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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 ...
GE announces split of company into three separate concerns—GE HealthCare, GE Vernova, and GE Aerospace—with the healthcare and energy (Vernova) divisions being spun off and the company pivoting to aviation by rebranding as GE Aerospace. [36] [37] 2023 GE completes spin-off of GE HealthCare [37] 2024 GE completes spin-off of GE Vernova.
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 ...
GE Healthcare was the first to be spun off, on January 4, 2023. [19] GE Vernova was the second to be spun off. In preparation for the spin-off, GE Vernova, LLC was founded on February 28, 2023. [20] The LLC was incorporated on April 2, 2024, [21] as GE Vernova Inc. and was listed on the New York Stock Exchange under ticker symbol GEV. [22]
He is chairman and CEO of GE Aerospace. [1] [2] He is the first outsider to run GE in the company's 126-year history. [3] Prior to joining GE, Culp worked at Pall Corporation and Danaher Corporation in Washington, D.C. He joined the Danaher Corporation in 1990 and was CEO from 2001 through 2014. Culp joined the GE board of directors in April ...
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 ...
GE Power (formerly known as GE Energy) was an American energy technology company owned by General Electric (GE). In April 2024, GE completed the spin-off of GE Power into a separate company, GE Vernova. Following this, General Electric ceased to exist as a conglomerate and pivoted to aviation, rebranding as GE Aerospace.
During the late 1960s, GE Aerospace personnel developed the first realtime image generator. [1] In 1991, the group had approximately 37,500 employees, most of whom were located in Florida and the New England and Middle Atlantic regions. The Delaware Valley alone accounted for roughly 17,600 employees. [2]