- Business
- General Electric Company (NYSE: GE; Euronext Paris: GNE.PA), doing business as GE Aerospace, designs, manufactures and services commercial and military aircraft engines, integrated propulsion systems, turboprops and mechanical systems for aviation; it operates through segments including Commercial Engines & Services and Defense & Propulsion Technology, providing maintenance, repair, overhaul services and spare parts for jet engines used in commercial airframes, business aviation and aeroderivative applications. The company powers approximately three out of four commercial flights globally with around 44,000 commercial engines and 26,000 military engines in service. Headquartered in Boston, Massachusetts, and founded in 1892 through the merger of Edison General Electric and Thomson-Houston Electric Company, GE Aerospace conducts global operations serving airlines, defense customers and aviation manufacturers across North America, Europe, Asia and other regions.
In recent major changes, GE Aerospace completed a significant corporate restructuring in April 2024, spinning off its power and renewable energy businesses into GE Vernova Inc. (NYSE: GEV), which focuses on gas turbines, wind turbines, hydroelectric power, grid solutions and electrification equipment generating about 30% of the world's electricity; it also separated its healthcare division into GE HealthCare Technologies Inc. (NASDAQ: GEHC), serving over one billion patients annually with medical imaging and diagnostics. In October 2025, GE Vernova announced the acquisition of the remaining 50% stake in its Prolec GE joint venture from Xignux, enhancing its electrification segment's capabilities in grid equipment and transformers amid rising North American demand driven by data centers and policy support. These moves refocus GE Aerospace as a pure-play aviation leader with approximately $32 billion in annual revenue.