The labor force at two of GE's Aerospace's facilities have participated in strikes, causing unrest amongst union workers. Despite this, GE Aerospace has raised its full-year guidance based on an anticipated recovery of the aviation sector. GE's notable Silicon Carbide collaboration may mark a critical juncture for its power device ambitions as it plans a massive $3B investment. GE Appliances are departing from Mexico as core operations persist.
Amongst significant shifts, GE has also resolved a securities class action for over $362 million and commenced a two-part High-Grade Bond sale. Other noticeable moves include the proposed sales of sustainment services for F-35s to Poland and exploring the sale of Proficy software unit. Meanwhile, a revival of GE Vernova is ongoing, showed by impactful growth and ambitious expansion plans at Niskayuna research complex totaling $96 million. However, GE Vernova may cut 900 offshore Wind Jobs. GE's commitment to innovation is evident with advancements in industrial sustainability and operational goals through AI-based software.
In strategic decisions, GE Aerospace plans to invest almost $1B in US manufacturing and anticipates double-digit profit growth for 2025. The GE giant sees a significant change as it splits into three independent companies, leading to the launch of GE Aerospace as a public company. Consequently, GE was dropped from the Russell Top 200 Value Index.
Finally, foraying into the future, three planned public companies have new brand names, revealing GE's strategic, operational, and financial strength entering 2022.
General Electric Company GE News Analytics from Wed, 11 Jul 2018 07:00:00 GMT to Fri, 29 Aug 2025 10:18:10 GMT - Rating 2 - Innovation 8 - Information 7 - Rumor -1
