Penobscot Investment Management Company Inc. has expanded its stake in GE Aerospace by 5.4% during the second quarter. The firm now holds 8,323 shares, valued at $2,142,000, reflecting its continued commitment to the industrial giant’s performance.

Boeing is reportedly in talks to secure a landmark sale of up to 500 planes to China, with some estimates placing the potential value at $37 billion. The move could mark a dramatic turnaround for the U.S. aircraft manufacturer, which has faced challenges in maintaining its foothold in the critical Chinese market.

A recent study reviewed by the Upper Cumberland Regional Airport board indicates that commercial passenger air service in the region may soon become a reality.