Profile: General Electric Co (GE)
28 Jul 2016
General Electric Company (GE), incorporated on April 15, 1892, is a global digital industrial company. The Company's products and services range from aircraft engines, power generation and oil and gas production equipment to medical imaging, financing and industrial products. The Company's segments include Power, Renewable Energy, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting, and Capital.
The Company's Power segment serves power generation, industrial, government and other customers around the world with products and services related to energy production and water reuse. The Company's products and technologies harness resources, such as oil, gas, coal, diesel, nuclear and water to produce electric power and include gas and steam turbines, full balance of plant, upgrade and service solutions, as well as data-leveraging software. The Company's Gas Power Systems offers a spectrum of heavy-duty and aeroderivative gas turbines for utilities, independent power producers and industrial application, from small, mobile power to utility scale power plants. Its Steam Power Systems offers steam power technology for coal and nuclear applications, including boilers, generators, steam turbines, and Air Quality Control Systems (AQCS) to help efficiently produce power and provide performance over the life of a power plant.
The Company's Power Services delivers maintenance, service and upgrade solutions across total plant assets and over their operational lifecycle, leveraging the Industrial Internet to improve the performance of such solutions. Its Distributed Power provides technology-based products and services to generate power at or near the point of use. The product portfolio features fuel flexible industrial gas engines, including Jenbacher and Waukesha engines, which generate power for numerous industries globally. The Company's Water & Process Technologies provides chemical and equipment solutions and services to help manage and optimize water resources across numerous industries and municipalities, including water treatment, wastewater treatment and process system solutions. Its GE Hitachi Nuclear offers advanced reactor technologies solutions, including reactors, fuels and support services for boiling water reactors, and are offered through joint ventures with Hitachi and Toshiba, for safety, reliability and performance for nuclear fleets.
The Company's Renewable Energy segment offers renewable power sources. Renewable Energy offers solutions from onshore and offshore wind, hydro and low carbon technologies. The Company's Onshore Wind provides technology and services for the onshore wind power industry by providing wind turbine platforms, and hardware and software to optimize wind resources. Digital Wind Farm is a site level solution to improve its customers' fleet operations. The Company's Offshore Wind offers its high-yield offshore wind turbine, Haliade 150-6megawatts, which is compatible with bottom fixed and floating foundations. It uses the pure torque design and the advanced high-density direct-drive permanent magnet generator. Wind services support customers over the lifetime of their fleet. The Company's
Hydro provides a range of solutions, products and services to serve the hydropower industry from initial design to final commissioning, from low head/medium/high head hydropower plants to pumped storage hydropower plants, small hydropower plants, concentrated solar power plants, geothermal power plants and biomass power plants.
Oil & Gas
The Oil & Gas serves all segments of the oil and gas industry, from drilling, completion, production and oil field operations, to transportation via liquefied natural gas (LNG) and pipelines. In addition, Oil & Gas provides industrial power generation and compression solutions to the refining and petrochemicals segments. Oil & Gas also delivers pipeline integrity solutions and a range of sensing, inspection and monitoring technologies. Oil & Gas exploits technological innovation from other GE segments, such as Aviation and Healthcare, to continuously improve oil and gas industry performance, output and productivity. The Company's Turbomachinery Solutions (TMS) provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry. Its portfolio includes drivers (aero-derivative gas turbines, heavy-duty gas turbines and synchronous and induction electric motors), compressors (centrifugal and axial, direct drive high speed, integrated, subsea compressors and turbo expanders), and turn-key solutions (industrial modules and waste heat recovery).
The Company's Subsea Systems & Drilling (SS&D) provides a portfolio of subsea products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface. In addition, the sub-segment designs and manufactures onshore and offshore drilling and production systems and equipment for floating production platforms and provides a range of services related to onshore and offshore drilling activities. The Company's Measurement & Controls (M&C) provides equipment and services for a range of industries, including oil and gas, power generation, aerospace, metals, and transportation. The offerings include sensor-based measurement; non-destructive testing and inspection; turbine, generator and plant controls and condition monitoring, as well as pipeline integrity solutions. The Company's Surface provides products and services for onshore oil and gas wells and manufactures artificial lift equipment for extracting crude oil and other fluids from wells. Its Specific products include downhole tools for well integrity, dry trees and surface wellheads, electric submersible pumps, surface wellheads, wireline logging, artificial lift technologies, drilling pressure control equipment. The Company's Downstream Technology Solutions (DTS) provides products and services to serve the downstream segments of the industry, including refining, petrochemical, distributed gas, flow and process control and other industrial applications. Products include steam turbines, reciprocating and centrifugal compressors, pumps, valves, and compressed natural gas (CNG) and small-scale LNG solutions used primarily for shale oil and gas field development.
The Company's Energy Management designs and deploys technologies that transport, convert, automate and optimize energy to electrical power. The Company's Industrial Solutions creates technologies that distribute and control electricity to protect people, property and equipment. The Company provides software and control solutions and offer products, such as circuit breakers, relays, arresters, switchgear, panel boards and repair for the commercial, data center, healthcare, mining, renewables, oil and gas, water and telecommunication markets. The Company's Grid Solutions' products and services include high voltage equipment, power electronics, automation and protection equipment, software solutions, in addition to its projects and services capabilities modernize the grid. The Company serves industries, such as generation, transmission, distribution, oil and gas, telecommunication, mining and water, and its strategic partnership ventures, primarily in Mexico and China, allow supporting its customers through various product and service offerings. The Company's Power Conversion applies the science and systems of power conversion to the electric transformation. Its product portfolio includes motors, generators, automation and control equipment and drives for energy intensive industries, such as marine, oil and gas, renewable energy, mining, rail, metals, test systems and water.
