KURIHAMA, Japan--(BUSINESS WIRE)--March 16, 2006--Global Nuclear Fuel-Japan Co. Ltd. (GNF-J), a company belonging to the Global Nuclear Fuel (GNF) joint venture of GE, Toshiba and Hitachi, has been awarded a contract by Chubu Electric Power Co., Inc. (Chubu) to provide Mixed Oxide (MOX) fuel for the utility's Hamaoka nuclear power plant.
LYNN, Mass.--(BUSINESS WIRE)--March 16, 2006--GE - Aviation has been awarded a $26.4 million contact modification by the United States Navy for the purchase of 60 T58 module kits, with an option for 60 more in FY2007, for Marine Corps H-46E helicopters.
The contract calls for 96 titanium nitride (TiN) coated airfoil kits for upgrades of modules previously delivered under the T58 Engine Reliability Improvement Program (ERIP), plus miscellaneous tooling. Work will be done in Lynn, Massachusetts, and is expected to be completed in November 2007.
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JENBACH, Austria--(BUSINESS WIRE)--March 16, 2006--Offering on-site power customers around the world a wider range of choices for power and cogeneration, GE Energy has introduced two additions to its Jenbacher "Type 4" engine series: the J412 GS and J416 GS models.
GE developed the J412 and J416 models to address a growing demand for higher efficiency engines in the output range of 800 kW to 1.2 megawatts (MW).
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DULLES, Va.--(BUSINESS WIRE)--March 15, 2006--ORBCOMM, a global satellite telecommunications company, today announced that the Asset Intelligence division of GE Equipment Services has placed orders for 50,000 satellite communicators from Stellar Satellite Communications, a wholly owned ORBCOMM subsidiary. GE also extended its International data communications agreement with ORBCOMM for an additional three years and is developing additional applications using the ORBCOMM network, including an application for the rail industry that is expected to be marketed as RailWise(TM).
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ST. PAUL, Minn.--(BUSINESS WIRE)--March 15, 2006--GE Consumer Finance's Retail Sales Finance unit today announced a new multi-year partnership with Polaris, to provide Polaris customers with installment financing for motorcycle, ATV, snowmobile and accessory purchases. The program, which aligns two leaders in the powersports industry, will launch nationwide on April 1 to the Polaris network of 1,500 independent dealers.
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NORWALK, Conn.--(BUSINESS WIRE)--March 15, 2006--GE Commercial Finance - Bank Loans today announced that Neeraj Mehta has been appointed Managing Director with responsibility for acquiring participations in par bank loans and for related secondary market investing activities.
"We are very pleased that Neeraj has agreed to assume this important role for our group," said Ron Carapezzi, Business Leader, GE Commercial Finance - Bank Loans. "Neeraj brings a great combination of leveraged finance experience and leadership skills to this position."
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ATLANTA--(BUSINESS WIRE)--March 14, 2006--GE Healthcare announced today FDA 510(k) clearance for the Innova 3131(IQ) and 2121(IQ) digital flat panel Biplane Imaging Systems at the American College of Cardiology (ACC) annual scientific sessions in Atlanta, Georgia. These are the first and only systems available that will cover the full size of the patient's lateral and frontal anatomy simultaneously for a variety of cardiovascular and neurovascular image guided interventional procedures.
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TREVOSE, Pa. & OAKVILLE, Ontario--(BUSINESS WIRE)--March 14, 2006--GE Water & Process Technologies, a unit of General Electric Company (NYSE: GE) and ZENON Environmental Inc. (TSX: ZEN and ZEN.NV.A; OTC: ZNEVF and ZNEAF), announced today that they have signed an agreement in connection with the acquisition by way of Plan of Arrangement of ZENON by GE in an all cash transaction for Cdn $24.00 per share, valuing the transaction at approximately Cdn $760 million, or US $656 million.