General Electric splits into three companies: GE Aerospace, GE Energy, and GE Healthcare.
General Electric (GE) has split into three separate companies, concluding CEO Larry Culp's transformation process. The new companies are GE Aerospace and GE Energy, both trading on the New York Stock Exchange, and GE Healthcare, already trading on the Nasdaq. GE's breakup follows a series of crises, including the 2008 financial crisis, which led to the company losing its place in the Dow Jones Industrial Average in 2018. The split allows the companies to focus on their respective industries, with GE Aerospace forecasting an operating profit of $10 billion in 2028.
April 01, 2024
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