GE Aerospace
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GE Update

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I like Larry Culp as a CEO. I like the recent moves they've been making:

1. GE Healthcare launched a new wireless hand held ultrasound named "Vscan Air." GE Healthcare estimates that the market for hand held ultrasounds will grow as big as $1billioin in the next decade and they want to capture 30% of market buy 2025! This bad baby connects to a smartphone app and is entirely wireless. The device can also be used by traines health-care providers to quickly evaluate blood flow, gallbladder disease and assess and monitor Covid-19 through a lung exam.

2. Aercap merged with GE's jet leasing unit. Aercap agreed to pay $25 billion in cash and $6.7 billion in shares. GE gets $24 billion cash I believe towards their current $50 billion dollar GE Capital debt. This isn't the best news, but it shows that my boy Larry is on to something.

Details in photo!


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