GE Aerospace : 2024 Annual Shareholders Meeting - Q&A

Follow-up Q&A from the

GE Aerospace

2024 Annual Shareholders Meeting

The questions listed below were submitted by shareholders of GE Aerospace (General Electric Company or the Company) before or during the annual meeting held on May 7, 2024. We are providing answers to these questions to address topics that were not covered during the meeting, in accordance with the meeting's Rules of Conduct and Procedures (https://www.geaerospace.com/sites/default/files/ge_2024_annual_meeting_rules_of_conduct.pdf). Questions below are presented as submitted by shareholders, except for content removed for clarity, concision or in accordance with the Rules of Conduct and Procedures, and questions covering the same topic as a question addressed in the table below are not included.

Some of the answers below reference GE Aerospace's most recent Proxy Statement (available at https://www.geaerospace.com/sites/default/files/ge_proxy2024.pdf) and Governance Principles (available at https://www.geaerospace.com/sites/default/files/ge-aerospace-governance-principles_0.pdf), which provide additional information.

No.	Questions from shareholders	Answers
1.	Are the women on the Board compensated equal	Yes. Refer to pages 22 & 23 of our Proxy Statement for more information
	to the men on the Board?	about director compensation in 2023, including base compensation and
		additional compensation for Board leadership and committee roles.
2.	When will this Board realize that GE and other	Our compensation program for independent directors is designed to (i) fairly
	large corporations are over compensating director	pay directors for the work required at a company of our size and scope, as
	with PSU's? Even the cash compensations are	benchmarked against our peers, (ii) align directors' interests with the long-
	overboard in relation to what GE pays workers. I	term interests of our shareholders, and (iii) be simple, transparent and easy
	believe that your fight to bring in great directors	for shareholders to understand. Refer to pages 22 & 23 of our Proxy
	by means of compensations as caused world	Statement for more information about director compensation in 2023.
	problems. 10 to 20% should be max
	compensation compared to all workers. Thanks
	for finally raising our Dividends.
3.	Why is it necessary to have more than 7	Our Governance & Public Affairs Committee considers Board size on an
	Directors?	ongoing basis and each year in connection with proposing the slate of
		directors for election by shareholders. The Committee considers the Board's
		annual self-evaluations, trends with peer companies and investor feedback,
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No.	Questions from shareholders	Answers
		among other factors. Refer to page 12 of our Proxy Statement for more
		information about how the Board assesses its size and composition.
4.	At one time GE considered the availability of	GE Aerospace's commercial relationships with AerCap remain strong,
	leasing and financing options from corporate a	although we have now fully exited the equity stake in AerCap that we
	significant aid in the sale of large capital goods	received in 2021 in connection with combining our former GE Capital
	like aircraft engines. How does the company plan	Aviation Services financing and leasing business with AerCap. We continue
	to aid our customers in financing these sales in	to work with AerCap as well as the broader leasing community on an arms-
	the future?	length basis for the benefit of our customers.
5.	The Company has in place a director resignation	We have a majority vote standard applicable to the election of directors,
	bylaw that provides the Board post election	which is further implemented through our director resignation policy. Almost
	discretion to determine whether to accept or	90% of companies in the S&P 500 have similar director resignation policies.
	reject the resignation of an incumbent director	Our director resignation policy applies if an incumbent director does not
	who fails to be reelected. Does the bylaw	receive support from a majority of votes cast in an uncontested election, and
	undermine the voting rights of shareholders by	without the policy a director in this situation would remain on the Board
	allowing the Board to have the final say on the	under New York state law. Our director resignation policy allows the Board
	unelected director's status?	to balance state law and other considerations with the rights of shareholders
		to express their views through their vote.
6.	Why were we unable to provide the new F35	GE Aerospace was proud to be a part of the seven-year Air Force research
	fighters with our engines?	and development program known as the "adaptive engine transition plan" or
		AETP, which has received broad bipartisan support. Air Force and GE
		Aerospace funds for AETP resulted in the creation of GE Aerospace's
		XA100 adaptive cycle, three-stream engine. Our XA100 engine met all Air
		Force schedule, cost, and performance requirements. We continue to
		believe the XA100 engine represents the best option to ensure future U.S.
		air superiority. With 30% greater range, 20% greater acceleration and twice
		the thermal management capacity, the XA100 offers revolutionary new
		capabilities to meet the needs of our warfighter today and in the future.
		While we recognize the decision to upgrade the existing engine today for
		some future F-35s, our work on the XA100 serves as a strong foundation for
		future engines and positions us well on competitions for future fighter
		aircraft.
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