Independent, publicly traded, and spending all day at the New York Stock Exchange. Visit NYSE today to be a part of history as we celebrate GE Vernova and GE Aerospace's first days listed. #GEBeginsAgain
Congratulations GE Vernova and GE Aerospace! Rooting for great success... with you, through you, and for you. GE once, now, forever! #crotonvillealumni Crotonville Alumni
Exciting times ahead! Congrats on the historic listing on the New York Stock Exchange. Wishing you all the best as you embark on this new chapter. #GEBeginsAgain 🎉🚀
GE
Ensuring Every screw is tightened with correct Torque each and every time.
Reason#2- Why you must upgrade to Advance "Counter + Torque Display System", i.e. ITMS- "INTELLIGENT TORQUE MONITORING SYSTEM" for Electric Screwdriver used in Assembly line.
#innovation #management #technology #industrialautomation #assembly #industrialequipment
Lifetime Achievement Award at Marquis Who's Who,Honored by IAOTP as Top Power Plant Consultant of the Year for 2020, Lifetime Achievement Award Honoree 2022 by IAOTP,Fellow American Biographical Institute
Congratulations. An Historical Day in the 130 years of Iconic GE.!
My observation on each of the two Separately Traded Companies:
[1] GE Vernova
- NUCLEAR Segment. During 50+ EPC Experience/DATABASE, GEH being
an important part of my Tiny Success and continued Participation related to
the Nuclear (Large Size Advanced Generation III+ Reactor and seemingly
"Game-changing" Highly Simplified SMRs as an important part of
Generating CLEAN/Safe/Reliable/24x7x365/High CF Energy)
- SMRs (Example: GEH BWRX-300.)
Great to hear what the CEO Scott Strazik said on CNBC today:
-- Small Modular Reactor is going to play an important Role in Energy
Transition.
-- We need to Triple Nuclear Capacity in the world BUT we need to do it
with something that we industrialize at scale that’s the EXACT SAME
PRODUCT OVER AND OVER AGAIN [Emphasis Added]**
** As opposed to seemingly past practice in the U.S. of "Custom
Design" with Owner Preferences.!
[2] GE Aerospace
- Every time I fly International Routes, seems to always ask a Question-whose
Engines are on the Aircraft. KNOWING :
-- GE's share of the Global Engine Market is over 50%.
-- GE9X, built for the forthcoming Boeing 777X, holds the Guinness World
Record title for thrust***, officially known as 'the most powerful
commercial aircraft jet engine (test performance)
*** 134,300 pounds.!
-- Global Leader in Propulsion both in Commercial and Military
Applications.
#DATABASE(1970-2024)
Independent, publicly traded, and spending all day at the New York Stock Exchange. Visit NYSE today to be a part of history as we celebrate GE Vernova and GE Aerospace's first days listed. #GEBeginsAgain
In the video that we show in the NYSE Board Room before each momentous Bell Ringing, we include a brief clip of legendary inventor Thomas Edison.
This morning, it caught the eye of Larry Culp, CEO of GE Aerospace (NYSE: GE), addressing colleagues as he presided over the last chess move of the trifurcation of General Electric into three separate publicly-traded companies: GE Aerospace, GE Vernova, and GE HealthCare.
“I couldn’t imagine doing this anywhere this morning but the NYSE,” Larry began. “I hope everyone saw the portrait, that’s smack in the middle, of Edison and the shoutout to engines. You can’t open up the New York Stock Exchange without turbomachinery,” he added.
Minutes earlier, NYSE President Lynn Martin welcomed Larry and his new GE VERNOVA counterpart, Scott Strazik, up to the stage. “I think about innovation every day in my job,” Lynn began. “And, in my mind, there are no two letters that better embody the spirit of innovation, and have always embodied the sprit of innovation in the past, and in the future of this country, than GE.”
Edison’s spirit of innovation loomed large over today’s proceedings.
My colleague, NYSE Archivist Dave D’Onofrio, compiled an overview of GE’s 132 years on the Big Board. It began on May 31, 1892, when General Electric Co. applied to list 400,000 shares of Thomson-Houston Electric Company, 150,000 shares of Edison General Electric Co., and 6,520 shares of Thomson-Houston International Electric Co. The combined listing was valued at $30.5 million, trading under the Ticker Symbol GE.
