GE Aerospace, which marked its first anniversary as a standalone public company on April 2, 2025, is soaring to new heights. The company had a “monumental” financial performance in 2024, which included $1.7 billion of profit growth and $1.3 billion of free cash flow growth. In an interview on the occasion, GE Aerospace’s Chairman and CEO Larry Culp explained why GE Aerospace’s success is about more than just the numbers, and shared insights into the company’s journey, and its unique culture of innovation, and giving back to the society, what it has received, i.e. help and support.
Describing the last one year’s journey as an incredible one, Culp said that he felt proud of what his team has accomplished together with company’s customers and industry partners. He said, our launch last year as a standalone public company was the springboard for a monumental first year for GE Aerospace. Since this time last year, GE Aerospace has increased its market cap by approximately $65 billion while delivering strong financial results in 2024, with total orders up 32% to $50.3 billion, revenue up 9% to $38.7 billion, and profit up 27% to $7.6 billion
The GE Aerospace team shined brightest in one of America’s darkest hours: Hurricane Helene and the devastation it left behind in western North Carolina, including for the company employees and their families in Asheville
Culp further pointed out that following a year of so many historic moments for the company, perhaps what stands out most is the way the GE Aerospace team shined brightest in one of America’s darkest hours: Hurricane Helene and the devastation it left behind in western North Carolina, including for the company employees and their families in Asheville. Through the darkness, it was remarkable to see its team members and the impacted community come together to support one another — providing everything from food and water to portable showers and generators. Even those who had suffered loss were selflessly looking to help others. They represented GE Aerospace at its finest.
Culp further said that with the spirit of Asheville in mind, GE Aerospace is proud to celebrate its first anniversary as a standalone business by giving back to the communities where we live and work. During the company’s first-ever Volunteer Week, taking place March 31 through April 10, its teams around the world participated in more than 80 volunteer activities with local food banks, schools, veterans’ centres, and other organisations across nearly 40 of its global facilities.
During the company’s first-ever Volunteer Week, taking place March 31 through April 10, its teams around the world participated in more than 80 volunteer activities with local food banks, schools, veterans’ centres, and other organisations building on more than 30,000 volunteer hours from its employees in 2024
This builds on more than 30,000 volunteer hours from its employees in 2024, in addition to more than $21.5 million in philanthropic contributions from the company, employees, and the GE Aerospace Foundation last year. A lot to feel good about and a great way to mark our anniversary.
Thanking GE Aerospace’s employees, Culp said that their dedication, innovation, and commitment to the company’s purpose are what make GE Aerospace a leader in the industry.
