Key Developments: General Electric Co (GE.N)

GE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

General Electric Co's GE Healthcare introduces next generation pocket-sized ultrasound - Vscan with dual probe
Monday, 18 Aug 2014 12:54pm EDT 

General Electric Co:Says GE Healthcare introduces Vscan with Dual Probe with first of its kind 2-in-1 probe to give healthcare providers more uses for pocket ultrasound.This powerful pocket-sized ultrasound tool houses two transducers in single probe, allowing clinicians to see both shallow and deep views of the body without changing probes.This latest innovation enables efficient triage and fast workflow, which may lead to time and cost savings in many point of care settings.  Full Article

General Electric Co's distributed power on-site technologies supporting Algeria's Soaring Energy Needs
Tuesday, 5 Aug 2014 11:00am EDT 

General Electric Co:Says its Distributed Power business announced orders for eight trailer-mounted GE TM2500+ aeroderivative gas turbine-generators and the first Jenbacher gas engine project in Algeria.Under the terms of a $161 million contract, GE's Distributed Power business is helping Algeria address its peak power demands and strengthen local grid reliability by supplying Sonelgaz with a fleet of eight TM2500+ aeroderivative gas turbine-generators on an expedited basis.Eight units are scheduled to begin commercial operation at the beginning of Aug. 2014.Contract also includes related services, which GE will supply in combination with partner Power Projects Limited, the Turkish subsidiary of METKA S.A.  Full Article

General Electric's Energy Financial Services and Casillas Petroleum Partner to acquire oil and gas reserves from Cimarex Energy Co
Tuesday, 5 Aug 2014 09:00am EDT 

General Electric Co:Says GE unit, GE Energy Financial Services has partnered with Casillas Petroleum Corp. to purchase oil and gas reserves in southwest Kansas from Cimarex Energy Co.Purchase marks the first collaboration between GE and Casillas Petroleum.Financial details were not disclosed.  Full Article

General Electric's GE Energy Financial Services invests in Atria Power's Wind Farms in India; Supports $1 bln annual renewable energy investment commitment
Monday, 28 Jul 2014 08:00am EDT 

General Electric Co:Says GE unit (GE) GE Energy Financial Services has invested equity in three Atria Power wind projects under construction in India, supporting GE's commitment to invest $1 bln annually in renewable energy projects worldwide.Wind farms will have a combined capacity of 126 megawatts and will support the Indian Ministry of New and Renewable Energy's program to generate competitively priced grid-interactive wind power through feed-in tariffs.Financial details were not disclosed.Located in Ananthapur district of Andhra Pradesh, the 25.6-megawatt first project is expected to reach commercial operations in Sept.Two other projects, each 50 megawatts, are located in Betul district of Madhya Pradesh, and are expected to reach commercial operations in Dec and June 2015 respectively.Off-take arrangements for the projects have not yet been finalized.Projects will use GE 1.6-87.5 wind turbines, serviced by GE under an operations and maintenance agreement, to generate 76 megawatts of the total capacity.Additional turbines will be supplied and serviced by another manufacturer to generate 50 megawatts. Atria Power is managing construction and operations.  Full Article

General Electric Co's GE Aviation and its Joint Ventures Garner more than $36 bln in orders/commitments at 2014 Farnborough air show
Thursday, 17 Jul 2014 08:51am EDT 

General Electric Co:Says its GE Aviation and its joint venture companies, including CFM International, a 50/50 joint company between GE and Snecma (Safran), announces more than $36 billion in orders and commitments at Farnborough Air Show.Orders/commitments include; Emirates airline signed a 12-year OnPoint(SM)solution agreement with GE for the MRO on its new GE9X engines for its 150 Boeing 777X aircraft.American Airlines selected CFM International's advanced LEAP-1A engine to power its 100 Airbus A320neo aircraft.EasyJet announced an order for 270 engines, including 200 LEAP-1A engines to power its Airbus A320neo and 70 CFM56-5B engines to power additional A320ceo aircraft.Air Lease Corporation selected GEnx-1B engines to power 30 Boeing 787 Dreamliner aircraft and six GE90-115B-powered Boeing 777-300ER aircraft.Air Lease Corporation announced an order for 40 LEAP-1B engines to power 10 new Boeing 737 MAX 8 aircraft as well as 10 additional MAX 8 aircraft.China's 9 Air ordered LEAP-1B engine to power 30 Boeing 737 MAX aircraft, in addition to CFM56-7B engines to power 20 Next-Generation 737s.Interjet selected LEAP-1A engine to power its fleet of 40 Airbus A320neo aircraft.Monarch Airlines is finalizing terms of a purchase agreement for 30 Boeing 737 MAX aircraft, to be powered by LEAP-1B engines.Qatar Airways made a commitment for the purchase rights of an additional 50 GE9X-powered Boeing 777-9X aircraft.  Full Article

General Electric Co 'sGE Aviation and Barco`s Defence & Aerospace division sign collaboration agreement
Wednesday, 16 Jul 2014 10:09am EDT 

General Electric Co:Says GE Aviation and Barco`s Defence & Aerospace division signs MOU for collaboration in development of new family of open system cockpit display products, targeted at display and avionic system applications for helicopters.  Full Article

9 Air places order for Safran and General Electric joint venture CFM International engines
Tuesday, 15 Jul 2014 08:00pm EDT 

Safran SA:China's 9 Air places order for CFM International's LEAP-1B engine to power 30 Boeing 737 MAX aircraft, in addition to CFM56-7B engines to power 20 737s.CFM values order at $3.7 bln at list price, including spare engines and long-term service agreement.CFM is subsidiary Snecma 50/50 joint venture with General Electric Co.  Full Article

Hainan Airline commits to purchase Boeing 737 MAX aircraft powered by Safran and General Electric joint venture CFM International
Tuesday, 15 Jul 2014 08:00pm EDT 

Safran SA:Announces Hainan Airline's commitment to purchase 50 CFM-powered Boeing 737 MAX aircraft.Final order valued at $1.3 bln at list price.CFM International is 50/50 joint venture of subsidiary Snecma and General Electric Co.  Full Article

General Electric Co wins orders from Lee Air for High Density Avionics Interface
Tuesday, 15 Jul 2014 11:00am EDT 

General Electric Co:Says its GE Intelligent Platforms secured orders from Lee Air of Wichita, Ks for substantial quantities of GE's CEI-430 high density ARINC 429 intelligent interface for PC/104(tm)-Plus which will be deployed within Cessna aircraft avionics systems.CEI-430 provides complete, integrated databus functionality for up to 24 channels of ARINC 429 or 575 along with ARINC 717, 573 and other selected 2-wire, 32-bit protocols, on a PC/104-Plus or PCI-104 platform.  Full Article

General Electric Co's GE Aviation and SpiceJet Airlines of India sign flight efficiency services contract for airline's entire fleet
Tuesday, 15 Jul 2014 09:44am EDT 

General Electric Co:Says SpiceJet Airlines has selected GE's Flight Efficiency Services (FES) to support its fleet of 52 Boeing 737 and Bombardier Q400* aircraft.GE will provide flight data analytics and fuel management to optimize the airline's operational efficiency with the goal of substantially reducing fuel expenses for the airline.  Full Article

U.S. Ex-Im Bank backers pin hopes on temporary reauthorization

WASHINGTON - Business backers of the U.S. Export-Import Bank said on Wednesday they hope the institution's charter will be extended temporarily while Congress hashes out a longer-term reauthorization of the bank, which some lawmakers are bent on closing.

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