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GE has slashed more than $100 billion of debt and quadrupled its free cash flow since 2018. ... After the split, it will be left with its aerospace business, which makes engines for Boeing and ...
General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on ...
GE-Aviation acquires Smiths Aerospace for £2.4 billion 2007 GE Oil & Gas acquires Vetco Gray for US$1.9 billion. [19] [20] 2007 GE Plastics is sold to SABIC for US$11.6 billion. [21] 2008 GE Oil & Gas acquires Hydril Pressure & Control for US$1.12 billion from Tenaris, who retains possession of Hydril Premium Connections. [22] [23] 2008 GE Co ...
Those operating improvements lifted free cash flow from negative in 2017 and 2018 to $2.1 billion in 2021 and $4.5 billion in 2022, enabling more debt pay-downs. ... GE would split into three ...
General Electric Company, doing business as GE Aerospace, [4] 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 ...
In October 2017, GE Power sold its Water & Process Technology division to French-based utility company Suez for a total of $3.4 billion. [17] In June 2018, the private equity firm Advent International agreed to buy GE's distributed power unit for $3.25 billion. [18]
The split marks the end of the 129-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power. The ambitious move drove an 8.2% rise in ...
GE Aerospace Research, formerly GE Research, [1] is the research and development division of GE Aerospace. [2] Before 2024, it was a division of the General Electric Company, which split three ways between 2023 and 2024 and pivoted to aviation. [3] [4]