March 24, 2017 3:33 PM ET

Aerospace and Defense

Company Overview of GE Aviation

Company Overview

GE Aviation designs, develops, and manufactures jet and turboprop engines, components, and integrated systems for military, commercial, business and general aviation aircraft, and ship propulsion applications worldwide. The company offers avionics, electrical power, digital systems, structures, propeller, propulsion, exhaust energy recovery, and DLE combustor systems. It also provides canopies, windscreens, pylons, refueling probes, and fuel tanks; machined metallic assemblies, such as ribs, brackets, spreader plates, support structure, and jacking points; upper and lower panels, gear beam fittings and panel support structure; engine nacelles; and wing fixed trailing edge components. It also...

One Neumann Way

Cincinnati, OH 45215-6301

United States

Founded in 1949

Phone:

513-552-3272

Fax:

513-552-3329

Key Executives for GE Aviation

Chief Executive Officer, President and Vice Chairman of GE
Age: 59
Chief Financial Officer and Vice President
Age: 52
Chief Executive Officer of GE Australia and New Zealand
Age: 56
Chief Executive Officer of GE Aviation Services and President of GE Aviation Services
Age: 53
Chief Executive Officer of Avio Aero
Compensation as of Fiscal Year 2016.

GE Aviation Key Developments

GE Aviation Wins Contract from U.S. Army to Develop Silicon Carbide Power Electronics

GE Aviation announced that it has been awarded a $4.1 million contract from the U.S. Army to develop and demonstrate silicon carbide-based power electronics supporting high-voltage next generation ground vehicle electrical power architecture. The $4.1 million contract will result in three hardware deliverables after a 24-month development program that will demonstrate the benefits of GE's Silicon Carbide MOSFET technology in a 200kW starter generator controller. The integrated starter generator controller (ISGC) will provide sensored and sensorless control for multiple generator types in a single line replaceable unit weighing less than 50 pounds. It will operate at 125 degrees C ambient in bi-directional operation for engine start. The ISGC will utilize 105 degrees C coolant and will be CANbus programmable.

Icelandair Signs TrueChoiceTM Transitions Agreement with GE Aviation

Icelandair signed a TrueChoiceTM Transitions agreement with GE Aviation for a custom ordered CF6-80C2 spare engine. This agreement follows a TrueChoice Transition agreement between Icelandair and GE signed last year for the maintenance of CF6-80C2 engines that power the airline's four Boeing 767 aircraft. The TrueChoice suite of engine maintenance offerings for commercial aviation industry emphasizes the breadth and depth of capabilities and customization across the entire engine lifecycle. The TrueChoice suite includes: TrueChoice Flight Hour provides customized offerings that help optimize cost of ownership over the entire engine lifecycle with flexible risk transfer and payment options. TrueChoice Overhaul provides time and material overhauls with tailored workscopes specific to shop visit objectives, economic priorities and ownership horizon - whether for one engine or an entire fleet. TrueChoice Material provides high-quality new and used OEM parts, advanced repairs and technology upgrades for airlines and MROs that enhance engine performance over the lifecycle and support higher engine residual value. TrueChoice Transitions provides a broad range of options for changing ownership horizons, including green time leases, exchanges and material buy-back, plus custom workscopes with shorter builds and maximum used material.

GE Aviation and Helioffshore Provide Safety Data Management System for Global Offshore Helicopter Industry

HeliOffshore and GE Aviation have signed an agreement to develop and implement digital solutions for a global safety data management system for the offshore helicopter industry. The system will be deployed in phases beginning this year. This effort will bring together GE’s extensive data and analytics technology and expertise with HeliOffshore’s safety leadership to provide deeper analytics and analyses to yield more insights into ways operators, manufacturers, and the oil and gas industry can maximize the safety of offshore helicopter operations. Creating this partnership will allow for a powerful implementation of data across operating conditions and environments. HeliOffshore has already laid the groundwork for sharing data and information under its InfoShare program. Through the program, operators exchange safety event information and have begun to share data, including from anonymized flight data monitoring and their health and usage monitoring systems.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 8, 2016
GE Aviation, Avionics business
Merger/Acquisition
September 6, 2016
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