GE Aerospace has a rich history that spans over a century, dating back to 1907 when it was founded as a division of the General Electric Company.
The company has undergone significant transformations over the years, with notable milestones including its spin-off from General Electric in 2021, making it an independent entity.
GE Aerospace is now a leading provider of advanced jet engines and other aerospace technologies, with a presence in over 100 countries.
The company's history is closely tied to the development of aviation, with its early innovations in aircraft engines playing a crucial role in shaping the industry.
GE Aerospace Ownership Structure
GE Aerospace is a subsidiary of General Electric (GE), but it has its own ownership structure. The largest shareholder of GE Aerospace is the company's officers and directors, holding 7,253,324 shares.
The beneficial owners of GE Aerospace include a mix of individual directors and institutional investors. Stephen Angel, a director of GE Aerospace, holds 11,061 shares. Edward Garden, another director, holds 4,016,414 shares.
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The institutional investors with significant stakes in GE Aerospace include The Vanguard Group, which owns 8.1% of the company's shares, and Capital Research, which owns 7.6%. BlackRock, Inc. and Fidelity Management & Research are also among the top beneficial owners of GE Aerospace.
Here's a breakdown of the top beneficial owners of GE Aerospace:
GE Aerospace Post-Split Ownership
GE Aerospace has a complex ownership structure, with various entities holding shares. The company's largest shareholder is the beneficial owners, who collectively own 33.2% of the company.
The beneficial owners include individuals such as H. Lawrence Culp, Jr. and Stephen Angel, who own significant shares. H. Lawrence Culp, Jr. owns 1,955,661 shares, while Stephen Angel owns 11,061 shares.
The Vanguard Group, Capital Research, BlackRock, Inc., Fidelity Mgmt & Research, and Capital International are among the top beneficial owners of GE Aerospace. These entities collectively own around 21% of the company.
Here's a breakdown of the top beneficial owners:
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