December 22, 2005 -- EVENDALE, OH - 2005 has been a record-breaking year of sales for GE's newest large commercial engines, the GE90 and GEnx, with more than 750 engines ordered.
The GE90 engine family has sold more than 240 engines in 2005, including a record 225 of the higher thrust GE90-115B engines. Boeing selected the GE90-115B engines as the exclusive power for the fast-selling 777-300ER, 777-200LR and the 777 freighter. The value of the GE90 engines sold this year exceeds $4.5 billion.
STAMFORD, Conn. & LOS ANGELES & CHICAGO--(BUSINESS WIRE)--Dec. 22, 2005--Arden Realty, Inc. (NYSE:ARI) ("Arden" or the "Company") and GE Real Estate, a unit of GE Commercial Finance, announced today that they have executed a definitive agreement pursuant to which GE Real Estate will acquire the Company. In connection with the acquisition, Trizec Properties, Inc. (NYSE:TRZ) will acquire a Southern California portfolio comprised of 13 Arden properties, totaling 4.1 million square feet, concentrated in West Los Angeles and San Diego for approximately $1.6 billion.
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December 22, 2005 -- EVENDALE, OH - 2005 has been a record-breaking year of sales for GE's newest large commercial engines, the GE90 and GEnx, with more than 750 engines ordered.
The GE90 engine family has sold more than 240 engines in 2005, including a record 225 of the higher thrust GE90-115B engines. Boeing selected the GE90-115B engines as the exclusive power for the fast-selling 777-300ER, 777-200LR and the 777 freighter. The value of the GE90 engines sold this year exceeds $4.5 billion.
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SAN FRANCISCO--(BUSINESS WIRE)--Dec. 21, 2005--
Checkpoint of the Future Laboratory Explores Innovative New Aviation Security Technologies
GE Security (NYSE: GE), with support from San Francisco International Airport (SFO), today unveiled a first-of-its-kind laboratory it expects will help identify, develop and make available technology solutions that will help to make air travel safer, security potentially less costly and negotiating passenger checkpoints more convenient.
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One of Biggest Power Generation Projects in Country's History
Dubai, UAE, December 21, 2005: Marking one of the largest power generation agreements in the country's history, Nigeria's Federal Ministry of Power and Steel has selected GE Energy to supply 18 gas turbines, additional equipment and services for five power plants in the Niger Delta area that will add more than 2,000 megawatts to the country's electricity grid.
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One of Biggest Power Generation Projects in Country's History
Dubai, UAE, December 21, 2005: Marking one of the largest power generation agreements in the country's history, Nigeria's Federal Ministry of Power and Steel has selected GE Energy to supply 18 gas turbines, additional equipment and services for five power plants in the Niger Delta area that will add more than 2,000 megawatts to the country's electricity grid.
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December 20, 2005 -- EVENDALE, Ohio - The Advanced Upgrade kit being installed in Southwest Airlines' fleet of CFM56-3 engines is having a positive impact on the environment by significantly reducing fuel burn and carbon dioxide emissions.
CFM56-3 engines power the Boeing 737 "Classic" series of aircraft and were produced from 1984 to 1997 by CFM International (CFM), a 50/50 joint company between Snecma and General Electric Company.
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December 19, 2005 -- LYNN, Mass. - The United States Army has awarded General Electric Company a contract valued at $178 million for 2006 to continue overhaul support of T700 engines at the Corpus Christi Army Depot (CCAD) and convert engines to the T700-GE-701D configuration in support of the Army's current fleet transformation.
Potential value of the contract to GE over the next five years, based on estimated workload at CCAD, is $1.5 billion.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 15, 2005--GE (NYSE: GE) will hold its 2006 Annual Meeting of Shareowners on April 26, 2006, in Philadelphia, Pennsylvania. The meeting will be held at The Pennsylvania Convention Center and will be convened at 10:00 a.m.
GE conducts its annual meeting with shareowners in a different site each year so that a different GE business is highlighted. GE Infrastructure, Water & Process Technologies is headquartered in Trevose, Pennsylvania, near Philadelphia.
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December 14, 2005 -- EVENDALE, Ohio - Korean Air has selected the GEnx engine to power its order for 10 firm, 10 option Boeing 787 Dreamliner aircraft.
The value of the firm engine order is more than $240 million (USD). Engine deliveries begin in 2009.
"By any measure, Korean Air is a key global player in commercial aviation," said Scott Donnelly, President of GE - Aviation. "It is a both a world-leading passenger and cargo carrier, and GE is thrilled Korean Air has selected the GEnx, one of the fastest-selling jet engines in aviation."