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General Electric Company, doing business as GE Aerospace, [5] is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati.It is the legal successor to the original General Electric Company founded in 1892, which split into three separate companies between November 2021 and April 2024, adopting the trade name GE Aerospace after divesting its healthcare ...
Data source: GE Aerospace presentations. Moreover, as discussed elsewhere, GE's management raised expectations for shop visit growth on its older CFM56 engine in the 2026 and 2027 time frames. The ...
Ultimately, GE's final CEO Larry Culp [17] announced in November 2021 that General Electric was to be broken up into three separate, public companies—GE Aerospace, GE HealthCare, and GE Vernova—by 2024. The new companies are respectively focused on aerospace, healthcare, and energy. [18] GE HealthCare's spin-off was finalized on January 4 ...
Once completed, GE Aerospace will employ 45,000 worldwide, including 9,000 in Greater Cincinnati and Northern Kentucky. The business, which makes military and commercial aircraft engines, reported ...
In its first full year of operation, the new department hired 400 factory people, who, for the most part, had never had an industrial job before. For many it was their first job ever. Waynesboro and the surrounding area experienced a major building boom in 1955 as over 140 GE families began relocating to work in the new facility.
All in, GE Aerospace looks like a worthy company to retain the iconic "GE" ticker symbol. But that doesn't mean it is worth buying right now. The stock price has rocketed higher, more than ...