GE Aerospace: Full Throttle - [Business Breakdowns, EP.234]

In this episode of Business Breakdowns, Matt Reustle interviews Ramesh Narayanaswamy, co-founder and portfolio manager of Tubian Partners, about GE Aerospace. Ramesh provides an overview of GE Aerospace, detailing its commercial and military engine businesses, market shares, and revenue streams. The discussion covers the history of GE, Larry Culp's role in deconglomeration, and the complexities of the jet engine industry. They explore the revenue model, growth drivers, cyclicality, and capital allocation of GE Aerospace, as well as potential risks and valuation methods. The conversation also highlights lessons applicable to other businesses, such as the importance of management culture, scarcity, and understanding the bifurcation of buyers and users.