Predict your next investment

Corporation
ELECTRONICS | Electronic Manufacturing Services
geaviation.com

See what CB Insights has to offer

Portfolio Exits

3

Partners & Customers

10

About GE Aviation

GE Aviation, a subsidiary of General Electric, is headquartered in Evendale, Ohio, outside Cincinnati. GE Aviation is an aircraft engine supplier, and offers engines for the majority of commercial aircraft.

GE Aviation Headquarter Location

33-41 Farnsworth Street

Boston, Massachusetts, 02210,

United States

617-443-3000

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

GE Aviation Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

GE Aviation Rank

Research containing GE Aviation

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned GE Aviation in 2 CB Insights research briefs, most recently on Jun 7, 2021.

Latest GE Aviation News

ARCH Cutting Tools Corp. acquires CONTOUR360

Sep 18, 2021

ARCH Cutting Tools Corp. acquires CONTOUR360 CONTOUR360 delivers custom tools in the aerospace, medical, automotive, defense, and industrial manufacturing markets. Bloomfield Hills, Michigan-based ARCH® Cutting Tools Corp. , an ARCH Global Precision Co., has acquired CONTOUR360 of Cornish, Maine. The reputation of CONTOUR360 for supplying high-quality engineered solid round cutting tools was the foremost consideration for developing the relationship. As a leader in the industry, delivering custom tools to customers in the aerospace, medical, automotive, defense, and industrial manufacturing markets, CONTOUR360’s relentless dedication to customer relationships will blend seamlessly with the ARCH Cutting Tools culture. "I am extremely proud to have the CONTOUR360 team join the ARCH family. As I've gotten to know the capabilities and values of CONTOUR360, it has become clear that the team's dedication to quality, service, and innovative tool design shines through in everything they do," said ARCH Cutting Tools – Division President Jeff Cederstrom. "These values, along with a clear entrepreneurial spirit, are strongly aligned with the ARCH Cutting Tools culture. The reputation of CONTOUR360 is second to none, and we look forward to working together." Tom Gleason, an owner of CONTOUR360, said, "We are very proud to be joining the ARCH Cutting Tool team and confident that the legacy that CONTOUR360 has built over the past 28 years will provide a solid base upon which the company can grow. Our baby is in good hands." "Without fail, everyone I've dealt with in the ARCH family has conducted themselves with honesty, integrity, and a passion for the industry," said John Moller, an owner of CONTOUR360. "For these reasons, the decision to join the ARCH team was a no-brainer. The partnership between ARCH Cutting Tools and CONTOUR360 is a perfect fit and an important step as ARCH builds a world-class cutting tool brand." ARCH President and CEO Eli Crotzer believes that the strengths of CONTOUR360 will complement the customer-focused culture that ARCH Cutting Tools has built over the years. "I have had the pleasure of getting to know this ownership group over the last five years, as well as visited the CONTOUR360 facility on multiple occasions," Crotzer noted. "From the beginning of our relationship, I was impressed with the technical expertise within the CONTOUR360 workforce. As ARCH continues to build and expand upon our leading national customs and specials business, there is no question that CONTOUR360 will further enhance our offering to the marketplace." GE Aviation is advancing groundbreaking work to develop noise and emissions-reducing technologies for aircraft engines under a research partnership announced by the U.S. Federal Aviation Administration (FAA). GE and the U.S. FAA will invest nearly $55 million during five years to accelerate development of a series of technologies for more sustainable aviation , including open fan engine architecture, electrification, noise-lowering technologies, and more, as well as ongoing research into alternative jet fuels through the FAA‘s Continuous Lower Energy, Emissions and Noise (CLEEN) program. This is the third CLEEN award GE Aviation has received since 2010. "GE Aviation has a robust pipeline of breakthrough technologies to help achieve our ambitious decarbonization goals for aircraft engines. This investment by the U.S. FAA brings us another step closer to introducing open fan, hybrid electric and new engine core technologies to our customers sooner, improving fuel efficiency and lowering carbon emissions from aviation,” said Arjan Hegeman, general manager of advanced technologies for GE Aviation. GE Aviation