GE made progress on its portfolio strategy. The company acquired the rotor blade manufacturer LM Wind Power, and combined GE Oil & Gas with Baker Hughes to create Baker Hughes, a GE company – the world’s first fullstream oil and gas company offering services, equipment and digital solutions to the industry.
GE’s ability to innovate industry-leading products and services has enabled the company to unlock productivity gains across its businesses and markets.
In the second quarter, GE signed $31 billion in orders and commitments at the Paris Air Show. In Algeria, GE Power signed a $3 billion agreement with Sonelgaz, including the business’ largest services agreement, and in Saudi Arabia, the company signed $15 billion in MoUs and agreements for industrial project development and cross-sector capacity building. Markets outside the U.S. continue to be strong, with global orders up in China, India, and Europe.
Find more information on GE’s second-quarter earnings here.