GE Aerospace, Qatar Airways
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Shares of GE Aerospace GE rallied 2.75% to $229.38 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.41% to 5,916.93 and the Dow Jones Industrial Average DJIA rising 0.65% to 42,322.75. This was the stock's seventh consecutive day of gains.
The T901 is the product of the Army’s Improved Turbine Engine Program (ITEP), slated to replace the existing engines in the UH-60 and AH-64 fleets. Two engines have been delivered to Sikorsky and installed on a Black Hawk.
President Trump announced deals exceeding $200 billion between the U.S. and the UAE, highlighted by a $14.5 billion commitment from Etihad Airways to purchase Boeing aircraft powered by GE engines. This investment strengthens the aviation partnership,
The test campaign of HPT blades and nozzles demonstrated improved durability and fuel efficiency compared to conventional turbine technology.
NASHVILLE—The U.S. Army’s plan to end the Improved Turbine Engine Program (ITEP) may not be final, as budget deliberations may extend development of the GE Aerospace T901.
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Qatar Airways committed to acquiring as many as 210 widebody jets in a deal projected to be worth $96 billion, supporting over 150,000 jobs.
Aviation company GE Aerospace says it is now assembling the first GE9X engines that will go into the upcoming Boeing 777X.