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CINCINNATI - GE Aerospace (NYSE:GE), a prominent player in the Aerospace & Defense industry with a market capitalization of $292.65 billion, and BETA Technologies announced Thursday a strategic partnership to develop a hybrid electric turbogenerator for Advanced Air Mobility applications, including long-range vertical takeoff and landing aircraft. According to InvestingPro data, GE has demonstrated strong momentum, with its stock trading near its 52-week high of $281.50.
As part of the agreement, GE Aerospace will make a $300 million equity investment in BETA Technologies, subject to regulatory approval. The investment will give GE Aerospace the right to designate a director to join BETA’s board. This strategic move comes as GE maintains strong financial health, with analysts maintaining a bullish outlook on the company. InvestingPro subscribers can access detailed analysis and 15+ additional ProTips about GE’s performance and outlook.
The companies plan to combine BETA’s expertise in high-performance permanent magnet electric generators with GE Aerospace’s turbine technology and certification experience. The hybrid solution will utilize existing infrastructure such as GE Aerospace’s CT7 and T700 engines.
"Partnering with BETA will expand and accelerate hybrid electric technology development, meeting our customers’ needs for differentiated capabilities that provide more range, payload, and optimized engine and aircraft performance," said GE Aerospace Chairman and CEO H. Lawrence Culp, Jr.
The companies stated that the hybrid electric capabilities are expected to enable longer range, higher speed, lower operating costs, and higher payload compared to other aircraft in the same segment. This initiative aligns with GE’s strong market position, supported by $41.61 billion in revenue and a robust return on equity of 40%. For comprehensive insights into GE’s valuation and growth potential, investors can access the detailed Pro Research Report available on InvestingPro.
BETA Technologies, which develops electric aircraft and charging systems, has been testing its aircraft in various environmental conditions across the U.S. and Europe. The company’s founder and CEO Kyle Clark said the partnership brings together "two teams deeply committed to and guided by aerospace engineering excellence."
GE Aerospace has been advancing hybrid electric propulsion systems for several years, including completing a test of a megawatt-class hybrid electric propulsion system in altitude conditions up to 45,000 feet in 2022.
The information in this article is based on a press release statement from the companies.
In other recent news, General Electric announced the closing of a $2 billion senior notes offering, with maturities set for 2030 and 2036. This financial move was registered with the SEC and involved $1 billion in 4.300% notes due 2030 and another $1 billion in 4.900% notes due 2036. Additionally, GE Aerospace’s second-quarter results for 2025 were published on the company’s investor relations website, though specific financial details were not disclosed in the SEC filing. Citi has raised its price target for GE Aerospace to $309, citing better-than-expected quarterly results and improved guidance for 2025. UBS also increased its price target to $321, attributing the decision to strong market demand and GE’s robust market position. TD Cowen followed suit, raising its target to $300 after GE increased its 2028 EBIT target to $11.5 billion, driven by stronger aerospace aftermarket performance. These developments reflect positive analyst sentiment and strategic financial maneuvers by General Electric.
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