and Safran in June 2021 launched a bold technology development program targeting more than 20% lower fuel consumption and CO2 emissions compared to today’s most efficient engines. The CFM RISE (Revolutionary Innovation for Sustainable Engines) Program will demonstrate and mature a range of new, disruptive technologies for future engines that could enter service by the mid-2030s. Funding from the CLEEN program supports research and development efforts for several of the most promising technologies to achieve CFM RISE Program goals for a major step-change reduction in carbon emissions for future, next-generation single-aisle aircraft engines. Technologies being funded by CLEEN Phase III include: • Open fan – GE Aviation and its partners plan to mature and test an open fan engine architecture, in which fan blades are not enclosed by a fan case. Open fans increase air flow, which could create greater propulsive efficiency for future aircraft engine applications. These studies will leverage previous successful results and new technology to evaluate and mature open fan noise strategies. • Acoustics – Plans to advance acoustic technologies for new engine architectures include developing novel acoustic liners and outlet guide vanes to reduce noise. • Low emissions combustor – GE Aviation will test new combustor technology designs that lower nitrogen oxides (NOx), as well as non-volatile particulate matter emissions. • Hybrid-electric – CLEEN III funding will help mature an electric machine that is a critical part of an overall integrated electric power generation system. • Advanced thermal management – Also key to lower carbon emissions is continually advancing thermal management in a jet engine’s core. GE Aviation is developing heat recovery systems among other thermal management technologies that can handle hotter core temperatures to improve efficiency and reduce fuel burn. • Alternative jet fuels – Through CLEEN III, GE Aviation engineers will continue their research and development efforts into alternative fuels, such as Sustainable Aviation Fuel (SAF) . These efforts will look to increase SAF blending limits beyond 50% and explore the best ways to enable standardization of a 100% SAF that does not require blending with petroleum-based jet fuel. All GE Aviation and its partners engines can operate with approved SAF, which is produced from sustainable feedstocks and other alternative processes, lowering lifecycle carbon emissions up to 80% compared to petroleum-based fuels. GE has been actively involved in assessing and qualifying SAF since 2007 and works closely with producers, regulators, and operators to help ensure that sustainable fuel can be widely adopted for use in aviation. Previous CLEEN awards announced in 2010 and 2015 supported GE Aviation technology advancements, including Twin-Annular Pre-mixing Swirler (TAPS) combustor designs that led to technology now in CFM LEAP and GE9X engines, open fan architecture, Flight Management Systems, alternative fuels, and electrification. RISE (Revolutionary Innovation for Sustainable Engines) is a trademark of CFM International, a 50/50 joint company between GE and Safran Aircraft Engines. LEAP engines are a product of CFM. Boeing has released its annual forecast for the commercial, defense, and space aerospace market, reflecting signs of the industry's recovery following the impacts of COVID-19. The 2021 Boeing Market Outlook (BMO) – Boeing's analysis of long-term market dynamics – states that commercial airplanes and services are showing signs of recovery, while the global defense, space and government services markets have remained stable. The BMO projects a $9 trillion market through the next decade for aerospace products and services that Boeing addresses. The forecast is up from $8.5 trillion a year ago, and up from $8.7 trillion in the pre-pandemic 2019 forecast, reflecting the market's continued recovery progress. "As our industry recovers and continues to adapt to meet new global needs, we remain confident in long-term growth for aerospace," said Boeing Chief Strategy Officer Marc Allen. "We are encouraged by the fact that scientists have delivered vaccines more rapidly than imaginable and that passengers are demonstrating strong confidence in airplane travel." The new Commercial Market Outlook (CMO) reflects that the global market is recovering largely as Boeing projected in 2020. Demand for domestic air travel is leading the recovery, with intra-regional markets expected to follow as health and travel restrictions ease, followed by long-haul travel's return to pre-pandemic levels by 2023 to 