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General Electric (GE) is a multinational conglomerate that operates through three main segments: Aerospace, Renewable Energy, and Power. The company is a global leader in propulsion, services, and systems, particularly in the aerospace industry, where it manufactures jet engines for commercial and military aircraft, provides maintenance, and sells spare parts . GE also focuses on renewable energy solutions, offering wind and other renewable energy generation equipment, as well as grid solutions . Additionally, GE provides power generation equipment and services, including gas, steam, and nuclear power solutions . The company emphasizes innovation and sustainability, aiming to develop technologies for a more sustainable future .
- Aerospace - Manufactures jet engines for commercial and military aircraft, provides maintenance, component repair, and overhaul services, and sells spare parts.
- Power - Provides gas, steam, nuclear, and other power generation equipment, along with services to support these products.
- Renewable Energy - Focuses on wind and other renewable energy generation equipment and grid solutions, including onshore and offshore wind, blade manufacturing, grid solutions, hydro, battery storage, hybrid renewables, and digital services offerings.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
H. Lawrence Culp, Jr. ExecutiveBoard | Chairman & CEO of GE; CEO of GE Aerospace | Non-Executive Chairman of GE HealthCare; Trustee at Wake Forest University; Board of Visitors & Governors at Washington College. | Joined GE in 2018, led strategic transformation, including spin-offs of GE HealthCare and GE Vernova. Former CEO of Danaher Corporation. | |
Amy Gowder Executive | Senior Vice President & CEO, Defense & Systems | None | Joined GE in 2022; previously COO at Aerojet Rocketdyne and held leadership roles at Lockheed Martin. | |
Christian Meisner Executive | Senior Vice President & Chief Human Resources Officer | None | Joined GE in 2023; previously CHRO at Kaiser Permanente and Otis Elevator Company. | |
John R. Phillips III Executive | Senior Vice President, General Counsel & Secretary | None | Joined GE in 2023; previously Deputy Counsel to the President of the United States and held legal leadership roles at Boeing. | |
Mohamed Ali Executive | Senior Vice President & Chief Technology & Operations Officer | None | Joined GE in 1997; became CTO in 2025. Held various engineering leadership roles. | |
Rahul Ghai Executive | Senior Vice President & CFO of GE | None | Joined GE in 2022 as CFO of GE Aerospace; became CFO of GE in 2023. Former CFO of Otis Worldwide and Harris Corporation. | |
Ricardo Procacci Executive | Senior Vice President & CEO, Propulsion & Additive Technologies | None | Joined GE in 2002; previously CEO of Avio Aero. | |
Robert Giglietti Executive | Vice President, Chief Accounting Officer, Controller, and Treasurer | Chairperson of the Board, CFO, and SVP at GE Capital US Holdings, Inc.. | Joined GE in 2002; held various finance and accounting leadership roles, including CFO of GE Capital and Corporate. | |
Russell Stokes Executive | Senior Vice President & CEO, Commercial Engines & Services, GE Aerospace | None | Joined GE in 1998; held multiple leadership roles, including CEO of GE Power and GE Transportation. | |
Catherine Lesjak Board | Director | Board Member at PROS Holdings and GE HealthCare; Member of Haas School of Business Board. | Former CFO of HP; joined GE's board in 2019. | |
Darren McDew Board | Director | Board Member at Abbott Laboratories, Parsons Corporation, and USAA; Director at Boys & Girls Club of America. | Retired four-star General of the U.S. Air Force; joined GE's board in 2023. | |
Edward Garden Board | Director | Chairman & CEO of Garden Investments; Director at Janus Henderson Group. | Founding Partner of Trian Fund Management; joined GE's board in 2017. | |
Isabella Goren Board | Director | Board Member at Marriott International and MassMutual Financial Group; Member of advisory boards at SMU and UT Austin. | Former CFO of American Airlines; joined GE's board in 2022. | |
Margaret Billson Board | Director | Board Member at CAE Inc.. | Former President & CEO of Global Engine Services at BBA Aviation; joined GE's board in 2023. | |
S\u00e9bastien Bazin Board | Director | Chairman & CEO of AccorHotels; Vice Chairman of Gustave Roussy Foundation; Chairman of Safar Ventures. | CEO of AccorHotels since 2013; joined GE's board in 2016. | |
Stephen Angel Board | Director | Chairman of Linde plc; Board Member at PPG Industries; Member of The Business Council. | Former CEO of Praxair and Linde plc; joined GE's board in 2022. | |
Thomas Enders Board | Director | Board Member at Linde plc and Lilium N.V.; Supervisory Board Member at Lufthansa Group; President of the German Council on Foreign Relations. | Former CEO of Airbus SE; joined GE's board in 2023. | |
Thomas Horton Board | Lead Director | Partner at Global Infrastructure Partners; Lead Independent Director at Walmart. | Former Chairman & CEO of American Airlines; joined GE's board in 2018. |
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Given the ongoing supply chain constraints impacting engine deliveries, with LEAP deliveries expected to be down approximately 10% year-over-year, can you detail the specific steps you're taking to mitigate these issues and ensure you meet your delivery commitments in both the commercial and defense segments?
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You mentioned that higher 9X engine shipments in 2025 will put pressure on margins and that program losses are expected to peak later in the decade before becoming profitable by 2030; how do you plan to manage these losses, and what strategies are in place to accelerate the profitability of the 9X program?
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Despite lower engine deliveries and ongoing supply chain challenges, your financials continue to improve; can you explain how you're achieving strong earnings and cash flow under these circumstances, and what risks could impact this performance moving forward?
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In the defense segment, profits declined due to lower engine deliveries and higher investments; what are the primary factors contributing to the delivery challenges, and what measures are you implementing to improve performance and meet the evolving needs of your military customers?
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With equipment growth expected to be faster than services in 2025 due to higher volumes, including 9X shipments, how will you address the potential margin pressures and ensure overall profitability, especially considering that some 2024 equipment volume is moving into 2025?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Nexus Controls | 2023 | The acquisition was completed on April 3, 2023 at a cost of $0.3 billion, and it integrated Nexus Controls into GE’s Gas Power business to enhance quality, service, and delivery. The deal brought in key capabilities in aftermarket control system upgrades and field services to support long-term strategic growth in the power sector. |
Recent press releases and 8-K filings for GE.
- Strong Q1 performance: Revenue increased 11% (total $9.9B; adjusted $9.0B) , with total orders of $12.3B (+12% y/y) , GAAP profit of $2.2B , and adjusted EPS of $1.49 .
- Positive FY’25 outlook: Guidance includes low double-digit revenue growth, operating profit targets of $7.8B–$8.2B, EPS between $5.10 to $5.45, free cash flow of $6.3B–$6.8B, and strategic actions such as share buybacks and dividend increases .
- Segment highlights: Commercial Engines & Services drove significant growth while Defense & Propulsion Technologies maintained steady performance .
- Tariff impact mitigated: Anticipated net cost of roughly $500 million offset by SG&A cost controls and planned spare parts price increases .
- Korean Air has placed an order for GEnx and GE9X engines to power its new Boeing 787-10s and 777-9s, reinforcing a long-standing partnership with GE Aerospace.
- The agreement includes a service contract covering the maintenance, repair, and overhaul of the GE9X engines, marking Korean Air as the first customer for GE9X in South Korea.
- The GE9X is highlighted as the world’s most powerful commercial engine with 10% better fuel efficiency than its predecessor, supporting Korean Air’s fleet upgrade and expansion initiatives.