The Zacks Analyst Blog Highlights:General Electric, Delta Air Lines, United
Technologies, Precision Castparts and Honeywell
CHICAGO, Dec. 10, 2012
CHICAGO, Dec. 10, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include General Electric Co. (NYSE:GE),
Delta Air Lines Inc. (NYSE:DAL), United Technologies (NYSE:UTX), Precision
Castparts Corp. (NYSE:PCP) and Honeywell Inc (NYSE:HON).
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from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday's Analyst Blog:
Growing Demand for GE Engines
Evendale-based GE Aviation, an operating unit of General Electric Co.
(NYSE:GE), will benefit from an order by Delta Air Lines Inc. (NYSE:DAL) for
40 Bombardier Aerospace CRJ900 regional airplanes powered by CF34 engines made
by GE Aviation. The company also has an option of buying 30 additional
The firm engine order is valued at $320 million, excluding the additional
30-aircraft option. Delivery of the engines will start in 2013. CF34 engine
would help to revolutionize regional jet aviation.
These planes will be operated by Delta Connection, which operates regional
jets across Wilmington and Atlanta. This order would allow the airline to
replace a less efficient, single-class, 50-seat aircraft with new two-class,
GE Aviation has sold more than 2,100 CF34-8 engines to power Montreal-based
Bombardier's CRJ700 and CRJ900 aircraft and Brazilian Embraer's 170/175
aircraft. Rotating parts for the CF34 engines are manufactured at GE
Aviation's facility at Castle Hayne and the final assembling is done in
Tubes, ducts and manifolds for GE's engines are manufactured in a factory of
200 workers in Dayton. In the Dayton region, parent company General Electric
has 1,400 employees and in the greater Dayton region, GE Aviation employs more
than 1,200 people.
GE Aviation recently acquired two precision manufacturing companies, Morris
Technologies and its subsidiary Rapid Quality Manufacturing based in
General Electric primarily competes with United Technologies (NYSE:UTX),
Precision Castparts Corp. (NYSE:PCP) and Honeywell Inc (NYSE:HON). General
Electric currently carries a Zacks #3 Rank, which implies a short-term Hold
rating on the stock.
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