:

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

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]

Congress

Senate Appropriators Press On Supplemental’s Requests Beyond Iran Scope, Hegseth Urges Full Funding

Senate appropriators have pressed Pentagon leadership on the decision to include funds in the Iran war supplemental request for items beyond the current military operation, while Defense Secretary Pete Hegseth […]

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]