GE Asset Management

Industrial Manufacturing and Aerospacege.com

General Electric, now operating as GE Aerospace (NYSE: GE), is an aerospace propulsion and systems manufacturer and the parent of three independent public companies — GE Aerospace, GE Vernova, and GE HealthCare — serving commercial airlines, militaries, utilities, and hospitals globally.

Company typePublic
Founded1889
HeadquartersStamford, United States
Headcount5,001–10,000
GTM typeB2B
OfferingHardware or Manufacturing

What GE Asset Management does

General Electric, originally founded in 1889 by Thomas A. Edison and publicly traded on the NYSE since 1896, completed a multi-year corporate restructuring in 2024 and now operates as GE Aerospace (NYSE: GE), a global aerospace propulsion and systems leader with ~$32B in annual revenue and 52,000+ employees. The aerospace franchise designs and manufactures commercial engines (GEnx, GE90, GE9X, CF6, CFM LEAP, CFM56) and military engines (F110, F404, F414, T408, T700, T901), avionics (EAFR, ELMS, BUG/BUC, CCS), and a comprehensive TrueChoice services portfolio including TRUEngine, On Wing Support, OnPoint, Engine Health Monitoring, and additive-manufacturing capabilities via Colibrium Additive, with ~44,000 commercial and ~26,000 military engines installed globally.

The two sibling companies spun out of GE — GE Vernova (NYSE: GEV, ~$33B revenue) and GE HealthCare (NASDAQ: GEHC, ~$19B revenue) — together contribute the remaining ~$52B of the legacy GE revenue base. GE Vernova spans gas turbines (HA-class, H-class), hydro and steam turbines, the Haliade-X 14-MW offshore wind turbine and 3.6-154 onshore turbine, the BWRX-300 small modular reactor, and grid software (GridOS, CERius) supporting ~30% of the world's electricity. GE HealthCare provides precision-care medical technology including PET/CT scanners (Discovery 610/710, Discovery MI, Discovery IQ) and serves 1B+ patients annually across a 4M+ equipment installed base.

Revenue mechanics are anchored in capital equipment sales (engines, turbines, imaging systems, wind turbines) plus a high-margin aftermarket stream — engine services, turbine maintenance, and software/grid services — leveraging the global installed base. The company sells to commercial airlines and lessors, defense ministries and primes, electric utilities, and hospitals/clinics worldwide, with operating geographies spanning the USA, India, and other global markets.

GE Asset Management firmographics

Firmographics

Name: GE Asset Management
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, now operating as GE Aerospace (NYSE: GE), is an aerospace propulsion and systems manufacturer and the parent of three independent public companies — GE Aerospace, GE Vernova, and GE HealthCare — serving commercial airlines, militaries, utilities, and hospitals globally.
Ownership category
akta.pro rank

GE Asset Management industry classification

Industry

Product category: Industrial Manufacturing and Aerospace
NAICS: Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Turbine and Turbine Generator Set Units Manufacturing (333611), Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415)
SIC: Aircraft Engines & Engine Parts (3724), Aircraft & Parts (3720), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)
akta.pro primary industry: Engine Control, Fuel & Ignition Systems (FADEC/Accessories) (IMABADAK)
akta.pro secondary industries: Parts Distribution & Spares Management (Aftermarket) (IMABALAK), Wind Turbine OEM Manufacturing (Nacelles, Drivetrains, Generators) (EUAMAHAD)

Keywords

Aerospace propulsion
Power generation
Medical imaging
Wind turbines
Gas turbines

Where GE Asset Management is headquartered

Location

Headquarters

HQ city: Stamford
HQ country: United States
HQ region: North America

Markets served

GE Asset Management business model

Business model

GTM type: B2B
Offering type: Hardware or Manufacturing
Cost components: Supply Chain, Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

GE Asset Management product offering

Product offering

Core offering

Following the 2023-2024 spin-offs of GE HealthCare and GE Vernova, the residual GE entity operates as GE Aerospace, a global aerospace propulsion and systems manufacturer. The broader GE portfolio spans commercial and military jet engines, avionics, power generation equipment (gas, hydro, nuclear, wind turbines), grid solutions software, and medical imaging systems.

