GE: Site Visit Shows GE is More than Just Commercial Engines

研报英文原文证据摘录

GE: Site Visit Shows GE is More than Just Commercial Engines

May 20, 2026

Future of Flight

Looking into the future, GE sees 4 main themes: advanced/next gen propulsion systems, unscrewed propulsion,

hypersonics, and hybrid electric. The company's Edison Works business which is a specialized advanced technology

team of ~1400 across 5 sites, has the company well positioned for next generation propulsion with the XA102 adaptive

cycle engine (competing to power the F-47) which heavily leverages XA100 learnings. Additionally, Avio is a key player

on the Global Combat Air Program (GCAP) which is an international 6th gen fighter (development being funded by Italy,

UK, and Japan). The company's T901 (drop in upgrade of the ubiquitous T700/CT7) is a good example of what GE can

deliver by when combining D&S and P&AT as the engine's front frame is made through additive manufacturing which

helps improve the power and efficiency of the engine.

Uncrewed propulsion is really the company looking at propulsion systems more from an affordability perspective for

use in CCAs and cruise missiles which generally have limited life applications. The company has partnered with Kratos

on 2 smaller engines the GEK800 and GEK1500 while they have their own GE426 and F110 engines as options for

medium sized applications (the F110 is used on Shield AI's X-BAT). They see this market as being a $50B opportunity

market over the next 20 years.

The opportunity for hypersonics is still a ways out but that hasn't stopped GE from investing in the technology. They

have done flight tests of a solid fuel ramjet in 3Q25 and competed integration testing with LMT earlier this year. GE has

been able to leverage their high voltage expertise to in the development/production of hybrid-electric technology that