GE Aerospace jumps to 52-week high on reported U.S. plans for Turkey engine sale
GE Aerospace climbed 2.94% to $366.96 in early afternoon trading Wednesday, pulling back a bit after reaching $369.25, the highest print on its quote page in the last 52 weeks. Shares started at $356.84, a touch higher than Tuesday's $356.47 close. Trump administration plans to go ahead with a deal to sell Turkey dozens of GE-made jet engines for its Kaan combat jet, Reuters said. A source put the value of the package at more than $700 million. The sale could close in the next few days, ahead of the formal notice to Congress. Representative Gregory Meeks has already raised objections in an informal review.