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Sandvik AB is a Swedish engineering company headquartered in Stockholm, specializing in high-tech engineering solutions. The company operates through several segments, including Sandvik Machining Solutions, which provides tools and tooling systems for industrial metal cutting; Sandvik Mining and Rock Technology, offering equipment and services for mining and rock excavation; and Sandvik Materials Technology, which focuses on advanced stainless steels and special alloys. Founded in 1862, Sandvik has a significant presence in over 160 countries, leveraging its extensive R&D capabilities and advanced manufacturing processes. The firm's strategic strengths lie in its innovation-driven approach and strong focus on customer productivity and safety improvements.

GE Aerospace is the global leader in designing, manufacturing, and servicing commercial aircraft turbine engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 80,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; General Electric became a storied conglomerate, with peak revenue of $130 billion in 2000, until it spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.