Independent, publicly traded, and spending all day at the New York Stock Exchange. Visit NYSE today to be a part of history as we celebrate GE Vernova and GE Aerospace's first days listed. #GEBeginsAgain
Congratulations GE Vernova and GE Aerospace! Rooting for great success... with you, through you, and for you. GE once, now, forever! #crotonvillealumni Crotonville Alumni
Exciting times ahead! Congrats on the historic listing on the New York Stock Exchange. Wishing you all the best as you embark on this new chapter. #GEBeginsAgain 🎉🚀
GE
Ensuring Every screw is tightened with correct Torque each and every time.
Reason#2- Why you must upgrade to Advance "Counter + Torque Display System", i.e. ITMS- "INTELLIGENT TORQUE MONITORING SYSTEM" for Electric Screwdriver used in Assembly line.
#innovation #management #technology #industrialautomation #assembly #industrialequipment
Lifetime Achievement Award at Marquis Who's Who,Honored by IAOTP as Top Power Plant Consultant of the Year for 2020, Lifetime Achievement Award Honoree 2022 by IAOTP,Fellow American Biographical Institute
Congratulations. An Historical Day in the 130 years of Iconic GE.!
My observation on each of the two Separately Traded Companies:
[1] GE Vernova
- NUCLEAR Segment. During 50+ EPC Experience/DATABASE, GEH being
an important part of my Tiny Success and continued Participation related to
the Nuclear (Large Size Advanced Generation III+ Reactor and seemingly
"Game-changing" Highly Simplified SMRs as an important part of
Generating CLEAN/Safe/Reliable/24x7x365/High CF Energy)
- SMRs (Example: GEH BWRX-300.)
Great to hear what the CEO Scott Strazik said on CNBC today:
-- Small Modular Reactor is going to play an important Role in Energy
Transition.
-- We need to Triple Nuclear Capacity in the world BUT we need to do it
with something that we industrialize at scale that’s the EXACT SAME
PRODUCT OVER AND OVER AGAIN [Emphasis Added]**
** As opposed to seemingly past practice in the U.S. of "Custom
Design" with Owner Preferences.!
[2] GE Aerospace
- Every time I fly International Routes, seems to always ask a Question-whose
Engines are on the Aircraft. KNOWING :
-- GE's share of the Global Engine Market is over 50%.
-- GE9X, built for the forthcoming Boeing 777X, holds the Guinness World
Record title for thrust***, officially known as 'the most powerful
commercial aircraft jet engine (test performance)
*** 134,300 pounds.!
-- Global Leader in Propulsion both in Commercial and Military
Applications.
#DATABASE(1970-2024)
Independent, publicly traded, and spending all day at the New York Stock Exchange. Visit NYSE today to be a part of history as we celebrate GE Vernova and GE Aerospace's first days listed. #GEBeginsAgain
In the video that we show in the NYSE Board Room before each momentous Bell Ringing, we include a brief clip of legendary inventor Thomas Edison.
This morning, it caught the eye of Larry Culp, CEO of GE Aerospace (NYSE: GE), addressing colleagues as he presided over the last chess move of the trifurcation of General Electric into three separate publicly-traded companies: GE Aerospace, GE Vernova, and GE HealthCare.
“I couldn’t imagine doing this anywhere this morning but the NYSE,” Larry began. “I hope everyone saw the portrait, that’s smack in the middle, of Edison and the shoutout to engines. You can’t open up the New York Stock Exchange without turbomachinery,” he added.
Minutes earlier, NYSE President Lynn Martin welcomed Larry and his new GE VERNOVA counterpart, Scott Strazik, up to the stage. “I think about innovation every day in my job,” Lynn began. “And, in my mind, there are no two letters that better embody the spirit of innovation, and have always embodied the sprit of innovation in the past, and in the future of this country, than GE.”
Edison’s spirit of innovation loomed large over today’s proceedings.
My colleague, NYSE Archivist Dave D’Onofrio, compiled an overview of GE’s 132 years on the Big Board. It began on May 31, 1892, when General Electric Co. applied to list 400,000 shares of Thomson-Houston Electric Company, 150,000 shares of Edison General Electric Co., and 6,520 shares of Thomson-Houston International Electric Co. The combined listing was valued at $30.5 million, trading under the Ticker Symbol GE.
Going back further, Edison’s first commercial success was the stock ticker, improving on Edward Calahan’s 1867 invention. By 1872, Edison unveiled his Universal Stock Printer, which provided real time quotes to investors. When our current NYSE building was opened in 1903, electric power would be fed throughout by a series of GE switches. Later, in 1925, GE centrifugal compressors were introduced to power the Exchange’s pneumatic system, reducing the time to execute a trade by 30%.
