GE Aerospace shares rise 2.12% intraday after partnering with BETA Technologies for hybrid electric aviation development.

GE Aerospace rose 2.12% intraday, with the company announcing a strategic partnership and equity investment of $300 million in BETA Technologies Inc. to co-develop a hybrid electric turbogenerator for defense and civil applications. This collaboration aims to accelerate the development of hybrid electric aviation, enabling longer range, higher speed, lower operating cost, and higher payload compared to other aircraft in the same segment.