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GE Aerospace information


General Electric Company
Trade name
GE Aerospace
Formerly
  • Aircraft Gas Turbine Division
  • General Electric Aircraft Engines
  • GE Aviation
Company typePublic
Traded as
  • NYSE: GE
  • S&P 100 component
  • S&P 500 component
IndustryAerospace
PredecessorGeneral Electric
Founded1917; 107 years ago (1917)[1]
Headquarters
Evendale, Ohio
,
U.S.[2]
Key people
H. Lawrence Culp Jr. (president & CEO)
RevenueIncrease US$31.8 billion (2024)[3]
Operating income
Increase US$6.2 billion (2024)[3]
Number of employees
48,000 (2018)
Subsidiaries
  • Avio Aero
  • CFM International (50%)
  • Dowty Propellers
  • Engine Alliance (50%)
  • GE Additive
  • GE Aerospace Research
  • GE Aviation Systems
  • GE Honda Aero Engines (50%)
  • Unison Industries
  • Walter Aircraft Engines
Websitegeaerospace.com

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 and energy divisions.[5][6]

GE Aerospace both manufactures engines under its name and partners with other manufacturers to produce engines. CFM International, the world's leading supplier of aircraft engines and GE's most successful partnership, is a 50/50 joint venture with the French company Safran Aircraft Engines. As of 2020, CFM International holds 39% of the world's commercial aircraft engine market share (while GE Aerospace itself holds a further 14%).[7] GE Aerospace's main competitors in the engine market are Pratt & Whitney and Rolls-Royce.

The division operated under the name of General Electric Aircraft Engines (GEAE) until September 2005, and as GE Aviation until July 2022. In July 2022, GE Aviation changed its name to GE Aerospace[8] in a move executives say reflects the engine maker's intention to broaden its focus beyond aircraft engines. In April 2024, GE Aerospace became the only business line of the former General Electric conglomerate, after it had completed the divestiture of GE HealthCare and GE Vernova (its energy businesses division).[9]

  1. ^ "GE Aviation: History Archived 2013-10-04 at the Wayback Machine." GE Aviation website.
  2. ^ "GE Aviation: Facilities Archived 2011-10-19 at the Wayback Machine." GE Aviation website.
  3. ^ a b "2018 Annual Report" (PDF). Annualreports.com. Archived from the original (PDF) on 2019-04-14. Retrieved 2021-01-12.
  4. ^ Root, Al (April 2, 2024). "Today, General Electric Will Be No More—Sort of". Barron's. News Corp. Archived from the original on April 2, 2024.
  5. ^ Chesto, Jon (April 1, 2024). "GE's long life as giant industrial conglomerate enters new era, as company splits up on Tuesday". The Boston Globe. Archived from the original on April 1, 2024.
  6. ^ Mazein, Elodie (April 1, 2024). "Swan song for General Electric as it completes demerger". AFP. Archived from the original on April 2, 2024 – via Yahoo! News. The official finalization of the separation comes Tuesday, with General Electric disappearing in favor of GE Vernova, dealing with energy activities, and GE Aerospace, the new name of the late GE.
  7. ^ "Market share of the leading commercial aircraft engine manufacturers worldwide in 2020". Statista. May 2021. Retrieved 22 November 2023.
  8. ^ Cite error: The named reference Alcock 7/2022 was invoked but never defined (see the help page).
  9. ^ Scott, Sean. "GE Aviation, one of Greater Cincinnati's largest employers, to get new name". The Enquirer. Retrieved 2024-01-11.

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GE Aviation Systems (formerly Smiths Aerospace) is an American aerospace engineering, aircraft engine and aircraft parts manufacturer. Smiths Aerospace...

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Hartford, Connecticut. The company is a 50/50 joint venture between GE Aerospace and Pratt & Whitney, a subsidiary of RTX. Engine Alliance was established...

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Dowty Propellers

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propeller components for customers around the world. It is owned by GE Aerospace. The company was formed as Rotol Airscrews in 1937 by Rolls-Royce and...

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development by CFM International, a 50–50 joint venture between American GE Aerospace and French Safran Aircraft Engines. The engine is planned to support...

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