Latest news with #F110-GE-129
India.com
2 days ago
- Business
- India.com
Major boost for Pakistan backer Turkey as THIS Muslim country signs Rs 83,500 crore deal to buy Turkish Kaan fighter jets, it's not Pakistan, Saudi, UAE, Qatar
Kaan fighter jets Kaan fighter jets: Amid growing tensions between India and Turkey, India's friend Indonesia has signed massive defence deal with Turkey. In the latest development, Turkey has signed a $10 billion (Rs 83,500 crore ) worth agreement to export Kaan fighter jets to Indonesia. The deal is very significant as it comes at a time when India is shaming the Turkish defence industry for supporting Pakistan during the recent tensions. Here are all the deal you need to know about the Indonesia-Turkey $10 billion worth defence agreement. Indonesia to get 48 Kaan fighter jets 'Under the agreement signed with our friendly and brotherly nation, Indonesia, 48 Kaan jets will be produced in Türkiye and exported to Indonesia,' Erdoğan wrote on the social media platform X. regarding the deal. 'Indonesia's local capabilities will also be utilized in the production of Kaan. This agreement showcases the progress and achievements of our domestic and national defense industry', the Turkish President added. Technology transfer to Indonesia As per Turkish news agency Anadolu, the deal includes the production and delivery of the advanced aircraft to Indonesia over a 10-year period along with technology transfer to Indonesia. 'Countries like Qatar, Azerbaijan, Saudi Arabia, and a few others are also considering acquiring the aircraft', Yusuf Akbaba, a Turkish defence industry expert was quoted as saying about the deal to Middle East Eye. ''To reduce costs, it is essential to increase the number of orders. After this order from Indonesia, procurement processes in those countries may also accelerate', he added. Kaan fifth-generation warplane Kaan is a fifth-generation warplane that was first publicly unveiled in 2023 before it performed it made its maiden test flight in early 2024. The serial production of the aircraft is expected to begin in 2028. The fifth-generation fighter jet is powered temporarily by two General Electric F110-GE-129 engine, which is also used in the Turkish F-16 fighter aircrafts.
Yahoo
19-05-2025
- Business
- Yahoo
Northcoast Research Downgrades GE Aerospace (GE) Citing Valuation, Trade Concerns
Northcoast Research on Monday downgraded GE Aerospace (NYSE:GE) to Neutral from Buy, amid concerns about the company's valuation, following a 29% surge over the past month. The stock has had impressive returns this year on the back of GE Aerospace (NYSE:GE)'s ambitious plan to invest up to $1 billion in its US facilities in 2025 to strengthen manufacturing and innovation. Investor sentiment has also been bolstered by notable high-value contracts, including a $5 billion IDIQ award from the US Air Force to support Foreign Military Sales (FMS) for the F110-GE-129 engines. A huge in-process machining center producing parts for aircraft and aerospace systems. However, analysts at Northcoast Research argue that GE Aerospace (NYSE:GE)'s rally also coincided with reducing concerns about the ongoing trade wars, a manageable import tariff impact seen for aerospace OEMs and suppliers, improved aircraft production, and press reports about positive developments in the industry. Analysts say that while there could be short-term momentum, the risk-reward profile has diminished for GE Aerospace (NYSE:GE) in the wake of recent contrasting views from Wall Street and aerospace suppliers. Chris Olin, analyst at Northcoast Research, believes ongoing trade disputes could reignite inflation and result in aircraft delivery delays. He also noted slowing domestic airline traffic, which could jeopardize GE Aerospace (NYSE:GE)'s forecasted 10% CES service sales growth. Olin stated the following in a note to clients on May 19: 'There are just too many unsolved questions surrounding the aero peer group for us to keep buy ratings in place.' While we acknowledge the potential of GE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Northcoast Research Downgrades GE Aerospace (GE) Citing Valuation, Trade Concerns
