November 20, 2005 -- DUBAI - Long recognized as a leader in propulsion technology, General Electric Company (GE) is engaged in the most aggressive research & development (R&D) effort in its history to bring a new generation of high-thrust jet engines to the marketplace.
GE - Aviation has invested approximately $1 billion (USD) annually in R&D since 2001. The result is a series of new jet engines that are powering the growing fleets of commercial aircraft across the Middle East.
Dubai, November 20, 2005: General Electric Company is playing a large role in the construction of Emirates Airlines' jet engine test facility in Dubai.
Emirates Airlines, one of the world's fastest growing airlines, began construction on the facility in June, with completion scheduled for January 2007. The facility was designed in co-operation with GE with a capability unique to the Middle East region.
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November 19, 2005 -- ORLANDO, FLORIDA - GE Honda Aero Engines LLC is validating design and component enhancements to its latest-generation HF118 jet engine in anticipation of running a full engine incorporating these designs by early 2007.
GE Honda Aero Engines LLC is a 50/50 joint venture company formed a year ago to manufacture and market the HF118 family of commercial turbofan engines, ranging in thrust from 1,000 to 3,500 pounds, for light business aircraft.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Nov. 18, 2005--GE (NYSE: GE):
-- Agrees to sell most of Insurance Solutions business to Swiss Re
-- Sees faster earnings growth from continuing operations, 2006 EPS up 12-17%
-- CFOA up 20%, to $24 billion in 2006
-- Increases quarterly dividend 14% to $0.25 per share
-- Increases stock buyback from $15 billion to $25 billion through 2008
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GE announced sale of most of its Insurance Solutions including ERC; Enables 14% dividend increase and expanded share repurchase plan. Jeff Immelt hosted a webcast to discuss Insurance disposition and 2006 outlook.
GE announced sale of most of its Insurance Solutions including ERC; Enables 14% dividend increase and expanded share repurchase plan. Jeff Immelt hosted a webcast to discuss Insurance disposition and 2006 outlook.
Listen to the Audio Presentations:
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Corporate Communications
[email protected]
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November 17, 2005 -- EVENDALE, OH - Ten years ago today, the world's most powerful jet engine-the GE90-entered service on a new Boeing 777. Since then, the GE90 engine family has amassed an outstanding reliability record while supporting the worldwide success of Boeing's twin-engine, long-range 777 aircraft family.
Throughout the last decade, GE has continued to invest in the GE90 engine family, which has grown from its initial certification at 76,400 pounds of thrust to an unprecedented 115,000 pounds of thrust today. To date, more than 350 GE90 engines are in service.
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NORWALK, Conn.--(BUSINESS WIRE)--Nov. 17, 2005--GE Commercial Finance - Global Media & Communications today announced that two new positions have been created with the goal of providing clients with full-time, real-time insight into technological trends and developments relative to their industry sectors. Filling the key industry advisory positions will be Robert C. Raciti, Ph.D. and Ron Stevenson, each of whom is recognized for his expertise and knowledge of innovative, groundbreaking technologies.
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