Defense Backlog Could Be A Key Watch For GE Stock
General Electric, through GE Aerospace, reported a Defense & Propulsion Technologies backlog above US$30b and a defense book to bill of 1.7x, signaling strong order intake across its military engine and propulsion programs.
The sheer size and duration of GE Aerospace's defense backlog suggest that long cycle government contracts may provide a stabilizing counterweight to commercial aviation swings and ongoing supply chain pressures.
We will now look at how General Electric's investment...
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