GE Aerospace CEO Larry Culp will join President Trump as he travels to China this week.
Culp is one of more than a dozen CEOs and top executives who are part of the U.S. delegation. Others include Tech entrepreneur Elon Musk and Apple CEO Tim Cook. Trump is set to depart on May 12 for Beijing, making what will be the first trip to China from a U.S. president since Trump’s 2017 visit. The trip includes a high-stakes meeting with Chinese President Xi Jinping following a yearlong trade war between the world’s two largest economies and as global oil markets roil amid the Iran war.
Why GE Aerospace is joining Trump on the trip
The U.S. and China are expected to agree to forums to facilitate mutual trade and investment, while China is expected to announce purchases related to Boeing airplanes, American agriculture and energy, Reuters reported earlier on Monday.
China and the U.S. planemaker have been in prolonged talks for a deal that industry sources say could include 500 737 MAX jets, plus dozens of widebody jets powered by GE engines. It would be the country’s first major Boeing order since 2017, and any announcement of the order would be viewed as a major win for the leaders’ summit. It could also represent the single largest airplane order in history.
Major business deals or purchases are often announced during summit meetings between China and the United States.
What is GE Aerospace?
Based in the Cincinnati suburb of Evendale, GE Aerospace makes and services engines for both commercial and military aircraft. It employs 9,000 employees in southwest Ohio or Northern Kentucky.
GE Aerospace’s official move to suburban Cincinnati in the spring 2024 formally minted the Queen City another Fortune 500 company.
Long based in Evendale, GE Aerospace became a standalone company when its former parent company, Boston-based General Electric, completed its split into three separate corporations.
This article originally appeared on Cincinnati Enquirer: GE Aerospace CEO Larry Culp to join Trump on trip to China
Reporting by USA Today and Reuters / Cincinnati Enquirer
USA TODAY Network via Reuters Connect
