GE Aerospace Shares Fall, Following Disappointing China Boeing Order

GE Aerospace CEO Larry Culp secured a major engine order during a U.S. trade delegation visit to Beijing.

China agreed to purchase 200 Boeing jets. The aircraft order holds the potential to expand to 750 planes. General Electric will provide as many as 450 engines under the current deal.

GE Aerospace and Boeing shares fell following the announcement. The initial 200-jet agreement missed market expectations of approximately 500 aircraft.