Description
General Electric Company, doing business as GE Aerospace, is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati. It is the legal successor to the original General Electric Company founded in 1892, which split into three separate companies between November 2021 and April 2024, adopting the trade name GE Aerospace after divesting its healthcare and energy divisions.
GE Aerospace both manufactures engines under its name and partners with other manufacturers to produce engines. CFM International, the world's leading supplier of aircraft engines and GE's most successful partnership, is a 50/50 joint venture with the French company Safran Aircraft Engines. As of 2020, CFM International holds 39% of the world's commercial aircraft engine market share (while GE Aerospace itself holds a further 14%). GE Aerospace's main competitors in the engine market are Pratt & Whitney and Rolls-Royce.
The division operated under the name of General Electric Aircraft Engines (GEAE) until September 2005, and as GE Aviation until July 2022. In July 2022, GE Aviation changed its name to GE Aerospace in a move executives say reflects the engine maker's intention to broaden its focus beyond aircraft engines. In April 2024, GE Aerospace became the only business line of the former General Electric conglomerate, after it had completed the divestiture of GE HealthCare and GE Vernova (its energy businesses division).
