The F110-GE-129 engine is the only engine tested and integrated on the fly-by-wire F-15EX. (Image: General Electric)
General Electric announced on 9 November plans to divide into three separate, industry-leading, global public companies.
GE intends to spin-off Healthcare in early 2023, while GE Renewable Energy, GE Power and GE Digital will combine into one business in early 2024.
The remaining body of GE will transition into an aviation-focused company, shaping the future of flight.
GE Aviation is an important supplier of engines for many air forces. It has been awarded a number of significant contracts this year, including a $1.5 billion contract to supply F110 engines for the USAF’s Boeing F-15EX Eagle IIs announced 29 October.
This division is occurring as part of a restructuring project to reduce debt and reassure investors, a decision that has already paid off as stocks soared following the announcement.
It is now on track to reduce debt by more than $75 billion by the end of 2021 and bring its net-debt-to-EBITDA ratio to less than 2.5x in 2023.
As a result, GE is in a strong position to form three well-capitalised, investment-grade companies.
Fears have been raised over the impact on the UK submarine manufacturing infrastructure, as GE tried, unsuccessfully, to move facilities over to France in 2019.
Jeremy Quin addressed concerns during a recent defence committee, he stated: ‘I am pleased to confirm that there is a guarantee in place that the propulsion business [remains in Rugby] until 2024’ and added the Enterprise Act gives the power to intervene should it be necessary.
The use of air power by both sides in the ongoing conflict has been extensively focused on, influencing policy and procurement around the world. But are the lessons from the front line universally applicable, or should other nations be planning for very different scenarios?
Six Super Tucano aircraft were ordered in July 2024, with Paraguay the fifth South American country to add the aircraft to modernise its fleet.
The takeover of the Italian firm by Baykar solidifies the company’s efforts to forge closer ties with Italian industry, bolsters its partnership with Leonardo to produce UAVs and secures its foothold in Europe.
The F-15EX Eagle II had already been singled out for further funding in January 2025, when it was chosen to replace the A-10 aircraft for the US National Guard.
Spain’s Defence Minister told the Senate Defense Commission on 27 June of the decision to acquire Turkish Aerospace Industries’ (TAI) trainers as the country seeks to replace its Northrop F-5M aircraft.
The company has tested over 15 mission sets for the drone, with the rotorcraft used to demonstrate the viability of armed forces utilising large uncrewed aerial systems’ (UAS) for autonomous missions in the future.
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