Very interesting. Growing up, my dad, and most of my friends' dads worked at GE Aircraft Engine Group in Evendale
https://local12.com/news/local/ge-aerospace-evendale-separate-company-fortune-500-airplanes-aviation-new-general-electric-business-local-economy-money-planes-manufacturer-repairs-entity-industrial-conglomerate-billions-cincinnati-ohioEVENDALE, Ohio (WKRC) – GE Aerospace, formerly known as GE Aviation, has had a presence in Cincinnati since the late 1940s. Since then, it has been under the umbrella of General Electric.
That will no longer be the case after Tuesday. The airplane engine manufacturer will officially be its own separate entity.
The company is one of several being spun off as the former General Electric industrial conglomerate breaks up.
GE Aerospace executives told investors in March that they expect the new company to earn more than $6 billion in operating profits. They also expect that number to hit as much as $10 billion by 2028. GE Aerospace is also investing more than $100 million into its Evendale plant. The plant employs about 9,000 workers throughout the Tri-State and another 1,500 workers near Dayton.
The company's vice president, Mike Kauffman, spoke on the recent mood at the company.
"A lot of excitement and that certainly comes from pride,” said Kaufmann. “We certainly see the business growing and the improvement in the business. And now to really just celebrate it as one whole entity and one combined team under one name. It's very exciting."
He also spoke on what the effects could be for the local economy.
"We work in the aviation corridor between us and Dayton, and we are the birthplace of aviation," said Kaufmann. "Immense pride, one being native of Ohio and being here in the leading aerospace corporation in the world. [I'm] super proud of that in my home state."
Brian Strunk is the president of the United Autoworkers Local 647. It represents workers at GE Aerospace in Evendale. He recently gave a statement on the new development.