earnings released: EPS: US$1.89 (vs US$1.21 in 2Q 2024) Second quarter 2025 results: EPS: US$1.89 (up from US$1.21 in 2Q 2024). Revenue: US$11.0b (up 21% from 2Q 2024). Net income: US$2.01b (up 52% from 2Q 2024). Profit margin: 18% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year whereas the company’s share price has increased by 51% per year. Buy Or Sell Opportunity • Jul 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to €219. The fair value is estimated to be €181, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. Declared Dividend • Jul 02
Dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 4th July 2025 Payment date: 25th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 19%. Cash payout ratio: 37%. Announcement • Jun 28
GE Aerospace Declares Regular Quarterly Dividend, Payable July 25, 2025 The Board of Directors of GE Aerospace declared regular quarterly dividend of $0.36 per share on the outstanding common stock of the Company. The dividend is payable July 25, 2025, to shareholders of record at the close of business on July 7, 2025. The ex-dividend date is July 7, 2025. Announcement • Jun 27
General Electric Company (NYSE:GE) completed the acquisition of North Star Aerospace, Inc. from Wynnchurch Capital, L.P. General Electric Company (NYSE:GE) signed an agreement to acquire North Star Aerospace, Inc. from Wynnchurch Capital, L.P on January 23, 2025. Vedder Price P.C. acted as legal advisor to Wynnchurch Capital, L.P. Lincoln International LLC acted as financial advisor to Wynnchurch Capital, L.P. Moelis & Company (NYSE:MC) acted as financial advisor to Wynnchurch Capital, L.P.
General Electric Company (NYSE:GE) completed the acquisition of North Star Aerospace, Inc. from Wynnchurch Capital, L.P on June 26, 2025. Buy Or Sell Opportunity • Jun 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to €212. The fair value is estimated to be €174, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 5.6% per annum over the same time period. Buy Or Sell Opportunity • Jun 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €221. The fair value is estimated to be €184, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 5.9% per annum over the same time period. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: US$1.84 (vs US$1.58 in 1Q 2024) First quarter 2025 results: EPS: US$1.84 (up from US$1.58 in 1Q 2024). Revenue: US$9.93b (up 11% from 1Q 2024). Net income: US$1.97b (up 15% from 1Q 2024). Profit margin: 20% (in line with 1Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €151, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €223 per share. Buy Or Sell Opportunity • Apr 03
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at €170. The fair value is estimated to be €221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 7.4% per annum over the same time period. Announcement • Mar 18
General Electric Company, Annual General Meeting, May 06, 2025 General Electric Company, Annual General Meeting, May 06, 2025. Announcement • Feb 28
Catalyst Turboprop Engine Achieves FAA Certification GE Aerospace announced that the Catalyst turboprop engine has been certified by the US Federal Aviation Administration (FAA). The FAR (Federal Aviation Regulation) Part 33 certification involved over 23 engines and more than 190 component tests. Catalyst is the first, new centerline, clean-sheet advanced turboprop of the 21 century and the first turboprop engine to be certified to the latest standards, which include more than 20 significant new requirements. During the certification process, the test engines completed more than 8,000 hours of operation demonstrating and meeting its key performance targets. The engine will bring a radical change to this segment, thanks to its industry-best 16:1 overall pressure ratio that enables up to 18% better fuel consumption and up to 10% higher cruise power, compared to competitors in the same class. Catalyst introduces two stages of variable stator vanes, cooled high-pressure turbine blades, and features components made by using additive manufacturing. The Catalyst engine belongs to the GE Aerospace suite of next generation engines which are defining the Future of Flight. It was designed, developed, and manufactured at GE Aerospace sites in Europe, including Avio Aero in Italy, the Czech Republic, Poland, and Germany. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 07 March 2025. Payment date: 25 April 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Italian dividend payers (5.5%). Lower than average of industry peers (1.4%). Board Change • Feb 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Tom Enders was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
