Woodward to Sell Gas Turbine Combustion Parts Business to GE Vernova [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
The deal marks a significant development in the energy and aerospace sectors, aiming to bolster GE Vernova's operational capabilities while enabling Woodward to focus on its core growth areas. The transition aims to strengthen GE Vernova's supply chain, ensuring it is well-equipped to meet the increasing global demand for gas turbine upgrades and services. The Greenville site, which already plays a critical role in GE Vernova's operations, will further expand its capabilities by including Woodward's combustion parts business. The decision to divest the heavy-duty gas turbines combustion parts business aligns with Woodward's strategy to concentrate its resources on high-value products that drive innovation and growth. While the transaction's financial terms have not been disclosed, Woodward has determined that the deal is not financially material to its operations. By focusing on its core competencies, the company aims to position itself as a stronger player in aerospace and indust
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GEV
News
- Jim Cramer Says You Should Buy The Dip on GE Vernova (GEV) [Yahoo! Finance]Yahoo! Finance
- GE Vernova jumps as Wells Fargo launches at Overweight on strong power demand [Seeking Alpha]Seeking Alpha
- Fairygodboss Announces the 2024 Best Companies for Women, Celebrating Inclusive and Supportive Workplaces for Gender Diversity [Yahoo! Finance]Yahoo! Finance
- GE Vernova Inc. (NYSE: GEV) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $385.00 price target on the stock.MarketBeat
- Can GE Vernova Inc.'s (NYSE:GEV) ROE Continue To Surpass The Industry Average? [Yahoo! Finance]Yahoo! Finance
GEV
Earnings
- 10/24/24 - Miss
GEV
Sec Filings
- 9/5/24 - Form 4
- 8/26/24 - Form 4
- 8/26/24 - Form 4
- GEV's page on the SEC website