Evendale, Ohio-based GE Aerospace (GE) designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. With a market cap of $288.6 billion, GE Aerospace operates through Commercial Engines and Services and Defense and Propulsion Technologies segments.
The aerospace and defense giant has notably outperformed the broader market over the past year. GE stock prices have soared 67.8% over the past 52 weeks and 63.3% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 21.1% gains over the past year and 7.9% returns on a YTD basis.
