Cincinnati is gaining another public company, one that will immediately join the upper echelons of the Fortune 500 upon its debut.
GE Aviation, the predecessor of Aerospace, has called Evendale home since 1948 when it moved into the Wright Aeronautical piston engine factory complex two years before the nation’s entrance into the Korean War.
“GE Aerospace continues to have a strong commitment to Cincinnati and the surrounding community, and our headquarters functions will remain here following our transition to a stand-alone public company in early 2024,” a company spokesman told the Business Courier in a statement.
Positioning Greater Cincinnati as the obvious headquarters for the publicly traded aviation firm jumped immediately to the mind of Jill Meyer, CEO of the Cincinnati USA Regional Chamber, when she heard that GE was splitting itself into three pieces.
“Locating here alongside Procter & Gamble, Kroger, all of our other great companies, really makes a statement, telling the world this is a great place to be,” Meyer said.
GE Aerospace is dominant in its industry. Together with sister firm CFM International, a West Chester Township-based joint venture with French company Safran, the aviation giant is responsible for 70% of the global commercial engine market.
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