Recently, GE Aviation reached a cooperation and equity investment protocol with BETA Technologies Inc. (hereinafter referred to as "BETA"), which is pending approval from regulatory authorities. This cooperation aims to promote the development of hybrid electric aviation by combining BETA's innovation capabilities with GE's industry expertise.

BETA is headquartered in South Burlington, Vermont, and is primarily engaged in the production, design, and provision of electric aircraft, propulsion systems, components, and charging solutions, bringing these products to operators around the world. BETA has developed advanced technologies that are safe and economical for end markets including cargo, logistics, defense, passenger transport, and medical.

This protocol aligns with the goals of GE Aviation's hybrid electric propulsion system. The partnership is rooted in BETA's expertise in permanent magnet generators (PMGs) and GE's leadership in engine solutions.

According to the latest protocol, both parties will focus on creating hybrid electric turbine generators for Advanced Air Mobility (AAM) applications. This generator will be used for vertical takeoff and landing (VTOL) aircraft, future BETA aircraft models, and other potential applications. This collaboration will leverage GE's innovative capabilities and expertise in the CT7 and T700 engine domains, as well as BETA's expertise in advanced PMG systems. This will enable both companies to develop hybrid electric turbine generators that provide customers with greater range, payload, and enhanced engine performance.

In addition, under regulatory conditions, GE Aviation expects to invest 300 million USD in BETA and has the right to appoint a director to the BETA board.

Currently, GE's performance can be described as good, holding a Zacks 1 rating (Strong Buy). GE Aviation benefits from a growing installed base and higher engine platform utilization, thanks to strong momentum and growth in the commercial and defense sectors. The increase in U.S. and international defense budgets, geopolitical tensions, positive dynamics among airlines and aerospace manufacturers, and strong demand for commercial aviation are favorable for the company's development.

In the past six months, the company's stock price has increased by 41.6%, while it has grown by 23.3%.