Delta Airlines Settles on GE Aerospace (GE) GEnx Engines amid Tests on Hypersonic Missiles

GE Aerospace (NYSE:GE) is one of the defense & aerospace stocks gaining from rising geopolitical spending. On January 13, the company received a significant boost after Delta Air Lines selected its GEnx engines to power its 30 new Boeing 787-10 aircraft.

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The aerospace giant will also supply spare engines and offer long-term services support as part of the contract. Delta Airlines settled on the GE Aviation GEnx engine, as it has accumulated more than 70 million g-hours since its introduction in 2011. The engine currently powers nearly two-thirds of all 787 aircraft in operation.

“GE Aerospace’s GEnx engines will enable us to connect our passengers to international destinations across the globe with greater efficiency and improved reliability and are foundational to our growth vision,” said Ed Bastian, Delta’s chief executive officer.

The Delta Airlines deal comes on the heels of GE Aerospace and Lockheed Martin completing engine tests for hypersonic missiles in a liquid-fueled rotating detonation ramjet. The two are working on a technology that would enable missiles to fly at hypersonic speeds with improved fuel efficiency and extended range.

GE Aerospace (NYSE:GE) designs, manufactures, and services advanced jet engines, components, and integrated systems for commercial, military, and business aircraft, focusing on propulsion, power, and avionics to make flight safer, more efficient, and sustainable.

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Disclosure: None. This article is originally published at Insider Monkey.