ATLANTA--(BUSINESS WIRE)--Jan. 24, 2005
GE Energy will supply seven F technology combined-cycle systems for phase two of China's GasTurbine Power Plants Construction Project. After winning contracts last year for 13 gas turbine systems in phase one, GE now has been chosen to supply 20 of the 39 gas turbines included in the first two phases of this program, which is a centerpiece of China's efforts to meet its growing power requirements.
CHICAGO--(BUSINESS WIRE)--Jan. 24, 2005--Since entering the healthcare finance arena, GE Healthcare Financial Services, a business unit of GE Commercial Finance, has quickly become known as an industry leader, generating more than $5.9 billion in new business volume in 2004 -- an increase of 16% over last year -- and investing over $13 billion in the industry.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Jan. 21, 2005--GE achieved record fourth-quarter revenues of $43.7 billion, up 18% from fourth quarter 2003, and record fourth-quarter earnings of $5.4 billion, also up 18%, the company announced today. Full-year 2004 earnings were $16.6 billion, up 6% from 2003 earnings before required accounting changes. Cash flow from GE's operating activities (CFOA) in 2004 increased 18% to $15.2 billion.
NEWARK, Calif.--(BUSINESS WIRE)--Jan. 20, 2005--GE Infrastructure's Security business announced today that its X-ray diffraction (XRD) system has been certified by the Transportation Security Administration (TSA) to meet the stringent standards for screening passenger checked baggage in the United States.
January 20, 2005 -- EVENDALE, OHIO - January 20, 2005 - General Electric Company has structured agreements with five world-class aero-engine manufacturers on the new GEnx engine.
The five international companies combine for an approximately 36 percent share of the new GEnx engine, which is under development to power the Boeing 7E7 and Airbus A350 twin-engine aircraft.
The five companies are Ishikawajima-Harima Heavy Industries (IHI) of Japan, Avio SpA of Italy, Volvo Aero of Sweden, Techspace Aero of Belgium and Mitsubishi Heavy Industries (MHI) of Japan.
NORWALK, Conn.--(BUSINESS WIRE)--Jan. 12, 2005--GE Commercial Finance Business Credit announced that it has arranged a $14.9 million credit facility for American Aluminum Extrusion LLC and American Aluminum Extrusions of Ohio LLC.
American Aluminum Extrusion LLC, based in Beloit, Wisc., and American Aluminum Extrusions of Ohio LLC, based in Canton, produce standard and custom aluminum extrusions for the transportation, machinery and equipment, building and construction and other industries (www. americanaluminum.com).
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GE Mobile Water Units Expected to Help More Than 220,000 Tsunami victims
Trevose, PA ---January 12, 2005--- GE Infrastructure, Water & Process Technologies has donated two, 52foot mobile water treatment units and the resources of more than 50 GE engineers, scientists and projectmanagers to provide safe drinking water to Indonesian families affected by therecent tsunami. GE is working with the Indonesian government and relief agencies to coordinate the water distribution.
WILMINGTON, N.C.--(BUSINESS WIRE)--Jan. 11, 2005
Exelon Nuclear, the largest nuclear generation company in the nation, has awarded GEbEnergy's Nuclear business a commitment to purchase adjustable speed drive units (ASDs) for its fleet of boiling water reactors (BWRs).
In order to boost plant efficiency and performance, GE will supply dual bank ASD systems for reactors at Exelon Nuclear generating stations in Illinois, a deployment that could be extended to retrofit other BWRs in the Exelon fleet.
NORWALK, Conn.--(BUSINESS WIRE)--Jan. 11, 2005--GE Commercial Finance Global Sponsor Finance announced that it has arranged a $41 million senior secured credit facility for JJI Lighting Group, Inc. The transaction closed on December 29, 2004.
GE Commercial Finance will serve as Administrative Agent for a syndicate of lenders arranged by GECC Capital Markets Group, Inc.
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