General Electric Co., doing business as GE Aerospace, is a global aerospace propulsion, services, and systems leader with an installed base of approximately 47,000 commercial and 28,000 military aircraft engines. The company supports efforts to revitalize domestic manufacturing and plans to invest $1 billion in U.S. manufacturing and hire 5,000 U.S. workers in 2026 for the second consecutive year. Based in Ohio, GE has 57,000 employees. Its shares are a component of the S&P 500.

The major indices are slightly lower at midday. Initial jobless claims edged higher last week but remain in a benign area at 214,000. Earnings reports continue to flow in and are the main catalysts for share-price movements in individual names, at least for now. But suffice it to say, the newsflow out of the Middle East remains a wildcard that could impact stocks in a broader fashion at any time. Crude oil is at $94 per barrel, the yield on the 10-year note is at 4.29%, and the VIX volatility index is holding steady at 19.

The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles to a large degree - have moved overseas, where labor and materials costs are lower. Yet the U.S. economy, even during the pandemic and the recent period of high inflation, has expanded to record levels. If U.S. corporations weren't innovating, creating new products (such as AI and vaccines) and services (such as Zoom calls and Netflix), as well as moving into new markets (clean energy, rare drugs), the domestic economy would not be growing, and capital would not be flooding into the country. Consider that U.S. GDP was approximately $1 trillion in 1930 but was almost $31.5 trillion at the end of 2025. That's growth of 30-times. Meanwhile, the U.S. population has grown less than 3-times during that time span, to 340 million from 120 million. The delta between GDP growth and population growth has been driven, in large part, by innovation.

GE Aerospace is the global leader in designing, manufacturing, and servicing commercial aircraft turbine engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 80,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; General Electric became a storied conglomerate, with peak revenue of $130 billion in 2000, until it spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.