General Electric

What General Electric does

General Electric has completed its transformation into three standalone publicly traded companies following spin-offs completed in 2023-2024. GE Aerospace (NYSE: GE, ~$32B annual revenue) is a global aerospace propulsion leader with installed base of more than 44,000 commercial and 26,000 military aircraft engines, powering approximately 75% of global commercial flights. Core products include the GE9X (world's largest commercial engine with 134-inch fan for Boeing 777X), GEnx, GE90, and CFM LEAP (narrowbody engine via 50/50 Safran joint venture). Military engines include F110 and F414 powering fighter aircraft including F-16, F-15, F/A-18, and India's Tejas and AMCA programs.

GE Vernova (NYSE: GEV, ~$33B annual revenue) drives electrification and decarbonization with ~55,000 wind turbines (including Haliade-X 14MW offshore and 3.6-154 onshore), ~7,000 gas turbines, BWRX-300 small modular reactor, and GridOS software for grid orchestration. Equipment helps generate approximately 30% of world's electricity. GE HealthCare (NASDAQ: GEHC, ~$19B annual revenue) serves over 1 billion patients annually with 4M+ installed base equipment spanning medical imaging, diagnostics, and digital health.

The business model combines direct enterprise sales of capital equipment with high-margin aftermarket service networks (TrueChoice, OnPoint). Pricing is quote-based on multi-year contracts for major capital equipment. Distribution operates through dedicated sales teams to airlines, defense agencies (US Department of Defense, Turkey, India), utilities (Microsoft, Chevron, Pattern Energy), and healthcare providers. The company is incorporated in New York, USA, and led by Chairman and CEO H. Lawrence Culp, Jr. with Scott Strazik as CEO of GE Vernova and Peter Arduini as CEO of GE HealthCare.

Name

General Electric

Legal name

General Electric Company

Website

https://ge.com

Company type

Public

Founded year

1889

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

General Electric operates as three independent public companies (GE Aerospace, GE Vernova, GE HealthCare) following its 2023-2024 breakup, serving commercial aviation, defense, utilities, renewable energy developers, and healthcare providers with jet engines, power generation equipment, and medical technology globally.

Ownership category

akta.pro rank

Product category

Aerospace Propulsion and Industrial Equipment

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Aircraft Engines & Engine Parts (3724), Guided Missiles & Space Vehicles & Parts (3760), Engines & Turbines (3510), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Engine Modules & Hot-Section Components (Compressors/Turbines/Combustors) (IMABADAJ)

akta.pro secondary industries

Military Aerospace Engines & Propulsion (IMABAMAD), Engine Control, Fuel & Ignition Systems (FADEC/Accessories) (IMABADAK), Electric & Hybrid-Electric Propulsion (eVTOL/Regional) (IMABADAH)

Keywords

• Aerospace propulsion
• Power generation equipment
• Wind turbines
• Medical imaging systems
• Grid solutions software

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. GE Aerospace - Propulsion and Systems: Revenue from jet engines, components, and systems for commercial and military aircraft. Includes original equipment sales and aftermarket services through a global service network. GE Aerospace and its joint ventures have an installed base of more than 40,000 commercial and 26,000 military aircraft engines.
2. GE Aerospace - Aftermarket Services: Services including TrueChoice Commercial Services, TRUEngine, On Wing Support, OnPoint Regional & Business Services, Engine Maintenance Technologies, Test Services, and Engine Health Monitoring.
3. GE Vernova - Energy Portfolio: Revenue from power generation (gas, hydro, nuclear, steam turbines), renewable energy (wind turbines), electrification solutions (grid software, power conversion), and financial services. Helps generate approximately 30% of world's electricity.
4. GE Vernova - Energy Services: Aftermarket services for energy equipment including maintenance, upgrades, and operational support for gas turbines, wind turbines, and grid infrastructure.
5. GE HealthCare - Medical Technology: Revenue from medical technology, pharmaceutical diagnostics, and digital solutions. Serves over 1 billion patients annually with over 4 million installed base equipment units.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

General Electric, following the spin-offs of GE HealthCare and GE Vernova, operates as GE Aerospace — a global manufacturer of jet engines, propulsion systems, components, and aftermarket services for commercial and military aircraft. The broader GE enterprise encompasses GE Aerospace (NYSE: GE), GE Vernova (NYSE: GEV) for power generation, wind, nuclear, and grid solutions, and GE HealthCare (NASDAQ: GEHC) for medical technology and diagnostics, collectively producing jet engines, gas and steam turbines, wind turbines, small modular reactors, grid software, and medical imaging systems.

