81.1 F
Fort Worth
Saturday, September 26, 2020
- Advertisements -
Energy GE names aviation chief as vice chairman in nod to aerospace

GE names aviation chief as vice chairman in nod to aerospace

Other News

Wall Street posts solid gains after surge in corporate deals

By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers Wall Street kicked off the week with a broad...

Tarrant County ranks low in work-from-home study by NAR

North Texas ranks pretty high in the “Work from Home” category, according to a just-released study by the National Association of Realtors....

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for September delivery rose 31 cents to settle at $41.60 a barrel Monday. Brent crude...

Trump to discuss energy, tour oil rig, raise money in Texas

By DARLENE SUPERVILLE Associated PressWASHINGTON (AP) — President Donald Trump will shift his focus to American energy dominance during a stop in...

General Electric Co. picked the head of its jet-engine business to become a vice chairman, reflecting the increasing prominence of aerospace manufacturing within the company.

David Joyce, chief executive officer of GE Aviation since 2008, will oversee that business and 3D technology, GE said in a statement Monday. He was appointed leader of 3D printing operations, also known as additive manufacturing, on Sept. 6 as the Boston-based company announced plans to acquire a pair of companies in the field.

Joyce has held several roles in GE’s military- and commercial-engine operations since joining the company in 1980. Under Joyce, GE Aviation has become GE’s largest division, with sales increasing 28 percent in that span to $24.7 billion last year. GE, through the CFM International venture with France’s Safran SA, recently introduced the Leap engine, a fuel-efficient model powering new aircraft from Boeing Co. and Airbus Group SE.

He joins John Rice, who runs GE’s global operations, and Beth Comstock, the head of business innovations, as vice chairmen. Keith Sherin, who has held the title since 2007, plans to retire at year-end. GE vice chairmen don’t hold seats on the board.

- Advertisements -
- Advertisements -

Latest News

New measurements show moon has hazardous radiation levels

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — Future moon explorers will be bombarded with two...

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for November delivery rose 33 cents to $39.93 a barrel Wednesday. Brent crude oil for...

Breach at software provider to local governments, schools

By FRANK BAJAK and JAKE BLEIBERG Associated PressDALLAS (AP) — A major provider of software services for governments and schools across the...

Closing prices for crude oil, gold and other commodities

The Associated Press Benchmark U.S. crude oil for October delivery rose 81 cents to $40.97 a barrel Thursday. Brent crude oil for...

U.S. Energy Development Corp. announces $8.5 million deal in the Permian Basin

U.S. Energy Development Corporation, an exploration and production firm that provides direct investments in energy, has announced an interest in a horizontal...