General Electric Company (GE) Stock Analysis & Winston Score

GE Aerospace makes jet engines for commercial airplanes and military aircraft. Its engines power planes built by Boeing and Airbus, and it sells to airlines, air forces, and defense agencies around the world. GE Aerospace is one of the two largest jet engine makers on the planet, competing mainly with Rolls-Royce and CFM International — a joint venture GE itself co-owns with France's Safran. The company earns money in two main ways: selling new engines and, more importantly, charging airlines for ongoing maintenance, repairs, and spare parts over the life of each engine. This services business is highly recurring and hard to replace, since airlines must use certified parts and approved repair shops. GE Aerospace operates globally, with a market cap above $330 billion, and its installed base of tens of thousands of engines creates a durable revenue stream. The key growth driver is a large commercial aviation backlog, though supply chain bottlenecks and rising production costs remain meaningful near-term risks.