GE Aerospace

For the 1960s incarnation of General Electric's aerospace division, see GE Aerospace (1960s).
General Electric Company
GE Aerospace
Formerly
  • Aircraft Gas Turbine Division
  • General Electric Aircraft Engines
  • GE Aviation
Company typePublic
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]
Increase US$6.2 billion (2024)[3]
Number of employees
52,000 (2024)[4]
Subsidiaries
Websitegeaerospace.com

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 and energy divisions.[6][7]

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%).[8] 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[9] 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).[10]

  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. ^ "GE Aerospace to hire more than 900 engineers this year". GE Aerospace. Retrieved 8 August 2024.
  5. ^ 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.
  6. ^ 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.
  7. ^ 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.
  8. ^ "Market share of the leading commercial aircraft engine manufacturers worldwide in 2020". Statista. May 2021. Retrieved 22 November 2023.
  9. ^ Cite error: The named reference Alcock 7/2022 was invoked but never defined (see the help page).
  10. ^ Scott, Sean. "GE Aviation, one of Greater Cincinnati's largest employers, to get new name". The Enquirer. Retrieved 2024-01-11.