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General Electric intends to spin-off its healthcare and energy segments in 2023 and 2024, respectively.
“At GE we have always taken immense pride in our purpose of building a world that works. The world demands—and deserves—we bring our best to solve the biggest challenges in flight, healthcare, and energy," said GE CEO Lawrence Culp in a statement. "By creating three industry-leading, global public companies, each can benefit from greater focus, tailored capital allocation, and strategic flexibility to drive long-term growth and value for customers, investors, and employees."
Stock value in GE went up, especially after GE Aviation nabbed a big $1B contract from the Air Force last week. No crazy climbs, though.
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