Munger Mode rating: 3 out of 5 — Hold. Our own rating from the research report below, on business quality first: moat durability and management, with price separating the top three.
Charlie liked to say the best business is a toll bridge: build it once, then collect from everyone who must cross for decades. GE Aerospace is a toll bridge with wings. Let's be clear about what "GE" means today, because the ticker carries a century of baggage that no longer applies. The sprawling conglomerate — the one that owned television networks, locomotives, light bulbs, wind turbines, MRI machines, and a shadow bank that nearly sank the whole ship in 2008 — is gone. It was dismantled in a three-way split: GE HealthCare spun off in January 2023, GE Vernova (power and wind) in April 2024. What remains under the GE ticker is the crown jewel: GE Aerospace, a pure-play maker of jet engines. The company reports in two segments: Commercial Engines & Services (CES) — roughly three-quarters of revenue and the great bulk of profit.
Recent filings analysed: 8-K (2026-09-08), 8-K (2026-06-25), 8-K (2026-06-11), 8-K (2026-05-07).
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