In 2016, NASA announced its X-57 project. Then in June 2023, the project was canceled without a single test flight. NASA believes that even without any test flights, the program succeeded because it figured out how to solve numerous problems. Today at EAA in Oshkosh,...
General Electric announced its 3Q22 earnings at $0.35 and missed consensus by $0.14. The company is a complex conglomerate with revenues spread among healthcare, renewal, power, and aviation. The split comes with three segments, GE Healthcare, GE Vernova (energy...
The CFM International RISE (Revolutionary Innovation for Sustainable Engines) Technology Demonstration Program was launched on June 14, 2021. Program goals include reducing fuel consumption and carbon dioxide (CO2) emissions by more than 20% compared to today’s most...
GE Aviation’s revenue rose 12.2% YOY, its best since the final quarter of 2018. “Aerospace was a key driver of our performance this quarter as the industry recovery builds momentum,” Chief Executive Officer Larry Culp said. Here’s our view on the GE...
General Electric (GE Aerospace) has reached an important technical milestone with the hybrid-electric power system that is part of its zero emissions roadmap. It successfully ran tests at NASA’s Electric Aircraft Testbed (NEAT) in Sandusky (Ohio) with a 1 MW,...
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