Smiths Aerospace was formerly one of four business units of Smiths Group plc., an engineering company and constituent of the FTSE 100 share index. However, it was announced on January 15, 2007 that Smiths Group was divesting Smiths Aerospace to General Electric for US $4.8 billion. Smiths Aerospace, which was an important supplier, became an operating subsidiary of GE Aviation. This acquisition reportedly gives the combined unit the clout to resist pricing pressures from its two largest customers, Boeing Commercial Airplanes and Airbus. Analysts further assert that it will enable General Electric to acquire assets similar to those it desired in its failed bid for Honeywell in 2000. GE Aviation closed the transaction on May 4, 2007.
Its electronic and mechanical systems businesses include integrated modular avionics, flight management and stores management systems, recording and analyzing of voice, video and data. Crew information and mission planning. Other products include power generation and distribution, fuel gauging, management and aerial refueling systems and environmental conditioning. Systems essential to aircraft performance includes flight controls, thrust reversers, landing gear and hydraulic systems.
The engine component capabilities include engine ring technology, supplying complex gas turbine engine components to every major engine program worldwide.
The company also operates a global customer services organization that supports 1,500 customers in 140 countries through a network of local centers.