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  • tanishasahu0911

    •

    3 months

    General Electric Aerospace Annual Report and Other Important News

    Hey guys, any $GE investor here? If you missed it, General Electric just launched its[ first annual report](https://www.geaerospace.com/investor-relations/annual-report) as a standalone company. Its CEO, Larry Culp, presented GE’s great results with a $1.7B profit growth and $1.3B free cash flow growth. And announced plans to buy back $7B worth of stock this year and boost its dividend by 30%.  Profit at GE Aerospace’s key commercial engines and services segment rose 44% with revenue of $7.65B. So, it seems like an outstanding first solo year for GE. However, despite the strong results, Culp said the company continued to see supply chain issues, and that they’re working on it to keep improving this area. About safety, he mentioned that the company had spent $2.7B in research and development to keep improving its engines. It seems like it was a great year for the company. We’ll see how they handle things (including new governmental dispositions) this year.  In other news, the court already approved the $362M investor settlement over claims that the GE Power segment's poor performance resulted in an overestimation of its 2017 guidance and shareholders' losses. You can check the details and [file for payment here](https://11thestate.com/cases/geaerospace-investor-settlement). Anyways, do you think they could keep these good results in the next quarter?
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