GE Aerospace GE recently secured a contract from SkyWest, Inc. SKYW to provide CF34-8E engines plus spares for the latter’s recently ordered 60 Embraer 175 regional jets.
GE’s CF34 engine is a proven platform for its performance and reliability in SkyWest’s entire fleet of more than 600 aircraft. It features an advanced, powerful and fully modular design and comes with several variants including CF34-3, -8C, -8E, -10A and -10E engines. With more than 11,000 units delivered globally, the CF34 engines have recorded more than 209 million flight hours and 165 million flight cycles.
The engines have an impressive track record of operational efficiency and durability, boast a dispatch reliability rate of 99.97% (12-month rolling) and can also operate on approved SAF fuel blends.
The latest order is a testimony to the long-standing relationship between GE Aerospace and SkyWest, which has now become the single largest operator of GE’s CF34 engines. SkyWest currently operates a strong GE-powered fleet that includes more than 1,200 CF34-3B, -8C and -8E engines.
GE’s Zacks Rank & Price Performance
GE Aerospace currently carries a Zacks Rank #2 (Buy). The company has been witnessing strength in its businesses, driven by robust demand for commercial engines, propulsion and additive technologies. Rising U.S. & international defense budgets, positive airline & airframer dynamics and robust demand for commercial air travel augur well for the company.
However, it has been dealing with high costs and expenses related to certain projects and restructuring activities, which are likely to affect its margins and profitability.
Image Source: Zacks Investment Research
In the past year, the company’s shares have surged 51.1% compared with the industry’s 17.2% growth.
The Zacks Consensus Estimate for GE’s 2025 earnings has inched up 0.2% in the past 60 days.
Other Key Picks
A couple of other top-ranked stocks from the same space are discussed below.
Howmet Aerospace HWM currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
HWM delivered a trailing four-quarter average earnings surprise of 8.8%. In the past 60 days, the consensus estimate for Howmet’s 2025 earnings has increased 0.9%.
L3Harris Technologies LHX currently carries a Zacks Rank of 2. LHX delivered a trailing four-quarter average earnings surprise of 2.3%. In the past 60 days, the Zacks Consensus Estimate for L3Harris’s 2025 earnings has inched up 0.1%.
Higher. Faster. Sooner. Buy These Stocks Now
A small number of stocks are primed for a breakout, and you have a chance to get in before they take off.
At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.
You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.
Download the report free now >>GE Aerospace (GE) : Free Stock Analysis Report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
L3Harris Technologies Inc (LHX) : Free Stock Analysis Report
Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
