General Electric (GE) continues to navigate the shifting business landscape following its split into three distinct entities, including
GE Aerospace, which had a prominent presence at the 2024 Farnborough Airshow. The recent structural change in the company has impacted GE's stock price, yielding unsteady market response despite its incorporation into the S&P Aerospace & Defense Index and reports of higher revenues. Chicago-based
Vulcan Value Partners divested from GE, while
Anchor Investment Management LLC downsized its stake. However, against this backdrop, institutional investors own a major share in the company.
GE Vernova has unveiled new AI-based software aimed at propelling industrial sustainability and operations. The company, due to be publicly launched in April, has been selected for the UK Future Nuclear Enabling Fund.
GE Aerospace intends to expand its engine repair center near DFW International Airport, buoyed by a strong Aero market. The company is also eyeing a robust profit forecast for 2024 despite supply-chain impediments. Still, attention remains focused on how
GE CEO Larry Culp navigates the complexities of this transition.
General Electric Company GE News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Sat, 05 Oct 2024 13:08:22 GMT -
Rating 0
- Innovation -5
- Information 7
- Rumor -3
