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.
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."
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NORWALK, Conn.--(BUSINESS WIRE)--Dec. 14, 2005--GE Commercial Finance - Global Media & Communications announced today that it has provided financing for two recent management buyouts in the publishing sector. GE provided a $45 million senior debt facility for Wachovia Capital Partners' purchase of Randall-Reilly Publishing Co. and a $20 million senior debt facility for Boston Ventures' and Castanea Partners' acquisition of Medley Global Advisors LLC.
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ATLANTA--(BUSINESS WIRE)--Dec. 13, 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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TANAGER, Norway and STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 13, 2005--Three GE financial businesses and ANZ, acting as joint Mandated Lead Arrangers, and Sevan Production AS, announced the signing of a US$120 million senior debt project finance facility for Sevan's first floating oil production, storage and offloading (FPSO).
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 12, 2005--GE (NYSE: GE) will Webcast its annual December meeting with investors scheduled for Tuesday, December 13 at 3:00 p.m. ET. At the meeting, GE Chairman and CEO Jeff Immelt will discuss the company's outlook for the remainder of 2005 and for 2006. The meeting and related materials will be available at www.ge.com/investor.
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New Delhi, December 12, 2005: GE Money, the consumer finance unit of the General Electric Company (GE), today announced the launch of its first TV commercial in India. Conceptualised by JWT, the TV commercial for GE Money personal loans features children to demonstrate simplicity, ease and innovation, with the core message being that GE Money is a Can-do brand that has the ability to say "Yes" to people in need, even when others are saying 'No'.
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HOUSTON, TEXAS - December 12, 2005 : --GE's oil and gas business will supply two turbo-compressor trains to Pluspetrol Per'u Corporation S.A., the operator of Block 56 of the Pagoreni gas field, a remote region 500 kilometers east of Lima, Per'u
Block 56 is owned by a joint venture headed by Pluspetrol Per'u Corporation S.A. and also including Hunt Oil Company of Per'u LLC; SK Corporation Sucursal del Per'u, Tecpetrol del Peru S.A.C. and Sonatrach Per'u Corporation S.A.C.