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General Electric's aerospace division, GE Aerospace, has split from the conglomerate, leading to a surge in GE Aerospace stock. CEO Larry Culp and the team are praised for the successful transition. Meanwhile, Boeing faces challenges as outgoing CEO Dave Calhoun decides not to stand for re-election to the Caterpillar board. Analysts are optimistic about the aerospace and defense sector, with revised targets showing growth potential. Boeing and Airbus are exploring a deal to divide operations of Spirit Aerosystems. GE's historic conglomerate model is now a thing of the past, with investors valuing the newly separated entities more than the pre-split package.
The Boeing headquarters is "an empty executive suite." Leadership is scattered around the country. They fly in for meetings on the company's private jets. And they do not love building airplanes. A damning interview from a long-time Boeing insider: https://t.co/HfGqIiiA5K
A fresh start could help Boeing get flyers' trust back https://t.co/dSIvbRHOmj via @BW
Trendlines: In the case of General Electric’s just-completed three-way corporate breakup, investors are putting a higher value on the pieces than the pre-split package, writes @GlobeNewsEd. And that was what chief executive Larry Culp intended. https://t.co/2j10A5JQDC
