GE Aerospace Extends CEO Culp’s Contract Through 2027 (1)

General Electric Co. agreed to keep Chief Executive Officer Larry Culp in the top job at the aerospace manufacturer through at least 2027, removing him from the field of potential candidates to be Boeing Co.’s next CEO.

Culp could helm the company, which operates as GE Aerospace, through 2028 if he and the board agree, the company said in a securities filing on Monday.

The extension comes after Culp orchestrated a multiyear turnaround of the former conglomerate, culminating with the April spinoff of its energy-related businesses. That left GE Aerospace, the world’s largest maker of jet engines, as the ...