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GE Aerospace's Defense, Propulsion Tech Business Could Outperform Growth Targets, RBC Says

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GE Aerospace's (GE) defense and propulsion technology's business could outperform the company's growth target, with its market position, robust bookings, and strong defense tailwinds, RBC Capital Markets said in a Tuesday note.

The business is expected to grow by mid- to high-single digit in 2026, with both legacy and new programs as potential growth drivers, the investment firm said, noting strong volumes on several legacy defense engine programs.

GE Aerospace is also optimistic in the segment achieving up to 50 basis points in annual marking expansion starting in 2027 to 2028, RBC added.

The investment firm raised its growth estimate for the business to about 9% in 2026 and 7% in 2027 to 2028, according to the note.

RBC reiterated its outperform rating and $355 price target on GE Aerospace.

Price: $299.93, Change: $+14.65, Percent Change: +5.13%

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