GE Aerospace Shares Soar 5.06% Amid AI-Powered Innovation Wave
1min read GE Aerospace has marked a notable surge, with shares rising 5.06%, sustaining a two-day upward trend with a cumulative gain of 7.17%. In recent trading, the stock hit its highest point since March 2024, underscoring its robust market performance.
A pivotal development is the inauguration of GE Aerospace’s Service Technology Acceleration Center (STAC) in Cincinnati this September. This facility is set to become a hub for advanced engine inspection, maintenance, and overhaul (MRO) technologies. With aims to streamline these processes, the technologies developed are expected to be integrated across GE’s global MRO network.
One highlighted innovation at the STAC is the application of artificial intelligence (AI) in engine inspection. This pioneering technique employs two industrial robots equipped with optical scanners, meticulously examining high-precision components like turbine surfaces. AI’s role here is crucial, as it automates defect detection—identifying nicks, dents, scratches, and corrosion—offering a digital record of the component's condition. This automated system reduces the burden on technicians while enhancing consistency and efficiency. However, experienced personnel continue to verify results through screen monitoring, ensuring the accuracy and usability of the findings.
Beyond inspections, GE plans to extend this AI-driven technology to other domains, such as engine cleaning, thermal spraying, and hybrid operations. These expansions highlight GE Aerospace's commitment to integrating cutting-edge technology, optimizing procedures, and maintaining its competitive edge in the aerospace sector.