Going back further, Edison’s first commercial success was the stock ticker, improving on Edward Calahan’s 1867 invention. By 1872, Edison unveiled his Universal Stock Printer, which provided real time quotes to investors. When our current NYSE building was opened in 1903, electric power would be fed throughout by a series of GE switches. Later, in 1925, GE centrifugal compressors were introduced to power the Exchange’s pneumatic system, reducing the time to execute a trade by 30%.
At the podium, Larry reflected on where the GE story stands today. “900,000 people are aloft at this very moment with GE power under wing. That is an awesome responsibility.” Addressing the VERNOVA team, he added, “If there’s anything the world needs at this very moment, it’s a company capable of leading the energy transition at scale, in whatever form that will take -- that’s no small mission.”
Larry summed up the moment before Lynn escorted the teams down to the NYSE Trading Floor to ring the Opening Bell. “If we look back to 1893, it was GE’s first CEO, Charles Coffin, who wrote in our first annual report, we’re putting GE together, the result of three companies coming together. And as you think about where we are today, with healthcare not too far away, we’ve come full circle.”
You can watch all of the proceedings on one of the two simultaneous broadcasts of NYSE TV that aired this morning.
https://lnkd.in/eHmvEzSJ
Today, Terran Orbital Corporation received written notice from the NYSE (New York Stock Exchange) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period. The NYSE notice does not result in the immediate delisting of the Company’s common stock from the NYSE.
In the same day, Terran strategically announced that they were awarded a contract with Lockheed Martin to build satellite buses for Transport Layer Tranche 2.
#spaceexploration#publicspacecompanies#delistingwarning
A few weeks ago, I posted an article about the four key KPIs that Aftermarket OEMs should follow. (I will include the link in the comments.) One of the companies I specifically mentioned is GE Aerospace. I showed how they lost money on product sales and made a substantial margin on Services.
Today, the Motley Fool posted an article on NASDAQ.com about GE that went into great detail about how GE Aerospace works.
You should start with the Motley Fool article and follow up with my post.
#GEaerospace#Motleyfool#service revenue
In the News: Arlington Capital forms new manufacturing company Kinetic Engine Systems
🌟 Discover the latest in the world of FDI and Business! Check out this insightful piece. 💡🌍
Kinetic was formed through the combination of the engine assets of existing Arlington portfolio company Cadence Aerospace and the newly completed acquisitions of Walbar Engine Components, Numet Machining Techniques, LLC and AeroCision, LLC.
🔗 [Learn more: https://lnkd.in/dJ8y8Z22]
🗨️ Join the Discussion! Your opinions are invaluable. #Comment below to share your views, ask questions, or start a conversation. We're excited to engage with each comment and hear what you think!
Join as a Partner and Professional:
FDI Alliance: www.fdialliance.com
Valqus Accounting and Business: www.valqus.com#FDI#Invest#Trade#TradeandInvest#InvestmentPromotion#Markets#Business#Accounting
Teledyne Technologies Surpasses Q2 Earnings Estimates
https://ift.tt/dUGan8x
Teledyne Technologies (NYSE: TDY) came out with quarterly earnings of $4.58 per share, beating the Zacks Consensus Estimate of $4.49 per share. This compares to earnings of $4.67 per share a year ago. These figures are adjusted for non-recurring items.
read more
via Benzinga - Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals https://ift.tt/t5oXglY
July 24, 2024 at 03:06PM
SK Capital Partners, a private investment firm, agreed to acquire the North America composites & fuel containment division of Parker Hannifin Corporation, a provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets. Financial terms were not disclosed.
“CFC has a rich heritage in providing differentiated material science solutions for leading customers across the aerospace and defense sector. Our firm is privileged to be partnering with CFC’s team to continue delivering excellence for its customers and their mission-critical applications,” Jared Kramer, SK Capital Principal.
SK Capital is advised by J.P. Morgan, Latham & Watkins and BackBay Communications (led by Jeremy Milner). Debt financing is provided by HPS Investment Partners, LLC.
Parker Hannifin is advised by Lazard and Jones Day (led by Pat Leddy).
#MergersAcquisitionsDivestitures#PrivateEquity#CarbonFiber
Congratulations GE Vernova and GE Aerospace! Rooting for great success... with you, through you, and for you. GE once, now, forever! #crotonvillealumni Crotonville Alumni