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General Electric Co (GE.N)

GE.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

General Electric's power services signed agreement to provide advanced gas path upgrades
9:59am EDT 

General Electric Co : General Electric -Ge’S power services signed agreement to provide advanced gas path upgrades for 2 GE 9FA gas turbines at caojing combined-cycle power station in china . General Electric - in addition, GE signed 25-year services agreement with Shanghai Caojing Co-Generation Co Ltd, owner of Caojing Power Station .General Electric - deal extends a previous services agreement signed by GE and Shanghai Caojing Co-Generation company in 2013.  Full Article

Suez says successfully placed 1.2 bln euros to finance GE Water acquisition
Monday, 27 Mar 2017 02:34pm EDT 

Suez :France's Suez said on Monday that following an announcement on March 8th of a project to acquire GE Water & Process Technologies together with Caisse de dépôt et placement du Québec, it has successfully priced an offering of 1.2 billion euros ($1.30 billion) in senior unsecured notes that constitutes the first step in refinancing the acquisition..  Full Article

GE Renewable Energy says to supply 3 Haliade offshore wind turbines in China
Monday, 27 Mar 2017 11:41am EDT 

General Electric Co :GE renewable energy says to supply 3 Haliade offshore wind turbines in China.  Full Article

Noble Corp announces partnership with GE
Monday, 27 Mar 2017 08:00am EDT 

General Electric Co : Noble Corporation-announces partnership with GE to collaborate on advanced data analytics system for offshore drilling rigs .Noble Corporation Plc - agreement calls for GE to initially deploy its digital asset performance management system on 4 Noble drilling rigs.  Full Article

Greencoat UK Wind buys Langhope rig wind farm from GE unit
Monday, 27 Mar 2017 03:45am EDT 

Greencoat UK Wind Plc : Acquisition of Langhope rig wind farm .Acquired Langhope rig wind farm from GE unit, GE Energy Financial Services, for a total consideration of 39.8 mln stg.  Full Article

General Electric says co and Sarawak Energy sign multiyear deal in Malaysia
Friday, 24 Mar 2017 08:22am EDT 

General Electric Co :Co and Sarawak Energy sign multiyear deal in Malaysia for Tanjung Kidurong Power Station, Bintulu.  Full Article

GE sets industrial unit 2017 operating profit target of $17.2 bln
Wednesday, 22 Mar 2017 09:16am EDT 

General Electric Co : General Electric Co - to set an industrial operating profit target of $17.2 billion for 2017 . General Electric Co - company is also targeting reduced industrial structural costs of $22.9 billion for 2018 . General Electric Co - increased its targeted reduction in industrial structural costs from a total of $24.9 billion in 2016 to $23.9 billion for 2017 . General Electric Co - based on discussions with Trian Fund Management, set an industrial operating profit target of $17.2 billion for 2017 . General Electric Co - company's board of directors modified performance framework for members of company's executive management team . General Electric Co - if neither of 2017 industrial operating profit target & industrial cost targets for achieved, bonuses will be decreased by 20% . General Electric Co - modified performance framework for executive management team so that 2017 bonuses will be increased or decreased based on achievement of targets .General Electric Co - for 2018, will review performance framework with goal to "further align incentives around most critical financial metrics".  Full Article

GE Transportation, DB Cargo to digitize 250 locomotives across Germany,U.K.,France,Poland
Wednesday, 15 Mar 2017 10:00am EDT 

GE Transportation:DB Cargo, GE transportation signed agreement to digitize 250 locomotives across Germany, U.K., France, Poland over next five years.  Full Article

Suez Environnement enters into binding agreement to purchase GE Water
Wednesday, 8 Mar 2017 01:20pm EST 

Suez Environnement Company SA : Will acquire along with CDPQ, in a 70/30 joint venture, 100% of GE Water . Enters into binding agreement to purchase GE Water & process technologies (“GE Water”) from General Electric Company for 3.2 billion euros ($3.37 billion) enterprise value in an all‐cash transaction . EPS accretive and positive free cash flow from year one ; double‐digit EPS accretion based on run‐rate cost‐synergies . Has a fully underwritten bridge financing in place for the transaction, contemplated to be refinanced through : a long‐term senior bond for c. 1.1 billion euros . Has a fully underwritten bridge financing in place for the transaction, contemplated to be refinanced through : hybrid bonds for c. 0.6 billion euros . Fully underwritten bridge financing to be refinanced through: capital increase of c. 0.75 billion euros; co main shareholders, confirmed intent to participate in the capital increase for their prorata share . Fully underwritten bridge financing to be refinanced through: c. 0.7 billion euros equity provided by CDPQ . Full benefit of cost and revenue synergies realized by year 5 . By year 5: 65 million euro impact on EBITDA from identified annual run‐rate cost synergies (of which 80 pct achieved in year 3) . By year 5: 200 million euro of revenue synergies per year . By year 5: iplementation costs, spread over 2017‐19, equal to one year of cost synergies.  Full Article

GE, Caithness announce power plant deal that could exceed $1 bln
Wednesday, 8 Mar 2017 08:45am EST 

General Electric Co : GE & Caithness announce innovative power deal that could exceed $1b to build multiple HA combined-cycle power plants in US . General Electric Co - agreement is expected to be effective March 31, and plants are projected to be developed throughout 2017 and 2018 . General Electric Co - equipment package that GE will deliver as part of agreement has a total value that could exceed $1 billion. . General Electric Co - this agreement will add to Caithness's growing fleet of ha gas turbines --bringing its total number to up to eight turbines . General Electric Co - expects to record orders for equipment and services over next 24 months . General Electric Co - GE expects to provide multi-year service agreements for continued maintenance and operation of each plant .GE - package configured to include up to 6 high-efficiency ha gas turbines, 6 steam turbines, 6 heat recovery steam generators and other equipment.  Full Article

More From Around the Web

BRIEF-General Electric's power services signed agreement to provide advanced gas path upgrades

* General Electric -Ge’S power services signed agreement to provide advanced gas path upgrades for 2 GE 9FA gas turbines at caojing combined-cycle power station in china