NEW YORK (TheStreet) -- CFM International, General Electric's (GE) joint venture with France's Safran, has won a $2.6 billion engine order from American Airlines (AAL) to supply the company with engines for its NV A320neo narrow-body planes to go along with a previous deal to power 100 of its new Airbus (EADSY) A320neo jets.
GE stock is up 0.9% to $26.78 in early trading on Monday.
GE stock may also be benefiting from a report stating that the company is ahead of rival Caterpillar (CAT) in a race to make a cleaner diesel train that meets new emissions standards that are set to take effect next year, according to the Wall Street Journal.
Caterpillar's new freight trains wont be available until 2017 while GE has already begun testing their models.
TheStreet Ratings team rates GENERAL ELECTRIC CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL ELECTRIC CO (GE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."