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GE Aerospace (GE), headquartered in Evendale, Ohio, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. Valued at $175.44 billion by market cap, the company is a global leader in aerospace propulsion, services, and systems, supporting 44,000 commercial and 26,000 military aircraft engines.
Shares of this aerospace giant have outperformed the broader market considerably over the past year. GE has gained 72.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 15.5%. In 2024, GE stock is up 52.5%, surpassing the SPX’s 8.4% rise on a YTD basis.