Product overview

GE Asset Management operates through three independent public companies following the completion of GE's transformation: GE Aerospace (NYSE: GE, ~$32B annual revenue, 52,000+ employees), GE Vernova (NYSE: GEV, ~$33B annual revenue), and GE HealthCare (NASDAQ: GEHC, ~$19B annual revenue). The portfolio spans aerospace propulsion (commercial and military engines, avionics, services), energy (gas/hydro/nuclear/steam turbines, onshore/offshore wind, grid solutions, hydrogen-capable turbines, direct air capture, flexible transformers), and healthcare technology (medical imaging including PET/CT scanners, precision care solutions). Key software products include GridOS for grid orchestration and CERius for emissions management with AI capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

Commercial Aircraft Engines

Companies that use GE Asset Management

Customer profile

Ideal customer profiles4 records

GE Asset Management technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

GE Asset Management partnerships and signals

Strategic signal

Recent moves9 records

Expansion highlights5 records

GE Asset Management competitors and assessment

Company assessment

Direct peers

Safran: Safran is GE Aerospace's 50/50 partner in CFM International (LEAP and CFM56) and a leader in aircraft propulsion, equipment, and defense. As both JV partner and competitor via its Snecma/M88 product lines, Safran is uniquely comparable in commercial engine after-market and military propulsion.
Pratt & Whitney (RTX): Pratt & Whitney, a subsidiary of RTX, is the most direct competitor to GE Aerospace in large commercial and military aircraft engines (GTF, V2500, F119, F135). Competes head-to-head with GE's CFM LEAP JV and military propulsion franchises across narrowbody and fighter platforms.
Rolls-Royce: Rolls-Royce plc is a leading manufacturer of large turbofan engines for widebody airliners (Trent series) and is expanding into narrowbody propulsion. Directly competes with GE Aerospace's GEnx and GE9X platforms and is a co-member in several engine programs.

Broad incumbents

Mitsubishi Heavy Industries: Mitsubishi Heavy Industries manufactures large gas turbines, steam turbines, jet engines, and ships, and partners with Siemens Energy in the PWPS venture for heavy-duty gas turbines. Comparable as a diversified industrial and propulsion OEM that competes with both GE Aerospace and former GE Vernova product lines.
Honeywell Aerospace: Honeywell provides avionics, propulsion subsystems (TFE731, HTF7000 business jets), and extensive aerospace systems. While not a direct competitor on large turbofans, Honeywell supplies complementary flight systems and competes in business aviation propulsion adjacent to GE Aerospace's Catalyst/Passport lines.
RTX Corporation (Raytheon): RTX is the parent of Pratt & Whitney, Collins Aerospace, and Raytheon, covering propulsion, avionics, and military systems. As a broad incumbent across nearly every GE Aerospace domain (commercial engines, military propulsion, avionics), RTX is a natural peer benchmark for scale and portfolio breadth.
Siemens Energy: Siemens Energy manufactures gas and wind turbines, grid technology, and associated services, competing across the full GE Vernova portfolio. Comparable as a broad industrial-energy incumbent addressing many of the same end markets GE historically served through its Power and Wind businesses.

Others

GE Vernova: GE Vernova is a former GE operating subsidiary that was spun off in April 2024 into a standalone public company focused on power generation equipment and grid solutions. Relevant as a former affiliate for understanding GE Aerospace's pre-restructuring portfolio.
Boeing: Boeing is a key OEM customer for GE Aerospace's GEnx, GE9X, and other platforms, and a partner in the EPFD hybrid-electric flight demonstration. While not a propulsion competitor, Boeing's commercial aircraft fortunes directly drive GE Aerospace's engine program economics.
Avio Aero (GE Aerospace JV): Avio Aero is GE Aerospace's Italian propulsion subsidiary focused on components and low-pressure turbines for GE and partner engines. An internal affiliate and therefore an adjacent entity useful for understanding GE Aerospace's vertical integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

GE Asset Management financial estimates

Financial estimate

Revenue estimate

Valuation estimate

GE Asset Management leadership team

Management profile

Number of profiles

Profiles3 records

GE Asset Management subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

GE Asset Management funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

GE Asset Management M&A and investment

M&A and investment

M&A

Investments9 records

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

Frequently asked questions about GE Asset Management

What does GE Asset Management do?

Is GE Asset Management a public or private company?

GE Asset Management is a public company. It is classified as public and is currently operating.

When was GE Asset Management founded?

GE Asset Management was founded in 1889. It employs 5,001 to 10,000 people.

Where is GE Asset Management based?

GE Asset Management is headquartered in Stamford, United States, in the North America region.

Who are GE Asset Management's main competitors?

Direct peers on record are Safran, Pratt & Whitney (RTX) and Rolls-Royce. Broad incumbents are Mitsubishi Heavy Industries, Honeywell Aerospace, RTX Corporation (Raytheon) and Siemens Energy. Others are GE Vernova, Boeing and Avio Aero (GE Aerospace JV).

Does GE Asset Management have an API?

No public API is recorded for GE Asset Management.

What industry is GE Asset Management in?

GE Asset Management's product category is Industrial Manufacturing and Aerospace. Its primary akta.pro industry code is IMABADAK, Engine Control, Fuel & Ignition Systems (FADEC/Accessories), with a secondary code of IMABALAK, Parts Distribution & Spares Management (Aftermarket). Its NAICS code is 3336 and its SIC code is 3724.