GE Aerospace

GE Aerospace (NYSE: GE) represents the aviation operations of the company formerly known as General Electric, which was a multinational industrial equipment and solutions company with a history of over 120 years. General Electric was subsequently divided into three separately listed public companies, as GE HealthCare was spun off in January 2023 and GE Vernova (energy and renewables operations) was spun off in April 2024, with the existing listing becoming GE Aerospace. GE Aerospace reported revenue of USD 31.7 billion in 2023. Moreover, the company reportedly had the fifth highest number of patents in the Aerospace and Defense sector, over 2002-22. 

GE Aerospace deals with both the design and production of engines, engine components, and electric power and mechanical aircraft systems (equipment) as well as aftermarket services to support its products (services). GE Aerospace offers its services to both the commercial and defense aircraft industries. 

In 2023, the US contributed ~42% of GE’s total revenue and constituted the company’s largest market, followed by Europe, and Asia, which held ~23% and ~18% each respectively. GE Aerospace expects its revenue to continue growing in high-single-digits to low-double-digits across 2028, and expects its operating profit to reach USD 10 billion by 2028 (from USD 6.1 billion in 2023).