Northcoast Research on Monday downgraded GE Aerospace (NYSE:GE) to Neutral from Buy, amid concerns about the company's valuation, following a 29% surge over the past month. The stock has had impressive returns this year on the back of GE Aerospace (NYSE:GE)'s ambitious plan to invest up to $1 billion in its US facilities in 2025 to strengthen manufacturing and innovation. Investor sentiment has also been bolstered by notable high-value contracts, including a $5 billion IDIQ award from the US Air Force to support Foreign Military Sales (FMS) for the F110-GE-129 engines. A huge in-process machining center producing parts for aircraft and aerospace systems. However, analysts at Northcoast Research argue that GE Aerospace (NYSE:GE)'s rally also coincided with reducing concerns about the ongoing trade wars, a manageable import tariff impact seen for aerospace OEMs and suppliers, improved aircraft production, and press reports about positive developments in the industry. Analysts say that while there could be short-term momentum, the risk-reward profile has diminished for GE Aerospace (NYSE:GE) in the wake of recent contrasting views from Wall Street and aerospace suppliers. Chris Olin, analyst at Northcoast Research, believes ongoing trade disputes could reignite inflation and result in aircraft delivery delays. He also noted slowing domestic airline traffic, which could jeopardize GE Aerospace (NYSE:GE)'s forecasted 10% CES service sales growth. Olin stated the following in a note to clients on May 19: 'There are just too many unsolved questions surrounding the aero peer group for us to keep buy ratings in place.' While we acknowledge the potential of GE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-03-2025
- Business
- Yahoo
GE Aerospace Wins Deal From U.S. Air Force to Supply F110 Engines
GE Aerospace GE recently secured an Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the U.S. Air Force to deliver F110-GE-129 engines for the latter's F-15 and F-16 aircraft that are managed by allied nations across the globe. The deal is valued at $5 F110 engine is a well-known and proven platform for its performance and reliability in military applications. The engine has lodged more than 11 million flight hours and holds the record for the highest thrust in its class. It also marked a milestone of 40 years of uninterrupted production and the latest deal, GE will supply engines and spare parts to the U.S. Air Force. The company will also be responsible for providing associated services. The latest order is a testimony to the long-standing collaboration between GE Aerospace and the U.S. Air GE has received a series of deals, which are likely to drive its growth. In January, the company secured a contract from the Polish Armed Forces to deliver 210 T700 engines for the latter's 96 Boeing AH-64E Apache Guardian in June 2024, GE Aerospace received an IDIQ contract from the U.S. Army for the continued manufacturing of up to 950 T700 engines. This will support the requirements of the Air Force, Army, Navy, Marines, Coast Guard and Foreign Military Sales programs through 2029. The company currently sports a Zacks Rank #1 (Strong Buy). GE Aerospace is benefiting from a growing installed base and higher utilization of engine platforms, driven by strong momentum and growth across commercial and defense sectors. Rising U.S. & international defense budgets, geopolitical tensions, positive airline and airframer dynamics, and robust demand for commercial air travel augur well for the the past three months, the company's shares have gained 22.6% against the industry's 4.3% decline. Image Source: Zacks Investment Research Other top-ranked companies are discussed Group Holdings, Inc. ULCC currently sports a Zacks Rank of 1. You can see the complete list of today's Zacks #1 Rank stocks delivered a trailing four-quarter average earnings surprise of 1.1%. In the past 60 days, the Zacks Consensus Estimate for ULCC's 2025 earnings has increased 43.1%.SkyWest, Inc. SKYW presently sports a Zacks Rank of 1. The company delivered a trailing four-quarter average earnings surprise of 17.6%.In the past 60 days, the Zacks Consensus Estimate for SKYW's 2025 earnings has increased 7.7%.Ryanair Holdings plc RYAAY currently carries a Zacks Rank #2 (Buy). RYAAY delivered a trailing four-quarter average earnings surprise of 44.5%.In the past 60 days, the consensus estimate for Ryanair's fiscal 2025 earnings has increased 4.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report GE Aerospace (GE) : Free Stock Analysis Report SkyWest, Inc. (SKYW) : Free Stock Analysis Report Frontier Group Holdings, Inc. (ULCC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
14-03-2025
- Business
- Yahoo
GE Aerospace secures $1.8 billion U.S. Air Force contract
(Reuters) - GE Aerospace said on Friday it had secured a contract from the U.S. Air Force valued up to $1.8 billion. This contract supports Foreign Military Sales for F110-GE-129 engines, which power F-15 and F-16 aircraft operated by allied nations worldwide, the company said.
