GE Aerospace Expands Defense, Aviation Business With Two Major Deals

GE Aerospace secured a U.S. Air Force contract for preliminary design review of its GE426 engine for uncrewed combat aircraft and signed a 10-year maintenance agreement with Japan Airlines for avionics support on its Boeing 787 fleet. However, the stock is trading below key technical levels with negative momentum indicators, facing resistance at $310 and support at $279.50.