GE Stock Drops 2.25% as Agility Prime Project Faces Uncertain Future in 2026 Budget

On June 12, 2025, GE's trading volume reached 20.88 billion, ranking 24th in the day's stock market. GE's stock price fell by 2.25%.

The U.S. Air Force is planning to scale back the Agility Prime electric vertical take-off and landing (eVTOL) project in the fiscal 2026 budget request. This decision is part of an effort to save funds and focus on projects that show more promise. The Air Force Chief of Staff, Gen. Dave Allvin, highlighted the need to find transition partners for projects and ensure that innovative ideas can deliver capabilities to the warfighter. The Agility Prime project, initiated in 2020, has seen some progress, including partnerships with commercial electric VTOL companies to develop a hybrid-electric vertical takeoff and landing demonstrator aircraft. However, the project's future is now uncertain due to budget constraints and the Air Force's shifting priorities.

GE's involvement in the Agility Prime project has been a significant part of its aerospace division's strategy. The project aimed to develop a high-speed, low-operating-cost aircraft with a 500 nautical mile range. The potential scaling back of Agility Prime could impact GE's aerospace division, which has been investing in innovative technologies to stay competitive in the market. The outcome of the fiscal 2026 budget request will be crucial for GE's future in the aerospace sector, as it will determine the level of support and funding for projects like Agility Prime.