_ge-aerospace-spins-off-as-standalone-company-expects-billions-in-profits-and-job-growth.jpg "GE Aerospace Spins Off as Standalone Company, Expects Billions in Profits and Job Growth from live plant sale Video Screenshot Preview")
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✓ Published: 04-Apr-2024
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✓ Published: 04-Apr-2024
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GE Aerospace, formerly GE Aviation, has spun off as a separate company based in Evendale, Ohio. The spinoff is part of General Electric's breakup of its industrial conglomerate into multiple standalone businesses. GE Aerospace expects over $6 billion in annual profits, growing to as much as $10 billion by 2028. The company is investing over $100 million in its Evendale plant, employing around 9,000 local workers. The UAW local president welcomed the opportunities for expanded employment and manufacturing at the Evendale site.
GE Aerospace, formerly GE Aviation, has spun off as a separate company based in Evendale, Ohio. The spinoff is part of General Electric's breakup of its industrial conglomerate into multiple standalone businesses. GE Aerospace expects over $6 billion in annual profits, growing to as much as $10 billion by 2028. The company is investing over $100 million in its Evendale plant, employing around 9,000 local workers. The UAW local president welcomed the opportunities for expanded employment and manufacturing at the Evendale site.
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