2024. Within the Boeing Market Outlook, the CMO projects 10-year global demand for 19,000 commercial airplanes valued at $3.2 trillion. Boeing's 20-year commercial forecast through 2040 projects demand for more than 43,500 new airplanes valued at $7.2 trillion, an increase of about 500 planes over last year's forecast. In a significant area of growth, projected demand has increased for dedicated freighters, including new and converted models. With sustained demand for air cargo tied to expanding e-commerce and air freight's speed and reliability, the CMO projects the global freighter fleet in 2040 will be 70% larger than the pre-pandemic fleet. "The aerospace industry has made important progress in the recovery, and Boeing's 2021 forecast reflects our confidence in the resilience of the market," said Stan Deal, president and CEO, Boeing Commercial Airplanes. "While we remain realistic about ongoing challenges, the past year has shown that passenger traffic rebounds swiftly when the flying public and governments have confidence in health and safety during air travel. Our industry continues to serve an essential role of bringing people together and transporting critical supplies." Highlights of the new 20-year CMO forecast include: The availability and distribution of COVID-19 vaccines will continue to be critical factors in the near-term recovery of passenger air travel. Countries with more widespread vaccination distribution have shown rapid air travel recovery, as governments ease domestic restrictions and open borders to international travel. Passenger traffic growth is projected to increase by an average of 4% per year, unchanged from last year's forecast. The global commercial fleet will surpass 49,000 airplanes by 2040, with China, Europe, North America and the Asia-Pacific countries each accounting for about 20% of new airplane deliveries, and the remaining 20% going to other emerging markets. Demand for more than 32,500 new single-aisle planes is about equal to the pre-pandemic outlook. These models continue to command 75% of deliveries in the 20-year forecast. Carriers will need more than 7,500 new widebody airplanes by 2040 to support fleet renewal and long-term passenger and air cargo demand growth in longer-haul markets. These projections are up slightly compared to 2020 but remain down 8% from 2019. Airplane demand, 2021-2040 Collins Aerospace , a Raytheon Technologies business, unveiled Lilac-UV, an ultraviolet (UV) lighting solution to sanitize aircraft interiors nearly anywhere a light is installed inside an aircraft. Lilac-UV emits a slight violet light that disinfects surfaces in seconds to minutes, depending on lamp configuration and specific pathogen. Lilac-UV can be applied in lavatories, galleys, flight decks, cargo bays, and throughout the cabin, and can be set for scheduled cleanings or manual applications during or between flights. The sanitizing light, combined with other hygienic measures taken onboard aircraft, gives added peace of mind and protection to passengers while also reducing aircraft downtime for manual cleaning. Lilac-UV uses technology developed by The Boeing Co. as part of a licensing agreement granting Collins the ability to build on Boeing's UV technology for in-flight operation. "At the heart of this project is the desire to continue to build the public's trust and confidence in air travel as passengers return to the skies," said Cynthia Muklevicz, vice president of business development for Collins Aerospace. "Collins and Boeing share the common goal to redefine air travel, a commitment to collaboration and the technical research and development expertise to bring this game-changing, hygienic technology to market for the benefit of air-travelers around the world." The new Collins-developed sanitizing lighting system operates with an intelligent dosage controller – for scheduled cleanings and manual treatments – and an occupancy detector for enclosed spaces, such as an airplane lavatory. "Our design allows for installation anywhere in the cabin with minimal or no hardware design changes, enabling users to switch to a higher power lamp or change the number of lamps based on application," said Bridget Sheriff, vice president of engineering at Collins Aerospace. "The intelligent controller automatically adjusts to manage power consumption and offers scientifically proven disinfection of spaces during and between flights." A finalist for the 2021 Crystal Cabin Award in the "Clean & Safe Air Travel" category, the Lilac-UV sanitizing system will be available for new cabins or retrofittable to existing interior spaces.

