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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 ...
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 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.
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 ...
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 ...
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]
Aerospace equipment suppliers like GE Aerospace (NYSE: GE) aren't always the easiest to evaluate. That much is apparent from GE's recent results and the consequent sell-off in the stock.
One year ago, GE's aerospace business was earning an operating profit margin of 18.8% on its sales. In Q3 2024, that number improved to 20.3%. Also encouraging was the growth in new orders.