New York, January 13, 2026, 14:51 EST — Regular session
GE Aerospace (GE) shares rose 1.1% to $327.60 in afternoon trade on Tuesday after the company said Delta Air Lines had picked its GEnx engines for new Boeing 787-10 jets. Delta ordered 30 aircraft with options for 30 more — the right to buy additional planes later — and signed up for spare engines and long-term support. (PR Newswire)
For GE, the engine win is only part of it. The longer payback comes from service work — maintenance, overhauls and parts — that tends to stretch for years once jets are flying.
The timing matters because widebody orders are back on the tape just as Boeing tries to lift output and steady its supply chain. Boeing said it delivered 600 jets in 2025 and booked net orders that topped Airbus for the first time in seven years, with 787 demand surging. (Reuters)
GE said the Delta package includes spare engines and a long-term services agreement, and CEO H. Lawrence Culp Jr. said the company was “honored the GEnx now will be underwing” for Delta’s international plans. Delta CEO Ed Bastian called the engines “foundational to our growth vision,” according to GE’s statement. (GE Aerospace)
Boeing said Delta’s purchase targets transatlantic and South American growth and would help modernize the carrier’s widebody fleet. Stephanie Pope, who leads Boeing Commercial Airplanes, said the 787-10’s efficiency and range made it “a perfect fit” for Delta’s expansion. (MediaRoom)
Delta said deliveries of the 787-10s are scheduled to begin in 2031 and that it also reached a servicing agreement with GE for the GEnx engines. “Delta is building the fleet for the future,” Bastian said in the airline’s earnings release. (Delta Air Lines)
Delta’s order comes as the carrier leans harder into premium and corporate travelers to drive growth, even as demand for cheaper seats cools. Bastian told Reuters it is “pretty tough to operate…being reliant on only a single-source provider,” pointing to the logic of widening suppliers. (Reuters)
In the broader tape, Boeing shares were up 2.6% at $246.13, while Delta was down 2.9% at $68.95. The SPDR S&P 500 ETF was off about 0.3%.
On the Street, Citi lowered its price target on GE Aerospace to $378 from $386 but kept a Buy rating, TheFly reported. (TipRanks)
There is a catch for GE bulls: the planes arrive years from now, and options can stay options. Any stumble in Boeing’s production ramp, or a weaker international travel cycle, can push engine deliveries and service starts to the right.
Investors will look next to GE Aerospace’s fourth-quarter results on Jan. 22, when the company’s leadership team is scheduled to host an earnings webcast. (GE Aerospace)
