Shares of GE Aerospace were soaring toward levels not seen in nearly two decades after the maker of engines used by airlines and the military provided an upbeat earnings outlook for 2025 and said it was going to buy back more stock and boost its dividend by 30%.

GE Aerospace reported better-than-expected fourth-quarter earnings on Thursday. GE Aerospace reported fourth-quarter sales of $9.9 billion, operating profit of $1.9 billion, and earnings per share of $1.

GE Aerospace (GE) is up 10.0%, or $18.81 to $207.17.Invest with Confidence: Follow TipRanks' Top Wall Street Analysts to uncover their success

Shares of GE Aerospace surged 7.2% in premarket trading Thursday toward an 18-year high after fourth-quarter profit and revenue beat by healthy margins, fueled by strength in the commercial engines business.

GE Aerospace stock rallied, after the jet-engine maker posted quarterly profit and revenue that flew past Wall Street's estimates. Chief Executive Larry Culp said the company ended 2024 with robust demand for its services and products,

GE Aerospace easily topped Wall Street expectations and posted solid year-over-year growth. The company boosted its dividend and announced a new share repurchase plan. GE Aerospace is benefitting from current market conditions and can be a long-term winner.