General Electric (GE) owns a powerhouse. Though news related to the company has been bearish for investors in recent months, some parts of the enterprise are alive and well. At its core, the firm is an aggregation of smaller (but still very large) businesses across a wide spectrum of industries, but the crown jewel is its Aviation segment. With strong financial performance and a positive reception of its newest product, the value-creating potential for investors here is tremendous.
Aviation is a great business
General Electric and its joint ventures have made 33 thousand engines in the commercial aviation space that are still in use. The revenue tied with these engines is material for the business, with the firm bringing in sales associated solely with those in the amount of $8 billion in 2016 (we are still waiting on 2017's numbers). On the services side, however, the commercial space is even larger. Revenue in 2016 for commercial aviation services came out to $11.4 billion.