GE Aviation Portfolio Exits

3 Portfolio Exits

GE Aviation has 3 portfolio exits. Their latest portfolio exit was GE Aviation - Hamble on October 03, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/3/2019

Divestiture

1

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

10/3/2019

00/00/0000

00/00/0000

Exit

Divestiture

Subscribe to see more

Subscribe to see more

Companies

Subscribe to see more

Subscribe to see more

Valuation

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

10

10

GE Aviation Acquisitions

2 Acquisitions

GE Aviation acquired 2 companies. Their latest acquisition was OC Robotics on June 12, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/12/2017

Acquired

1

3/27/2017

Recap

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/12/2017

3/27/2017

Investment Stage

Recap

Companies

Subscribe to see more

Valuation

Total Funding

$99M

Note

Acquired

Subscribe to see more

Sources

1

10

GE Aviation Partners & Customers

10 Partners and customers

GE Aviation has 10 strategic partners and customers. GE Aviation recently partnered with HAL on August 8, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

8/17/2021

Client

HAL

United States

1

8/10/2021

Vendor

Transcend Air

United States

Transcend Air Enters Agreement with GE Aviation as Engine Supplier for the Groundbreaking Vy 400 High Speed VTOL Aircraft

Transcend Air Corporation today announced an agreement with GE Aviation to develop and certify a custom variant of GE Aviation 's class-leading CT7-8 turboshaft helicopter engine to power the Vy 400 High-Speed Vertical Takeoff and Landing aircraft .

1

4/15/2021

Vendor

StandardAero

United States

StandardAero Selected as Sustainment Partner for the Saab Gripen for Canada Team

We have a 60 year partnership with the Royal Canadian Air Force providing propulsion sustainment for the T56 engines powering the CC-130 Hercules and CP-140 Aurora aircraft and currently provide full comprehensive MRO , engineering and supply chain support under Canada 's recent performance based contract sustainment initiatives . ''

1

2/26/2021

Client

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

2/4/2021

Licensee

Subscribe to see more

Subscribe to see more

Subscribe to see more

10

Date

8/17/2021

8/10/2021

4/15/2021

2/26/2021

2/4/2021

Type

Client

Vendor

Vendor

Client

Licensee

Business Partner

HAL

Transcend Air

StandardAero

Country

United States

United States

United States

Subscribe to see more

Subscribe to see more

News Snippet

Transcend Air Enters Agreement with GE Aviation as Engine Supplier for the Groundbreaking Vy 400 High Speed VTOL Aircraft

Transcend Air Corporation today announced an agreement with GE Aviation to develop and certify a custom variant of GE Aviation 's class-leading CT7-8 turboshaft helicopter engine to power the Vy 400 High-Speed Vertical Takeoff and Landing aircraft .

StandardAero Selected as Sustainment Partner for the Saab Gripen for Canada Team

We have a 60 year partnership with the Royal Canadian Air Force providing propulsion sustainment for the T56 engines powering the CC-130 Hercules and CP-140 Aurora aircraft and currently provide full comprehensive MRO , engineering and supply chain support under Canada 's recent performance based contract sustainment initiatives . ''

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

1

1

10

10

GE Aviation Team

67 Team Members

GE Aviation has 67 team members, including current Chief Executive Officer, President, Jean Lydon Rodgers.

Name

Work History

Title

Status

Jean Lydon Rodgers

Chief Executive Officer, President

Current

Russell Stokes

Chief Executive Officer, Senior Vice President

Current

Mo Mattocks

President

Current

Malik Ahmad CPA

Exela Technologies, Careselect Group, KPMG, and Ernst & Young

Chief Financial Officer

Current

Angela Cao CPA CFA MBA

Monsanto, and Shanghai Jiao Tong University

Chief Financial Officer

Current

Name

Jean Lydon Rodgers

Russell Stokes

Mo Mattocks

Malik Ahmad CPA

Angela Cao CPA CFA MBA

Work History

Exela Technologies, Careselect Group, KPMG, and Ernst & Young

Monsanto, and Shanghai Jiao Tong University

Title

Chief Executive Officer, President

Chief Executive Officer, Senior Vice President

President

Chief Financial Officer

Chief Financial Officer

Status

Current

Current

Current

Current

Current

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.