GE Aerospace Takes Flight as Independent Public Company

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GE Aerospace has officially launched as an independent public company, marking a significant milestone in the aviation industry. Following the completion of the GE Vernova spin-off, GE Aerospace will trade on the New York Stock Exchange (NYSE) under the ticker symbol “GE”. The company’s inaugural trading day, April 2, 2024, will be commemorated with an opening bell ceremony at 9:30 a.m. ET, jointly hosted by GE Aerospace and GE Vernova.

GE Aerospace boasts an extensive global presence, with approximately 44,000 commercial engines and 26,000 military and defense engines worldwide. In 2023, the company reported approximately $32 billion in adjusted revenue, with 70% generated by services and engine aftermarket economics.

During the company’s Investor Day in March, GE Aerospace reaffirmed its 2024 guidance and outlined its long-term financial outlook, targeting approximately $10 billion in operating profit by 2028. The company also shared its capital allocation framework, prioritizing investments in growth and innovation while returning a significant portion of funds to shareholders.

The launch of GE Aerospace signifies the culmination of GE’s multi-year financial and operational transformation. Through strategic initiatives, including substantial debt reduction and a focus on lean operations, GE has strengthened its foundation and enabled the successful creation of three independent companies – GE HealthCare, GE Vernova, and now GE Aerospace – poised to carry forward GE’s legacy of innovation in their respective fields.