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With a market cap of $319.1 billion, GE Aerospace (GE) is a global aerospace company that designs and manufactures commercial and defense aircraft engines, integrated engine components, electric power systems, and aviation technologies. It operates through its Commercial Engines & Services and Defense & Propulsion Technologies segments, serving customers across the United States, Europe, Asia, the Middle East, Africa, and the Americas.
Shares of the Evendale, Ohio-based company have surpassed the broader market over the past 52 weeks. GE stock has surged 47.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 30.9%. However, on a YTD basis, shares of the company are up marginally, lagging behind SPX’s 7.7% gain.