GE Aerospace's stock is surging 6.8% after its upbeat earnings report, and was heading for the highest close since October 2007. The company, formerly known as General Electric u

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.

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.

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