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Business/Financial

Aviation Business To Remain With GE As Corporate Giant Plans Breakup

By Cal Biesecker

Tuesday, November 9th, 2021

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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…

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