The Company Aviation designs and produces commercial and military aircraft engines, integrated digital components, electric power and mechanical aircraft systems. It also provides aftermarket services to support its products. The Company's Commercial Engines manufactures jet engines and turboprops for commercial airframes. Its commercial engines power aircraft in all categories include regional, narrowbody and widebody. It also manufactures engines and components for Business and General Aviation segments. Its commercial services provides maintenance, component repair and overhaul services (MRO), including sales of replacement parts. Its Military manufactures jet engines for military airframes. Its military engines power various military aircraft, including fighters, bombers, tankers, helicopters and surveillance aircraft, as well as marine applications. It provides maintenance, component repair and overhaul services (MRO), including sales of replacement parts. Its Systems provides components, systems and services for commercial and military segments. This includes avionics systems, aviation electric power systems, flight efficiency and intelligent operation services, aircraft structures and Avio Aero.
The Company's Healthcare provides essential healthcare technologies to medical imaging, software and information technology (IT), patient monitoring and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions. The Company's Healthcare Systems provides a range of technologies and services that include diagnostic imaging and clinical systems. Its Diagnostic imaging systems offers X-ray, digital mammography, computed tomography (CT), magnetic resonance (MR), surgical and interventional imaging and molecular imaging technologies allow clinicians to see inside the human body more clearly. Its Clinical systems include ultrasound, electrocardiography (ECG), bone densitometry, patient monitoring, incubators and infant warmers, respiratory care, and anesthesia management that enable clinicians to provide care for patients every day from wellness screening to advanced diagnostics to life-saving treatment. Healthcare systems also offers product services that include remote diagnostic and repair services for medical equipment manufactured by the Company and by others.
The Company's Life Sciences delivers products and services for drug discovery, biopharmaceutical manufacturing and cellular technologies to predict, diagnose and treat disease. It also researches, manufactures, and markets imaging agents used during medical scanning procedures to highlight organs, tissue and functions inside the human body, to aid physicians in the early detection, diagnosis and management of disease through advanced in-vivo diagnostics. The Company's Healthcare IT provides IT solutions, including enterprise and departmental Information Technology products, Picture Archiving System (PACS), Radiology Information System (RIS), Cardiovascular Information System (CVIS), revenue cycle management and practice applications.
The Company's Transportation is a supplier to the railroad, mining, marine, stationary power and drilling industries. The Company's Locomotives provide freight and passenger locomotives, as well as rail services to help solve rail challenges. The Company manufacture high-horsepower, diesel-electric locomotives, including the Evolution Series, which meets or exceeds the United States Environmental Protection Agency's (EPA) Tier 4 requirements for freight and passenger applications. The Company develops partnerships that support advisory services, parts, integrated software solutions and data analytics. Its offerings include tailored service programs, high-quality parts for the Company and other locomotive platforms, overhaul, repair and upgrade services, and wreck repair. Its portfolio provides the people, partnerships and software to optimize operations and asset utilization. Its Digital Solutions offer a suite of software-enabled solutions. The Company's Mining provides mining equipment and services, and its portfolio includes drive systems for off-highway vehicles, mining equipment, and mining power and productivity. Its Marine, Stationary & Drilling offers marine diesel engines and stationary power diesel engines and motors for land and offshore drilling rigs.
Appliances & Lighting
The Company's Appliances & Lighting products include appliances and a subset of lighting products, which are primarily directed to consumer applications, while other lighting products are directed towards commercial and industrial applications. The Company also invests in the development of differentiated products, such as energy efficient solutions for both consumers and businesses. The Company's Appliances, sells and services home appliances, including refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating and hybrid water heaters. Its brands include Monogram, GE Cafe, GE Profile, GE, GE Artistry, and Hotpoint. The Company also manufactures certain products and source finished product and component parts from third-party global manufacturers.
The Company's Lighting manufactures, sources and sells various energy-efficient solutions for commercial, industrial, municipal and consumer applications, utilizing light-emitting diode (LED), fluorescent, halogen and high-intensity discharge (HID) technologies. The Company sells products under the reveal and Energy Smart consumer brands, and Evolve, GTx, Immersion, Infusion, Lumination, Albeo, TriGain and Tetra commercial brands. The Company offers a range of solutions and services to outfit entire properties with lighting, from ceilings, parking lots, signage, displays, roadways, sports arenas and other areas.
The Company's Capital's continuing financial services businesses and products for aviation, energy, infrastructure and healthcare markets. The Company's Commercial Lending and Leasing (CLL) offers capital and services to industrials served by the Company, including the healthcare industry through its Healthcare Equipment Finance business. The CLL business also provides factoring solutions through its Working Capital Solutions business to the Company's industrial businesses by purchasing its customer receivables. Its Energy Financial Services (EFS) invests in long-lived, capital intensive energy projects and companies by providing structured equity, debt, leasing, partnership financing, project finance and broad-based commercial finance. Its GE Capital Aviation Services (GECAS) offers commercial aircraft financing and leasing for a range of aircraft types and financing options.
General Electric Co
3135 Easton Tpke
FAIRFIELD CT 06828-0002
Company Web Links
- BRIEF-GE sells 14.4% stake in Penske Truck Leasing
- BRIEF-GE to sell its shares in GE Capital Interbanca SpA to Banca IFIS SpA
- GE reports weak demand for oil, transport equipment; profit beats |
- GE profit beats estimates as power business revenue rises
- BRIEF-GE Q2 GAAP continuing operations earnings $0.36/share