General Electric Company (GE) has recently undergone significant structural changes. Notably, its aerospace division was launched as a standalone public company after GE completed its breakup into three distinct entities. During this transition, GE Vernova has been invigorating the organization with impressive growth, sparking a $96 million expansion at the Niskayuna research complex. GE Aerospace has recently secured significant orders and plans a $7 billion buyback, boosted by a thriving demand in its jet engine business, causing its shares to soar over 86%. The company also announced improved profit outlooks due to strength in its order book. However, it hasn't been all positive; GE is facing some challenges with layoffs and lawsuits. Additionally, GE's efforts in renewable energy have been mixed, with the company recently taking a sizable hit to its offshore wind business. Despite the hurdles, the company remains active in its industry, securing lucrative government contracts and investing heavily in communities and digital transformation technologies, such as AI-based software for industrial sustainability and operations.
General Electric Company GE News Analytics from Wed, 22 Feb 2017 08:00:00 GMT to Thu, 15 May 2025 07:00:00 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -1