Product overview

General Electric operates as three standalone publicly traded companies following complete corporate transformation: GE Aerospace (NYSE: GE, ~$32B annual revenue) provides aerospace propulsion, services and systems with over 44,000 commercial and 26,000 military engines powering 75% of global commercial flights; GE Vernova (~$33B annual revenue) drives electrification and decarbonization with ~55,000 wind turbines and ~7,000 gas turbines generating ~30% of world's electricity; and GE HealthCare (~$19B annual revenue) delivers medical technology, pharmaceutical diagnostics and digital solutions serving 1B+ patients annually. The product portfolio spans commercial aircraft engines (GEnx, GE9X, GE90, CFM LEAP), military engines (F110, F414, T700, T901), offshore/onshore wind turbines (Haliade-X, 3.6-154), nuclear technology (BWRX-300 SMR), smart grid software (GridOS), avionics systems, and comprehensive aftermarket services (TrueChoice).

Differentiator

Problem solved

Functional benefit

Brands

• GE Appliances: Appliances business now owned by Haier company
• GE Lighting
• CYNC
• Avio Aero
• Colibrium Additive
• Dowty Propellers
• Unison

Products and services

• GEnx Commercial Engine Widebody commercial aircraft engine powering the Boeing 787 Dreamliner and 747-8, sold to commercial airlines through enterprise sales.
• GE9X Commercial Engine World's largest and most powerful commercial aircraft engine with a 134-inch fan diameter, powering the Boeing 777X.
• CFM LEAP Engine Next-generation narrowbody engine produced by CFM International (50/50 GE and Safran joint venture) powering the Airbus A320neo and Boeing 737 MAX, offering approximately 15% better fuel efficiency than the previous generation.
• GE90 Engine High-bypass turbofan engine powering Boeing 777 aircraft, one of the world's largest and most powerful jet engines.
• F110 Military Engine Military combat/fighter engine powering F-16, F-15, and F-14 aircraft, sold to government defense departments and prime contractors.
• F414 Military Engine Combat/trainer engine powering the F/A-18 Super Hornet, Gripen, and India's Tejas and AMCA fighter programs, sold to defense ministries.
• Haliade-X Offshore Wind Turbine 13/14 MW offshore wind turbine, one of the world's most powerful, sold to wind farm developers and utilities for projects including Dogger Bank Wind Farm.
• BWRX-300 Small Modular Reactor Standardized small modular reactor (SMR) designed for carbon-free electricity generation, developed by GE Hitachi Nuclear Energy, being deployed in Canada, Poland, and the United States.
• GridOS Software Comprehensive software portfolio sold to electric utilities to orchestrate grid management and integrate distributed energy resources and renewables.
• TrueChoice Services Aftermarket services portfolio for commercial and defense aircraft engines including maintenance, repair, overhaul, and engine health monitoring.
• Grid Solutions Electrification systems business providing power transformers and grid equipment for electricity generation, transmission, and distribution sold to utilities and grid operators.
• Avionics Systems Aerospace avionics and electronic systems for commercial and military aircraft sold to OEMs and defense customers.
• 3.6-154 Onshore Wind Turbine Onshore wind turbine with 154-meter rotor diameter and 3.6 MW capacity, deployed in large-scale wind farms such as the SunZia project in the Western Hemisphere.

