GE Aerospace (GE) News Today

GE Aerospace (NYSE:GE) shares are trading higher on news of progress in labor negotiations, strategic investments, and fresh leadership appointments. Investors are reacting to a mix of positive catalysts and lingering headwinds from labor disputes and increased bearish bets.

• Positive Sentiment: UAW and GE Aerospace reach tentative agreement on a new contract, ending strikes at Evendale, Ohio, and Erlanger, Kentucky, facilities. UAW Deal Reached
• Positive Sentiment: Craig Higgins named Chief Mechanic for the Open Fan program, bolstering GE Aerospace’s maintenance leadership. Craig Higgins Appointment
• Positive Sentiment: GE Aerospace stock hit a new 12-month high, reflecting strong investor enthusiasm. New 12-Month High
• Positive Sentiment: Analyst note: GE Aerospace shares are on the cusp of another record, underpinned by robust order backlogs and margin expansion potential. Barron's Analysis
• Positive Sentiment: GE Aerospace plans a $300 million investment in Beta Technologies, targeting emerging eVTOL markets and diversifying its propulsion portfolio. Beta Technologies Investment
• Neutral Sentiment: GE Appliances, a separate Haier-owned division, received a National Metalworking Reshoring Award for U.S. manufacturing leadership. Reshoring Award
• Negative Sentiment: Strike at GE Aerospace enters its third week with no deal in sight, prolonging production disruptions. Third-Week Strike
• Negative Sentiment: Short interest in GE Aerospace rose 28.7% in August to 15.13 million shares, signaling growing bearish sentiment.