Raytheon awarded $71 million in Navy contracts for missile systems
Investing.com - Bernstein has reiterated an Outperform rating on GE Aerospace (NYSE:GE) with a price target of $254.00 ahead of the company’s second-quarter earnings report scheduled for July 17. The stock, currently trading near its 52-week high of $262.46, has delivered an impressive 65.47% return over the past year. According to InvestingPro, five analysts have recently revised their earnings estimates upward for the upcoming period.
The aerospace manufacturer will provide an investor update during its conference call at 7:30 AM ET, replacing a previously planned June 17 event in Paris that was canceled following the Air India 787 crash. Preliminary findings on the crash indicated no issues with the 787 aircraft or its GE engines. The company maintains a strong financial position with a Good health score of 2.78 out of 5, according to InvestingPro’s comprehensive analysis.
LEAP engine deliveries reportedly improved significantly in Q2, allowing Airbus to maintain its 820 airplane delivery guidance for the year. However, with only 21 LEAP-powered A320 family airplanes delivered in June, the company faces challenges meeting targets in the second half of the year.
Bernstein expects to hear positive trends regarding spare parts and maintenance, repair, and overhaul (MRO) activity, which represent the largest source for earnings growth. The peak in CFM56 shop visits is expected to extend beyond 2025, with high activity levels anticipated through 2028-30.
The company anticipates 15-20% growth in LEAP deliveries this year, though Bernstein notes this target appears challenging. The firm remains positive on new LEAP engine deliveries while viewing them as a foundation for long-term growth.
In other recent news, Watts Water Technologies (NYSE:WTS) announced the appointment of Ryan Lada as its new Chief Financial Officer, effective July 28, 2025. Lada, who previously served as CFO at The AZEK Company, will succeed Shashank Patel, who is retiring. This leadership change is part of Watts Water Technologies’ growth strategy, according to CEO Robert J. Pagano, Jr. In aviation developments, the National Transportation Safety Board issued a safety alert concerning potential smoke hazards in Boeing (NYSE:BA) 737 Max jets equipped with CFM International LEAP-1B engines. This follows incidents where smoke entered the cockpit due to engine damage from bird strikes. The NTSB recommended safety measures to the Federal Aviation Administration and other regulatory bodies. Meanwhile, Air India confirmed that the Boeing Dreamliner involved in a recent crash had a clean engine history, with one engine newly installed in March 2025. The crash resulted in significant loss of life, and Boeing is currently investigating the incident. Additionally, Spirit AeroSystems (NYSE:SPR), which is being acquired by Boeing, saw its shares drop following the crash, highlighting the sensitive timing of this acquisition process.
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