Quantifiable outcome

• 3 out of 4 commercial flights globally powered by GE
• +4 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature9 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Microsoft and ChevroncoreStrategic or Co-development Partner · 22 June 2026Microsoft and Chevron signed a 20-year power purchase agreement for the Kilby project, a 2.67GW power generation facility in West Texas using General Electric's NovaLT and Solar Turbines technology. Final investment decision expected by end of 2026 with first power delivery by 2028.
• Venezuela GovernmentcoreStrategic or Co-development Partner · 16 June 2026Venezuela's interim government signed an agreement with GE Vernova to rebuild the country's deteriorating electricity grid. Targets include recovering 1,000 megawatts within 24 months and 5,000 megawatts within four years. Deal marks significant opening of Venezuela's economy to US investors.
• Advent InternationalcoreStrategic or Co-development Partner · 4 June 2026Advent International completed an eight-year transformation of General Electric's Distributed Power business into an independent energy solutions leader under the INNIO brand, culminating in INNIO's listing on Nasdaq on June 4, 2026. INNIO generates approximately $2.6 billion in revenue and $549 million in adjusted EBITDA.
• MicrosoftcoreStrategic or Co-development Partner · 1 June 2026General Electric expanded its board by electing Microsoft commercial business CEO Judson Althoff as an independent director. Additionally, GE Aerospace signed a Memorandum of Understanding with Wolfspeed Inc. to collaborate on high-voltage silicon carbide technology for industrial, aerospace, and defense markets.
• WolfspeedcoreTechnology or Integration · 1 June 2026GE Aerospace entered into a Memorandum of Understanding with Wolfspeed Inc. to collaborate on high-voltage silicon carbide technology for industrial, aerospace, and defense markets.
• Starfighters SpaceminorStrategic or Co-development Partner · 1 June 2026GE Aerospace supported Starfighters Space's STARLAUNCH 1 design review, reinforcing GE's strategy to expand its role in space-aerospace markets.
• GE Hitachi Nuclear Energy Partners (Canada, Poland, United States)coreStrategic or Co-development Partner · 1 January 2023GE Hitachi Nuclear Energy signed agreements with companies in Canada, Poland, and the United States to advance the development and deployment of the BWRX-300 small modular reactor and bring them online by end of decade.
• NASAcoreStrategic or Co-development Partner · 1 January 2023GE Aerospace became the first to successfully test high-power, high-voltage hybrid electric aircraft engine components at high-altitude conditions at a NASA facility. Boeing, NASA, and GE Aerospace are teamed on the Electrified Powertrain Flight Demonstration (EPFD) project for hybrid electric commercial flight.
• Baker Hughes (Nexus Controls)coreStrategic or Co-development Partner · 7 July 2022GE Gas Power planned to acquire Nexus Controls from Baker Hughes to enhance lifecycle controls strategy and customer value in the power generation sector. The acquisition aimed to develop GE's proprietary controls platform and streamline control system services, expected to close in Q2 2023.
• U.S. Department of EnergycoreStrategic or Co-development Partner · 31 May 2022GE received a $13 million federal grant to develop hydrogen power equipment. Funds allocated to GE Research in Niskayuna and GE Gas Power in Greenville, South Carolina, focusing on efficiency and emissions reduction with hydrogen fuel for turbines.

Scale indicators16 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Pratt & Whitney (RTX): Direct competitor to GE Aerospace in commercial and military jet engines (PW1000G GTF for A320neo, F135 for F-35). Competes head-to-head on next-generation narrowbody platforms and military fighter engines.
• Rolls-Royce Holdings: Direct peer in large commercial engines (Trent series for A350, 787, 777) and military engines (EJ200 for Eurofighter, AE 2100 for naval/military). Competes with GE on widebody engine selections and defense platforms.
• Safran: 50/50 JV partner in CFM International (LEAP/CFM56) and a direct competitor on engine components and propulsion. Serves the same narrowbody and military customers as GE Aerospace.
• Honeywell Aerospace: Competing supplier of avionics, engine systems/APUs, and propulsion accessories for commercial and military aircraft. Comparable installed base of turbine engines and aftermarket services revenue model.
• Collins Aerospace (RTX): Direct competitor in aerospace systems including avionics, flight controls, and propulsion subsystems. Comparable customer base (Boeing, Airbus, US DoD) and aftermarket services revenue model.

Broad incumbents

• Mitsubishi Heavy Industries: Aerospace engine (PW4000, MRJ/spacejet work) and power-generation (gas/steam turbines) player with comparable portfolio breadth to GE Aerospace and GE Vernova combined. Competes in regional jet engines and large-scale turbomachinery.
• Siemens Energy: Direct peer to GE Vernova in gas turbines, grid technologies, and wind (via Siemens Gamesa legacy). Competes on utility-scale generation equipment and grid modernization software.
• TransDigm Group: Aerospace components and systems supplier with a high-margin proprietary parts business model similar to GE Aerospace's aftermarket services economics. Competes in engine accessories and avionics subsystems.

Emerging players

• Vestas Wind Systems: Leading onshore and offshore wind turbine manufacturer and direct competitor to GE Vernova's wind segment. Comparable technology platform and utility-scale customer base.
• IHI Corporation: Aerospace engine component supplier (e.g., PW1100G parts) and aerospace systems provider. Comparable role as a tier-1 propulsion supplier in Japan with military and commercial aerospace exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/generalelectric
• YouTubeyoutube.com/@GEAerospace
• LinkedInlinkedin.com/company/ge
• Instagraminstagram.com/ge_aerospace
• Facebookfacebook.com/ge

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds8 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A35 records

Investments46 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about General Electric