At the podium, Larry reflected on where the GE story stands today. “900,000 people are aloft at this very moment with GE power under wing. That is an awesome responsibility.” Addressing the VERNOVA team, he added, “If there’s anything the world needs at this very moment, it’s a company capable of leading the energy transition at scale, in whatever form that will take -- that’s no small mission.”
Larry summed up the moment before Lynn escorted the teams down to the NYSE Trading Floor to ring the Opening Bell. “If we look back to 1893, it was GE’s first CEO, Charles Coffin, who wrote in our first annual report, we’re putting GE together, the result of three companies coming together. And as you think about where we are today, with healthcare not too far away, we’ve come full circle.”
You can watch all of the proceedings on one of the two simultaneous broadcasts of NYSE TV that aired this morning.
https://lnkd.in/eHmvEzSJ
In the face of a challenging market, aerospace M&A in North America has proven its mettle. Read all about it in Origin's M&A Spotlight on Aerospace report. https://lnkd.in/gNYRumpM
<>While transaction volumes aligned with the broader market decline, the sector’s total transaction value is displaying impressive resilience
<>The industry's average transaction value continues to climb, evidence that investors are willing to make sizeable investments in the sector, despite tighter credit markets
<>With consumer demand remaining robust and supply chain and labor issues gradually resolving, the outlook for deal activity is positive.
Read our full report to learn more, including our highlighted transaction: the sale of Dishon Limited, a world class supplier of complex precision machine components and assemblies, to Thrust Capital Partners, a private equity firm exclusively focused on the Canadian aerospace industry and its supply chain.
Subscribe to our industrials reports here: https://lnkd.in/gWFpfeFUDarren WilliamsNick Newlin Adam Smith Francis Laferriere, CPA, CA, MBA#aerospace#space#mergersandacquisitions#mro#engines#components#precisionmachining
What are the implications of #Boeing's potential acquisition of #SpiritAeroSystems? The Managing Director at AeroDynamic Advisory discusses how strong the strategic rationale for the potential acquisition is: https://bit.ly/3vdXO0n
What are the implications of #Boeing's potential acquisition of #SpiritAeroSystems? The Managing Director at AeroDynamic Advisory discusses how strong the strategic rationale for the potential acquisition is: https://bit.ly/3vdXO0n
What are the implications of #Boeing's potential acquisition of #SpiritAeroSystems? The Managing Director at AeroDynamic Advisory discusses how strong the strategic rationale for the potential acquisition is: https://bit.ly/3vdXO0n
What are the implications of #Boeing's potential acquisition of #SpiritAeroSystems? The Managing Director at AeroDynamic Advisory discusses how strong the strategic rationale for the potential acquisition is: https://bit.ly/3vdXO0n
What are the implications of #Boeing's potential acquisition of #SpiritAeroSystems? The Managing Director at AeroDynamic Advisory discusses how strong the strategic rationale for the potential acquisition is: https://bit.ly/3vdXO0n
“It has been a busy period, with the successful demerger of the Dowlais businesses allowing full focus on executing the remaining restructuring plans for Aerospace, as a standalone business.
Aerospace continues to perform strongly, with restructuring projects well underway and on track to be materially complete in the near future, unlocking the full potential of this great business.
The business's adjusted operating margin more than doubled compared to the prior period to 10.7%, representing good progress towards its 2025 operating margin guidance of 17-18% as outlined during the Capital Markets Event in May 2023. This has allowed an upgrade to 2023 expectations, predominantly focused on Engines, with further volume recovery and improvements to come.
Supported by continued strong momentum and market recovery underpinned by robust demand, the outlook for the Aerospace business is very positive and we remain confident in its prospects and ability to perform well in 2023 and beyond.
Aerospace's technology is embedded on the world's most successful, highest volume platforms. This progress is supported over the medium-term through ongoing business improvements, as well as the increase in flight hours and narrowbody production in civil and growing defence budgets driving demand for military platforms.
Inflationary pressure and global supply chains continue to provide some challenges which are expected to continue into 2024, but the business continues to manage these and has been able to fully offset all additional costs.
Building on its commitment to developing best in class sustainable technology solutions that will assist in moving the aviation sector into the era of more sustainable air travel, the business continues to progress the technological advances made on the successful #H2Gear project. Aerospace signed a partnership agreement with Embraer at the 2023 Paris Air Show, laying the path to flight testing a zero-emissions liquid hydrogen propulsion system.
The business also advanced its Additive Manufacturing leadership, introducing its largest Additive Manufacturing cell at the new Global Technology Centre in the US.” Simon Peckham, CEO of Melrose Plc#aerospace#halfyearresults
Congratulations GE Vernova and GE Aerospace! Rooting for great success... with you, through you, and for you. GE once, now, forever! #crotonvillealumni Crotonville Alumni