General Electric

General Electric (NYSE:GE) reiterated fiscal 2023 earnings guidance with a higher EPS cap than market expectations

Ahead of Thursday’s investor meeting, General Electric (NYSE:GE) reiterated its guidance for fiscal 2023, including high-single-digit organic revenue growth, adjusted earnings per share in the range of $1.60 to $2.00, above market expectations of $1.95, and free cash flow of $3.4 billion to $4.2 billion. The company also reiterated that GE Aerospace saw median revenue growth of 10%, operating profit of $5.3 billion to $5.7 billion, and year-over-year free cash flow growth.

General Electric (NYSE:GE) reiterated fiscal 2023 earnings guidance with a higher EPS cap than market expectations Read Post »

GE (NYSE:GE) was awarded a U.S. Air Force business service contract worth more than $300 million

GE (NYSE:GE) has been awarded an unspecified contract for technology maturity and risk reduction services with an unspecified maximum of $203 million, and a research and development contract for $99.47 million in costs plus fixed expenses. The project content covered by the signed contract is expected to be completed by December 31, 2024. It is reported that the US Air Force is the contractor for the contract.

GE (NYSE:GE) was awarded a U.S. Air Force business service contract worth more than $300 million Read Post »

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