GE Aerospace Spins Off as Standalone Company, Expects Billions in Profits and Job Growth from lota mong ges Watch Video
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⏲ Duration: 0:48 👁 View: 8.7M times ✓ Published: 04-Apr-2024
Description: GE Aerospace, formerly GE Aviation, has spun off as a separate company based in Evendale, Ohio. The spinoff is part of General Electric's breakup of its industrial conglomerate into multiple standalone businesses. GE Aerospace expects over $6 billion in annual profits, growing to as much as $10 billion by 2028. The company is investing over $100 million in its Evendale plant, employing around 9,000 local workers. The UAW local president welcomed the opportunities for expanded employment and manufacturing at the Evendale site.
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