Reuters

GE says Aerospace brand marks ‘wider strategic aperture’

FARNBOROUGH, England (Reuters) -General Electric Chief Executive Larry Culp said on Monday a new “GE Aerospace” brand for its aviation business pointed to a “wider strategic aperture” that could eventually lead to the industrial giant entering new businesses. Asked at the Farnborough Airshow if that meant a greater appetite for acquisitions as the conglomerate prepares to split into three, Culp said any changes would be “first and foremost organic, and then and only then inorganic opportunities”. The split marks the end of the 130-year-old conglomerate that was once the most valuable U.S. corporation and a global symbol of American business power.

Leave a Reply

Your email address will not be published.