:

Business/Financial

Aviation Business To Remain With GE As Corporate Giant Plans Breakup

By Cal Biesecker

Tuesday, November 9th, 2021

SHARE:

Aviation Business To Remain With GE As Corporate Giant Plans Breakup

H. Lawrence Culp, chairman and CEO of General Electric. Photo: General Electric

General Electric [GE] on Monday announced plans to split into three separate companies starting in two years with the $22 billion aviation business retaining the legacy parent name, allowing it to better focus on its commercial and military aircraft engine development and production programs. H. Lawrence Culp, chairman and CEO of GE, said the pending breakup is a "defining moment" for the $72 billion multi-industrial company that has a legacy dating back 125 years. Culp will continue to lead the…

Congress

With $1.5 Trillion Request, Army, Air Force, Navy’s Unfunded Lists Focus Solely On MILCON Projects

With the Trump administration’s push to massively increase defense spending to $1.5 trillion in fiscal year 2027, the Army, Air Force and Navy have eschewed submitting large unfunded priorities lists […]

Unmanned Systems

Bipartisan House Bill Would Give National Guard To Counter-Drone Authorities

Seeking to close gaps that may arise between state and local law enforcers in different jurisdictions, a bipartisan contingent of House members this week introduced a bill that would allow […]

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]