New York, February 9, 2026, 13:15 EST — Regular session
- GE Aerospace slipped roughly 0.8% during afternoon trading.
- The company said it reached a Saudi industrial participation agreement linked to repairs of the F110 engine, with possible local manufacturing also on the table.
- GE’s announcements at the Singapore Airshow are on investors’ radar, with a $300 million commitment toward repair facilities and a focus on next-generation engine research drawing notice.
GE Aerospace shares fell Monday, following news that the company had inked an industrial participation agreement with Saudi Arabia’s military industries authority aimed at boosting fighter-engine repair capabilities.
Shares slipped 0.8% to $318.54 as the afternoon session wore on.
Why does this matter? GE’s engine business relies on service work—those long-term maintenance contracts tend to stick around longer than selling a single piece of equipment. Expanding repair capacity near customers? That can cut shop wait times and tighten the grip on recurring revenue.
The timing coincides with defense clients pressing suppliers to boost readiness. Engine manufacturers, meanwhile, are fighting to hold or expand their share of the service market against competitors like RTX’s Pratt & Whitney and Rolls-Royce. Airlines and military buyers keep raising concerns about turnaround times and expenses.
GE has inked an agreement with Saudi Arabia’s General Authority for Military Industries (GAMI) aimed at boosting F110 engine repair capabilities and building up MRO—maintenance, repair and overhaul—capacity in the country, relying on dedicated training and specialized equipment. The company also reached a separate memorandum of understanding to look into local manufacturing and engine-part production, according to a statement from GE. GAMI’s Nawaf Albawardi said the MoU is set to “localize and develop” the kingdom’s military industries, while Salim Mousallam of GE described the partnership as “goes beyond technology transfer.” geaerospace.com
In a separate move, GE rolled out a slate of Singapore Airshow announcements, among them a $300 million commitment aimed at expanding engine component repair capacity in Singapore through 2029, plus a new effort to assess how an “open fan” engine might operate in airport environments. According to GE, the initiative will draw in CFM International—its 50-50 engine joint venture with Safran—together with Airbus and Singapore’s Civil Aviation Authority. CFM CEO Gaël Méheust called the planned airport study a “huge boon” for RISE, while GE’s Iain Rodger said boosting repair throughput should “reduce turnaround times” for clients. geaerospace.com
Elsewhere, U.S. stocks pushed higher by late morning, with attention turning to a packed calendar of economic data that could shake up rate forecasts. Investors, according to Reuters, were bracing for the January nonfarm payrolls numbers—delayed until Wednesday—and the January Consumer Price Index coming Friday.
Honeywell added roughly 0.8% among aerospace and industrials, while RTX slipped 0.4%.
For GE bulls, the uncertainty centers on execution and timing. Industrial participation agreements often drag, while expansions in manufacturing and repair depend on certifications, supply lines, and green lights from regulators — not least U.S. licensing, especially on defense work.
Traders are zeroed in on follow-up contract specifics, plus any fresh signs of orders or services coming out of events in Riyadh and Singapore. U.S. jobs and inflation data due this week are also drawing attention, especially from industrials sensitive to interest rates.
