30 Best Stocks To Invest In According to Billionaires

28. GE Aerospace (NYSE:GE)

No. of Billionaire Investors: 19

Total Value of Billionaire Holdings: $10.38 Billion

GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems company. The company has an installed base of almost 45,000 commercial and 25,000 military aircraft engines. The company has a major presence in the Middle East, as every major carrier flies GE Aerospace or joint venture partner engines. GE continues to expand its market in different regions due to the growing demand for its Commercial Engines and Services.

GE Aerospace (NYSE:GE) is positioning itself for a turnaround by leveraging new product introductions and digital innovations to enhance efficiency and sustainability. Recently, the company secured a five-year Performance-Based Logistics (PBL) contract with the Indian Air Force (IAF). GE will provide detailed sustainment solutions for T700-GE-701D engines powering the IAF’s fleet of AH-64E-I Apache helicopters. This deal strengthens GE Aerospace’s position in the global defense markets.

In FY2024, GE Aerospace posted adjusted revenue of nearly $35.1 billion, representing a 10% year-over-year increase. The company’s full-year profit and FCF surged by 30% from a year ago to $7.3 billion and $6.1 billion, respectively. This strong financial performance was driven by significant commercial momentum, signing key services agreements, and receiving orders for more than 4,600 commercial and defense engines. The company is planning to increase share repurchases to $7 billion and raise its dividend by 30%, indicating its commitment to improving share value.