GE Aerospace Wins Pentagon Autonomous Drone Engine Contract, Stock Jumps 7.6%
The U.S. Air Force awarded GE Aerospace the GE426 engine contract for its Autonomous Collaborative Platform program. GE shares rose 7.6% in the week following the announcement. The contract comes as U.S.-Israeli military operations against Iran — and Iran's closure of the Strait of Hormuz — sharpen Pentagon demand for next-generation autonomous systems.
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