GE Aerospace Wins Deal From Korean Air to Supply Engines

GE Aerospace GE recently secured a contract from Korean Air to supply GEnx and GE9X engines following the latter’s deal with The Boeing Company BA to buy 20 777-9s and up to 30 787-10s aircraft.The latest deal will also involve GE providing the maintenance, repair and overhaul services to Korean Air for the GE9X engines. This marks the company’s first GE9X order in South Korea.Since the launch of GEnx, the engine family has completed more than 62 million flight hours. Of late, more than 3,600 of these engines are in service and backlog, which includes the spare units. The GEnx engine is installed in two-thirds of all Boeing 787 aircraft currently in service. The GE9X engine powers the Boeing 777X family of aircraft and provides 10% improved specific fuel consumption compared with its predecessor, the GE90-115B engine.This order is a testimony to the long-standing collaboration between GE Aerospace and Korean Air, which currently has a strong GE-powered fleet. The fleet comprises GE90-110B/115B and LEAP-1B engines. Apart from engine technology, Korean Air also uses GE’s advanced Flight Data Monitoring system and Safety Insight to strengthen its safety protocols and operational efficiency.GE also announced its plan to invest more than €78 million in 2025 to expand and upgrade its manufacturing facilities in Europe. These investments will allow the company to boost its production capacities and provide better services to its commercial and defense customers.GE’s Zacks Rank & Price PerformanceThe company currently carries a Zacks Rank #2 (Buy). GE Aerospace is benefiting from a growing installed base and higher utilization of engine platforms, driven by strong momentum and growth across commercial and defense sectors. Rising U.S. & international defense budgets, geopolitical tensions, positive airline and airframer dynamics and robust demand for commercial air travel augur well for the company.Image Source: Zacks Investment ResearchIn the past three months, the company’s shares have gained 23.4% compared with the industry’s 4.7% growth.The Zacks Consensus Estimate for GE’s 2025 earnings has increased 2.3% in the past 60 days.Other Key PicksA couple of other top-ranked companies from the space are discussed below.Frontier Group Holdings, Inc. ULCC currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Frontier delivered a trailing four-quarter average earnings surprise of 1.1%. In the past 60 days, the Zacks Consensus Estimate for ULCC’s 2025 earnings has increased 42.1%.SkyWest, Inc. SKYW presently sports a Zacks Rank of 1. The company delivered a trailing four-quarter average earnings surprise of 17.6%.In the past 60 days, the Zacks Consensus Estimate for SKYW’s 2025 earnings has increased 7.7%.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report GE Aerospace (GE): Free Stock Analysis Report SkyWest, Inc. (SKYW): Free Stock Analysis Report Frontier Group Holdings, Inc. (ULCC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks