Türkiye’s TAI and GE Aerospace (GE) Sign Deal to Integrate F404 Engine into HURJET Jet Trainer
GE Aerospace (NYSE:GE) is among the 10 Best Aerospace Stocks to Buy Now. On July 24, the Turkish Aerospace Industries (TAI) announced signing an agreement with the company to strengthen the F404 turbofan engines and any potential future collaborations related to Türkiye's HURJET jet trainer.
A huge in-process machining center producing parts for aircraft and aerospace systems.
According to reports in the Turkish press, the pact signed in Istanbul during the IDEF International Defense Industry Fair is aimed at using these engines in the HURJET and for the necessary procurement for integration. Another objective is also to get GE Aerospace (NYSE:GE)’s support in the flight test activities of the new prototypes.
Moreover, TAI and GE Aerospace (NYSE:GE) have also agreed to undertake additional steps on the maintenance, repair, and overhaul of the F404 engine, the Anadolu Agency reported on Wednesday last week.
GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems company with an installed base of around 25,000 military and 45,000 commercial aircraft engines. The stock has surged 62% year-to-date, as of the close of business on July 28.
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