The U.S. Department of Commerce informed GE Aerospace on Thursday that it was once again allowed to ship jet engines to China's COMAC, lifting license suspensions issued several weeks ago, according to a person familiar with the matter.
The U.S. defense industry is unmatched, backed by nearly $1 trillion in annual spending, supporting my long-standing investment in dividend-paying giants. A new wave of disruptors is shaking things up, blending AI and autonomy to chase growth, but sky-high valuations demand caution and realism. I prefer reliable incumbents, but I'm closely tracking promising innovators, because in this evolving...
CINCINNATI, Ohio--(BUSINESS WIRE)--The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.36 per share dividend 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. About GE Aerospace GE Aerospace (NYSE: GE) is a global aerospace propulsion, ...
GE Appliances invests $490 million to relocate washer production from China to Kentucky by 2027, adding 800 full-time jobs amid changing economic policies.
LOUISVILLE, Ky.--(BUSINESS WIRE)--GE Appliances, a Haier company, today announced a $490 million investment at its Louisville, Kentucky global headquarters and largest manufacturing site to create its most advanced manufacturing plant for production of clothes washers. The project will reshore production of the GE Profile™ UltraFast Combo Washer/Dryer and the GE® and GE Profile™ UltraFresh Fron...
Chinese-owned GE Appliances said on Thursday it will spend $490 million to shift production of some washing machines to the U.S. from China as it rebalances its factory footprint amid extreme trade tensions between the world's two largest economies.
GE stock price has surged this year, helped by the strength of the civil aviation industry. It jumped to a high of $250 in the futures market, and is hovering slightly below the year-to-date high of $257.
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