, which will own the company's trademark and provide long-term licenses to the other companies. GE's aviation business encompasses 39,400 commercial and 26,200 military aircraft engines.
GE will spin off its healthcare business in early 2023 and portfolio of energy businesses in early 2024 before turning into the aviation-focused GE Aerospace. "Leveraging GE’s multi billion-dollar global brand gives us a competitive advantage in our end markets, allowing these businesses to win in the future," chair and CEO Larry Culp said in a statement. "Built on a foundation of lean and innovation, these brands will continue our mission of building a world that works and provide our customers with an important reminder of the strengths they value in GE.
GE first announced the split in November 2021. At the time, the company said it expected to incur one-time separation, transition, and operational costs of approximately $2 billion related to the split.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Truly imaginative names… not.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GE Reveals New Company Names as It Approaches Historic SplitThe resulting businesses will be named GE HealthCare, GE Aerospace and GE Vernova.
Source: nbcchicago - 🏆 545. / 51 Read more »
GE reveals identity of 3 companies after historic splitThe split is the culmination of years of paring by the massive American conglomerate that signaled a shift away from a corporate structure that dominated U.S. business for decades. Another identity reveal?
Source: AKNewsNow - 🏆 460. / 53 Read more »
GE reveals identity of 3 companies after historic splitGeneral Electric on Monday revealed the names of the three companies that will operate on their own after the historic split of the one-time conglomerate, including a mashup of words that will make up the name of the new energy company. Support Beto O'Rourke for Governor of Texas Dem gunsense, not GOP nonsense Protect Women's Rights Protect Minority Rights Protect Voting Rights
Source: FOX4 - 🏆 289. / 63 Read more »
GE Reveals New Company Names as It Approaches Historic SplitThe resulting businesses will be named GE HealthCare, GE Aerospace and GE Vernova.
Source: nbcchicago - 🏆 545. / 51 Read more »
GE reveals identity of 3 companies after historic splitGeneral Electric on Monday revealed the names of the three companies that will operate on their own after the historic split of the one-time conglomerate, including a mashup of words that will make up the name of the new energy company. Support Beto O'Rourke for Governor of Texas Dem gunsense, not GOP nonsense Protect Women's Rights Protect Minority Rights Protect Voting Rights
Source: FOX4 - 🏆 289. / 63 Read more »