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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 ...
Gerhard Neumann (October 8, 1917 – November 2, 1997) was a German-American aviation engineer and executive for General Electric's aircraft engine division (which today is called GE Aerospace). Born and raised in Germany, he went to China shortly before World War II where he became an aircraft mechanic for the United States Army Air Forces.
GE Aviation Systems (formerly Smiths Aerospace) is an American aerospace engineering, aircraft engine and aircraft parts manufacturer. Smiths Aerospace was formerly one of four business units of Smiths Group plc. , an engineering company and constituent of the FTSE 100 share index.
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 Aerospace's business will obviously wax and wane over time. That's the norm for cyclical industrial businesses. But with geopolitical tensions seemingly always an issue, defense spending seems ...
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.
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.