GE Aerospace CEO: we are ‘tremendously’ well positioned as a standalone business

We are “tremendously” well positioned for the foreseeable future, says Larry Culp – the chief executive of GE Aerospace.

GE Aerospace is a ‘global leader’

The chief executive is confident that his company will hit $10 billion in operating by 2028.

Advancing flight for future generations. Watch as @GE_Aerospace takes off for its listing on NYSE: $GE #WeAreGo pic.twitter.com/ECUXOmZJBg

— NYSE 🏛 (@NYSE) April 2, 2024

He’s bullish because $GE is a “global leader in propulsion in commercial and military applications” and both of those segments are in a strong upcycle. CEO Culp made those remarks in an exclusive interview with CNBC on Tuesday.

Note that GE Aerospace reported $10.6 billion worth of total orders for the fourth quarter in January – up some 10% versus a year ago.

Its operating profit and revenue also increased significantly in Q4. Shares of the New York listed firm have gained close to 50% over the past twelve months.

GE Aerospace vs GE Vernova stock

On Tuesday, General Electric completed its three-way split as GE Vernova debuted on the New York Stock Exchange.

Watch here: https://www.youtube.com/embed/UDEH51Ilxkg?feature=oembed

CEO Larry Culp expects the “ramps that major airframers are looking to see through” to serve as a material benefit for GE Aerospace as a standalone business as well.

All in all, he’s convinced that the “best days are still very much ahead” for all three businesses that GE split into.

Crispus Nyaga – our market analyst, however, recommends that investors favour GE Aerospace stock over GE Vernova as the latter’s offshore wind business makes it trickier than the former that he sees as a more straightforward business (find out more).

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