General Electric (GE) Announces $15B Share Buyback

On March 7, 2024, General Electric (NYSE: GE) announced in connection with the 2024 GE Aerospace Investor Day presentation that the Company’s Board of Directors (the “Board”) has provided a new authorization for up to $15 billion of common share repurchases. This authorization will take effect and replace the prior $3 billion authorization from 2022 after the completion of the planned spin-off of GE Vernova, at which time the Company will operate as GE Aerospace. Repurchases may be made from time to time in the open market, in privately negotiated transactions or in such other manner as determined by the Company. The timing of any repurchases and the actual amount repurchased would depend on a variety of factors, including the market price of the Company’s shares, general market and economic conditions and other factors. The share repurchase authorization does not obligate the Company to acquire any particular amount of common shares. The authorization has no specified expiration date and may be amended or terminated at any time without prior notice.

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