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GE Benefits Big Time From Blockbuster Boeing 777X Orders

Three airlines chose new GE engines for their jets


777 engineGood news for Boeing (BA) turns out to be good news for General Electric (GE), too.

Three large deals for Boeing’s new 777X commercial jet announced at the Dubai Air Show, include hefty orders for GE-made jet engines. GE says that he deals will generate $26 billion in engine and services revenue for the manufacturing giant.

FAA to Check Boeing 777s for Lightning Risk
FAA to Check Boeing 777s for Lightning Risk

Planes ordered by Emirates Airline, Qatar Airways and Etihad Airways at the show will use GE’s new GE9X engine. The deals involve 450 engines for more than 200 planes.

Emirates Airlines ordered 150 of the twin-engine 777X jets, while Etihad purchased 56 Boeing planes, including 25 777X jets, and Qatar Airways agreed to buy 50 777X jets.

Shares of GE rose almost 1% in Monday morning trading.

Article printed from InvestorPlace Media,

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