GE Aerospace (NYSE:GE) posted strong Q2 results, raised guidance and won major engine and defense contracts while cutting shop turnaround times and hitting fleet milestones, as UBS lifted its price target and the company showcases hybrid flight tests and new financing to fuel services growth.

Previous Week Recap

  • GE Aerospace Wins Engine Deals: GE Aerospace (GE) won multiple engine contracts: supply deal for up to 120 LEAP-1B engines with Copa, F404 and CT7 program wins, LEAP-1B durability kit certified, and XA102 assembly review completed.
  • Q2 2026 GAAP Earnings Rise: GE Aerospace Q2 2026: GAAP net income $2.405B ($2.30/sh), adj. EPS $2.02. Revenue ~$12.6–13.35B (up ~21–24%). Orders +17%, backlog >$210B. Raised FY adj. EPS and revenue guidance.
  • 2028 Profit Target Reaffirmed: GE Aerospace reaffirmed a 2028 operating profit target near $11.5B, below the Street's $13.2B forecast; no 2028 outlook update now, more details possible around the Farnborough Air Show.
  • Q2 DPT Growth, New Contracts: GE Aerospace (GE): Q2 DPT revenue +16%, profit +18%. DPT backlog >$30B. Defense book-to-bill 1.0 Q2, 1.7 H1. New contracts: Turkish HÜRJET engine deal; CT7 picked for UK MoD helicopter.
  • Faster Shop Turnarounds Achieved: GE Aerospace shortened shop turnaround times by ~1 week via FLIGHT DECK since late 2025, drove record internal shop output, and posted a 1.55x H1 book-to-bill in defense and propulsion.
  • Farnborough Flight With Saab 340B: At the July 20, 2026 Farnborough airshow GE Aerospace flew a Saab 340B with its megawatt-class hybrid electric propulsion above 30,000 ft for over two hours; further test flights planned
  • UBS Upgrades GE Aerospace Target: UBS maintained a Buy rating on GE Aerospace (GE) and raised its price target to $435 per share from $426, according to UBS's latest coverage.
  • GEnx-1B Hits 50M Hours: GE Aerospace's GEnx-1B reached 50M flight hours in ~14 years, fastest for GE widebody. Powers Boeing 787 with 50+ operators, ~600,000 monthly hours, 99.98% dispatch reliability.
  • GE Shares Rally On Momentum: GE Aerospace shares up ~5% since U.S.-Iran conflict; trading above $359 after March low near $275. Traders await upcoming earnings report and any guidance updates that could affect momentum.
  • UK Finance For Engine Maintenance: GE Aerospace and UK Export Finance launched a program to provide about $1 billion in financing over five years for regional aircraft engine maintenance and shop visits, aiding service demand.

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