GENERAL ELECTRIC CO (GE)

GE Aerospace (General Electric Company) is a global aerospace company that designs, develops, manufactures and services jet engines and related systems for commercial and defense customers. It describes its installed base as roughly 50,000 commercial and 30,000 military engines, the industry's largest and growing commercial propulsion fleet. That base supports an aftermarket services business that represents about 70% of revenue. The company runs on a proprietary lean operating model called FLIGHT DECK, which prioritizes safety, quality, delivery and cost. It also retains some legacy operations from its former financial services business, including run-off insurance, a mortgage portfolio in Poland (Bank BPH) and certain U.S. tax equity investments.

The company has two reportable segments. Commercial Engines & Services (about 73% of 2025 revenue, 75% of it from services) makes and services engines for narrowbody, widebody, regional and business aircraft, plus aeroderivative applications. Its services include maintenance, repair and overhaul (MRO), spare parts, and long-term service, spare parts and time-and-material agreements. Key platforms include LEAP, CFM56, CF6, GE90, GEnx and GE9X, many of them through CFM International, a 50-50 joint venture with Safran Aircraft Engines. The CFM RISE program is developing Open Fan, compact core and hybrid electric technologies. Defense & Propulsion Technologies (about 23% of revenue, 51% of it from services) includes Defense & Systems and Propulsion & Additive Technologies. Defense & Systems provides combat, rotorcraft and marine engines (F110, F404, F414, T408, T700, T901, LM2500) as well as avionics and power systems. Propulsion & Additive Technologies, under the Avio Aero, Unison, Dowty Propellers and Colibrium Additive brands, supplies turboprop engines, transmissions, turbines, combustors, controls, propellers, sensors and additive manufacturing.

Customers in approximately 120 countries include airframers such as Boeing and Airbus, airlines, third-party MRO shops, and governments, militaries, shipyards and government agencies. The U.S. government is the primary source of customer-funded R&D, and Avio Aero is the propulsion partner to the Italian Ministry of Defence. Demand tends to follow commercial air travel and freight and government defense funding. R&D spending in 2025 totaled $2,989 million, of which $1,580 million was funded by the company.

Manufacturing and service operations run at 70 facilities in 23 U.S. states and Puerto Rico (24 owned) and 62 facilities in 23 other countries (30 owned). The company employed about 57,000 people at the end of 2025, about 30,000 of them in the U.S. It relies on a complex global supply chain, including some limited- or sole-source suppliers, and operates in a supply-constrained environment. It competes with other global engine manufacturers and third-party MRO shops, and in defense against U.S. and non-U.S. companies for government contracts. Its operations are regulated by bodies such as the FAA and EASA, as well as export control, government contracting and environmental rules. Its principal executive offices are in Evendale, Ohio, with additional executive offices in Washington, DC and Norwalk, CT.