United Airlines selects GE Aerospace (GE)’s GEnx Engines for Boeing 787

​GE Aerospace (NYSE:GE) is one of the Best Aerospace and Defense Stocks to Invest In Right Now. On February 16, GE Aerospace (NYSE:GE) announced a major deal with United Airlines, highlighting that the airline selected 300 GEnx engines for its new Boeing 787 Dreamliners.

The order includes extra spare engines, which will bring United Airlines’ 787 fleet to over 200 GEnx-powered aircraft.  Management noted that this latest deal brings GE Aerospace’s firm GEnx future deliveries to nearly 1,800 engines plus spares. Moreover, the partnership between GE Aerospace (NYSE:GE) and United Airlines dates back to 1968, and the airline has a huge fleet operating on GE and CFM engines. For reference, CFM engines are a 50/50 joint venture between GE Aerospace and Safran Aircraft Engines.

​Management highlighted that these engines use advanced materials for increased durability and longer time between overhauls. The engines have a dispatch rate of 99.98% and have recorded more than 70 million flight hours.

Alexey Y. Petrov/Shutterstock.com

​GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems company with an installed base of around 25,000 military and 45,000 commercial aircraft engines.

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