Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 0

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 0
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 to you (beginning on or about March 18, 2025) in connection with GE Aerospace’s solicitation of proxies for its 2025 Annual Meeting. General Electric Company operates as GE Aerospace. References to General Electric or GE in this Proxy Statement refer to the company as it existed prior to the spin-off of GE Vernova on April 2, 2024.

| GE                             
 Aerospace 2025 Proxy Statement | GE                 
 Aerospace          
 1 Neumann Way      
 Evendale, OH 45215 |

Letter from the Lead Director Fellow Shareholders, The past year marked the beginning of a new chapter for our company. Our Board is privileged to represent you amidst the great progress and success of GE Aerospace in its first year as an independent company. Through it all, the GE Aerospace team has continued to serve customers, achieve major program milestones and advance key technologies. The company also delivered strong financial performance for 2024, growing full-year operating profit and free cash flow by roughly 30% each. And we are confident that there is much room to build and improve upon this great start. Completing GE’s historic transformation, and launching GE Aerospace With the spin-off of GE Vernova last April, we completed GE’s multiyear strategic transformation into three independent public companies. That transformation has generated enormous value for shareholders, growing the combined market capitalization of GE Aerospace, GE Vernova and GE HealthCare by over $230 billion—more than triple—compared to the value of GE in November 2021 before the spin-offs were announced. Today, the GE Aerospace team is fully engaged in living our company’s purpose: inventing the future of flight, lifting people up and bringing them home safely. GE Aerospace enabled over three billion passengers to fly with our technology under wing in 2024, and there are nearly one million passengers in flight powered by our engines at any given time.* Those figures highlight the scale and significance of our installed base and industry leadership, but they also underscore the critical responsibility that we have for safety—and safety comes first in the GE Aerospace culture and operating model. Securing our CEO’s continued leadership One of the Board’s highest priorities following the GE Aerospace launch was securing long-term leadership for the new company. We were extremely pleased to announce an agreement last June with our Chairman and CEO Larry Culp to serve through 2027. Larry has proven himself to be an extraordinary CEO throughout his career, and his track record of strengthening GE’s businesses and generating shareholder value since he took the helm in 2018 speaks