Bengaluru, Apr 3 (Reporter)GE Aerospace has announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off. With this, GE Aerospace is now listed on the New York Stock Exchange under the ticker symbol "GE". The opening bell ceremony at the NYSE was conducted jointly by GE Aerospace and GE Vernova. Legal counsel for the spin-off was provided by Paul, Weiss, Rifkind, Wharton & Garrison LLP, while Evercore, Morgan Stanley, and PJT Partners served as lead financial advisors, according to company release. GE Aerospace is set to release its first-quarter 2024 earnings on April 23, 2024, and will host an earnings call at 7:30 am ET. The document includes cautionary language regarding forward-looking statements, highlighting the uncertainties and risks that could impact GE Aerospace's future performance. These risks include changes in market conditions, supply chain disruptions, and macroeconomic factors. GE Aerospace does not undertake to update its forward-looking statements, acknowledging the inherent uncertainties in predicting future events. H Lawrence Culp Jr, Chairman and CEO of GE Aerospace, expressed pride in the team's efforts and dedication to achieving this milestone. He emphasized the company's commitment to innovation and its mission to shape the future of flight, prioritizing safety and service excellence. GE Aerospace will leverage its proprietary lean operating model called FLIGHT DECK to maximize its potential in serving customers, employees, and shareholders. With a significant global presence, GE Aerospace enters the market as a leader in propulsion, services, and systems, boasting an installed base of approximately 44,000 commercial engines and 26,000 military and defense engines worldwide. In 2023, the company generated around $32 billion in adjusted revenue, with services contributing to 70 percent of the total revenue, underlining the importance of the engine aftermarket. During its Investor Day in March, GE Aerospace reaffirmed its 2024 guidance and presented a long-term financial outlook, aiming to achieve around $10 billion of operating profit in 2028. The company outlined its capital allocation framework, emphasizing investments in growth and innovation while returning a significant portion of available funds to shareholders. The launch of GE Aerospace marks the completion of GE's comprehensive financial and operational transformation. Over recent years, GE has significantly strengthened its business, including reducing debt by over $100 billion since 2018. The implementation of lean practices and a customer-centric culture has further enhanced the company's resilience and competitiveness...////...