The CEO of Boston-based conglomerate General Electric, whose aviation business GE Aerospace will become its own Ohio-headquartered public company in early 2024, said that new firm could branch out into new lines of business as a standalone public company. H. Lawrence Culp Jr. , CEO of both GE (NYSE: GE) and GE Aerospace, was asked by reporters Thursday during GE’s 2023 investor day about comments he’s made previously about the company’s name change – it was known as GE Aviation until 2022 – signaling a "widened aperture" of what the engine maker does. "As we become a standalone public company, there are going to be a lot of things that we’re going to look at, we’re going to consider," he said. Culp said there is no intent to amass assets or shape a portfolio, but GE Aerospace’s aim is to shape the future of flight, and if there are additional assets that the company could acquire, GE Aerospace would consider that. "We’re not going to necessarily foreshadow that. I spent 25 years at a highly acquisitive company (as CEO of Danaher Corp.), we never, ever foreshadowed what we might be looking at, let alone where we might go, but […]
GE Aerospace could branch into new lines of business as standalone company
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