GE Aerospace(GE)

Leader

Cincinnati OH jet engine technology (NYSE: GE) at $38.7B 2024 revenue; 44,000+ commercial engines in service, LEAP powers 737 MAX/A320neo via CFM JV, 26.2% operating margins competing with Pratt & Whitney and Rolls-Royce.

Company Overview

About GE Aerospace

GE Aerospace is a Cincinnati, Ohio-based jet engine and aviation propulsion technology company — publicly traded on the New York Stock Exchange (NYSE: GE) as an S&P 500 Industrials component — designing, manufacturing, and servicing commercial and military aircraft engines through approximately 52,000 employees serving commercial airlines, defense agencies, and regional operators in 170+ countries. GE Aerospace became a standalone publicly traded company in April 2024 when General Electric completed its multi-year strategic separation — spinning off GE Vernova (energy transition) separately and retaining the aerospace and defense engine business as the pure-play GE Aerospace entity. In full year 2024 (its first year as a standalone company), GE Aerospace reported revenue of $38.7 billion, operating profit growth of 25%, and operating margin expansion to 26.2% — with Q4 2024 orders up 46%, Q4 revenue of $10.8 billion (+14%), and free cash flow growth exceeding 20%. CEO Larry Culp has led GE Aerospace through the conglomerate separation, maintaining LEAP engine production ramp for the Boeing 737 MAX and Airbus A320neo in partnership with CFM International (GE's 50/50 joint venture with Safran). GE Aerospace's total installed commercial engine base exceeds 44,000 engines, with a services backlog exceeding $150 billion — creating decades of recurring maintenance, repair, and overhaul (MRO) revenue.

Business Model & Competitive Advantage

GE Aerospace's engine services model generates the durable economics that distinguish aviation from commodity manufacturing: a LEAP-1B engine installed on a Boeing 737 MAX will fly for 25-30 years, requiring shop visits every 5-7 years that generate $3-7 million per event in GE services revenue — from the original $15 million engine sale. The installed base of 44,000+ commercial engines creates an annuity of MRO demand that grows with flight hours (as post-COVID air travel recovery drives utilization back to 2019 levels and beyond). CFM International's dominance in the narrowbody market — CFM56 powering 737NG/A320ceo and LEAP powering 737 MAX/A320neo — means GE has engines on approximately half of all commercial aircraft flying globally, creating MRO demand that is insulated from new aircraft program risk. Military programs (F110 for F-16, T700 for Black Hawk/Apache, GE9X for B-52 re-engine, F414 for F/A-18 Super Hornet) provide defense revenue diversification.

Competitive Landscape 2025–2026

In 2025, GE Aerospace competes in commercial and military aircraft propulsion against Pratt & Whitney (NYSE: RTX's Collins Aerospace/Pratt segment, GTF engine for A220/A320neo family) and Rolls-Royce (LSE: RR, Trent engines for wide-body aircraft) for engine platform selection on new aircraft programs, MRO contract capture, and military engine procurement. The CFM RISE (Revolutionary Innovation for Sustainable Engines) open-fan architecture program — targeting 20% fuel burn improvement versus LEAP by 2035 — positions CFM International for the next narrowbody re-engine cycle when Boeing and Airbus launch their Boeing 797 and A320 successor programs. The 2025 strategy focuses on executing LEAP production ramp to meet 737 MAX and A320neo delivery backlogs (Boeing and Airbus have 10,000+ narrowbody aircraft on order), growing services revenue from the expanding installed base, and advancing the RISE open-fan technology for mid-2030s entry into service.

Founded
1892
Headquarters
Schenectady, New York, United States
Revenue
$38700M
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The GE Aerospace Story

Founded in 1892
Schenectady, New York, United States
Founded by Thomas Edison, J.P. Morgan and 1 other

Founders

Thomas EdisonJ.P. MorganCharles Coffin
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Company Timeline

Major milestones in GE Aerospace's journey

15
Total Events
0
Funding Rounds
1
Acquisitions
3
Product Launches
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Leadership Team

Meet the leaders behind GE Aerospace

H. Lawrence Culp, Jr.

Chairman & Chief Executive Officer

Larry Culp joined the GE Board of Directors in April 2018 and was appointed CEO of GE in October 2018, becoming the first outsider to lead the company. He assumed the role of CEO of GE Aerospace in June 2022 and became Chairman & CEO when GE Aerospace launched as an independent public company in April 2024. His employment agreement was extended through December 31, 2027. Prior to GE, Culp served as CEO of Danaher Corporation for 14 years.

Rahul Ghai

Senior Vice President & Chief Financial Officer

Rahul Ghai serves as SVP and CFO for GE Aerospace, responsible for leading the global finance organization including accounting, financial planning and analysis, tax, investor relations, internal audit, and treasury. He joined the company in a key financial leadership role and brings extensive experience in corporate finance and strategic planning.

Patrick de Castelbajac

Chief Strategy Officer

Named to his role in June 2024, Patrick de Castelbajac is responsible for leading enterprisewide strategic planning while positioning GE Aerospace for long-term growth and value creation. He guides the company's approach to market opportunities, competitive positioning, and strategic investments.

Tara DiJulio

Senior Vice President & Chief Corporate Affairs Officer

Tara DiJulio is responsible for promoting and protecting the GE Aerospace brand and ensuring the company has a strategic and aligned communications approach across key stakeholders. She oversees corporate communications, government relations, and public affairs.

Russell Stokes

President & CEO, Commercial Engines and Services

Russell Stokes leads GE Aerospace's commercial aviation business, overseeing the development, production, and aftermarket support of the world's most advanced commercial jet engines including the LEAP, GE9X, and GEnx engine families.

Amy Gowder

President & CEO, Defense and Systems

Amy Gowder leads GE Aerospace's defense and systems business segment, responsible for military engine programs and defense contracts including the T700 engine family and other critical military propulsion systems.

Mohamed Ali

Vice President, Engineering

Mohamed Ali leads GE Aerospace's engineering organization, overseeing product development, advanced technologies, and innovation programs. In January 2025, engineering and supply chain teams were integrated into one organization called Technology & Operations under his leadership.

Riccardo Procacci

President & CEO, Propulsion and Additive Technologies

Riccardo Procacci leads the propulsion and additive manufacturing business, driving innovation in 3D printing technologies and advanced materials including ceramic matrix composites that are transforming engine design and performance.

Open Positions

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Key Differentiators

Market Leader

GE Aerospace is recognized as a market leader in the Manufacturing sector, demonstrating strong industry presence and customer trust.

Enterprise Scale

With $38700M in revenue, GE Aerospace operates at enterprise scale with proven market validation.

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