Under the Radar: How is GE Aerospace doing one year on as a standalone company, and how is it navigating an uncertain operating environment?

Money Matters with Hongbin Jeong and Chua Tian Tian

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1d ago 26:02

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We’re taking you to the skies today as we explore the ins and outs of the aerospace industry with GE Aerospace, the maker of the engines powering Boeing and Airbus jets globally.

Fun fact, GE Aerospace used to be a subsidiary of General Electric – a conglomerate founded by Thomas Edison – the man who was credited with commercialising the good old light bulbs.

That was before GE was split into three separate companies namely GE Aerospace, GE Vernova (that’s the energy unit) and GE Healthcare in April 2024.

Back to GE Aerospace, the firm today is a world-leading provider of engines, as well as integrated systems for commercial, military, business and general aviation aircraft.

The company’s business can be generally split into two major verticals, namely (i) Commercial Engines & Services (CES) and (ii) Defense & Propulsion Technologies (DPT).

Its presence is felt all around the world and particularly so in the Asia Pacific region.

After all, the firm set foot in APAC over 40 years ago and now has a footprint in over 25 countries serving over 110 clients. The firm says over 3,800 engines made by GE Aerospace and its joint venture company CFM International engines power flights across the region.

But why are we speaking to GE Aerospace you might ask? Well, we want to find out how the firm is doing right now one year after it started operating as a standalone company and how it intends to navigate an uncertain operating environment in the near term.

Meanwhile, GE Aerospace had also in July 2024 announced plans to invest over US$1 billion over five years in its Maintenance, Repair and Overhaul (or MRO) and component repair facilities worldwide. But what was the rationale behind the move and what can we look forward to right here in Singapore?

On Under the Radar, Money Matters’ finance presenter Chua Tian Tian posed these questions to Iain Rodger, Managing Director, GE Aerospace Singapore.

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