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aviation


GE's Energy Business Will Have a New Name—Vernova

General Electric (GE) is again announcing changes to its corporate structure, with the company on July 18 saying its energy and other businesses will operate under new brand names. H.…


Rolls-Royce Sets Megawatt Milestone for Hybrid-Electric Aircraft System

Bracing for explosive growth in the electrification of mobility, UK-based engineering giant Rolls-Royce is developing various all-electric and hybrid-electric drive systems for aircraft. At one of its most-watched hybrid-electric aero…


GE Splitting Into Three Companies, Will Spin Off Energy Group

General Electric (GE) has announced plans to split into three separate companies, breaking up into publicly traded groups for its energy, healthcare, and aviation divisions. The company on Nov. 9…


GE Will Cut Another 13,000 Jobs

General Electric (GE) on May 4 said it plans to cut as many as 13,000 jobs from its Aviation unit this year, or about 25% of the division’s total workforce,…


GE Reports $1 Billion Hit to Cash Flow

General Electric (GE) on April 29 reported a steep drop in first-quarter revenue, with the industrial giant—like many companies—taking a major hit from the coronavirus pandemic. The company reported a…