GE Fanuc Automation Americas, a unit of the GE Infrastructure global business platform, has introduced the new Proficy Intelligent Production Solutions, which provide a full range of integrated, easy-to-use software applications and services to continuously improve productivity, profitability and competitive advantage by enabling the real-time enterprise.
U.S. Transportation Security Administration Program Designed to Strengthen Airport Security
WILMINGTON, Mass.--(PRNewswire)--June, 17, 2004--GE Infrastructure, Security, a unit of the General Electric Company, announced today that the Transportation Security Administration (TSA) launched its first-ever live pilot of GE's EntryScan3 walk-through explosives detector in an airport environment.
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June 16, 2004 -- CINCINNATI, Ohio - Virgin America, the new Virgin-branded U.S. domestic airline, has announced an order for CFM56-5B engines to power up to 105 Airbus A320 family aircraft.
CFM56-5B engines are produced by CFM International, a 50/50 joint company between Snecma Moteurs and General Electric Company. The engine has been selected to power nearly 60 percent of the Airbus A318, A319, A320, and A321 aircraft currently in service.
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ATLANTA--(BUSINESS WIRE)--June 15, 2004
GE Energy has signed a definitive agreement to acquire the assets of three business units of S.D. Myers, Inc. of Tallmadge, Ohio, a leading supplier of services for transformers and substations across the global power industry. GE Energy has also signed a definitive agreement to acquire the assets of Fluidex Engineering, a South African entity owned indirectly by the Myers family that owns S.D. Myers. The two acquisitions are each subject to customary closing conditions and may close independently of each other.
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NORWALK, Conn.--(BUSINESS WIRE)--June 15, 2004--GE Commercial Finance, through its Business Credit unit, announced that it has financed Dantzler Lumber & Export, Inc. with a $25 million credit facility, which the company will use for working capital. With headquarters in Hialeah, Fla., Dantzler Lumber & Export, Inc. is a leading wholesaler of dimensional grade lumber and plywood throughout the Southeast U.S., Caribbean, Central America and Canada.
About GE Commercial Finance Business Credit
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June 14, 2004 -- ST. LOUIS, MO - The U.S. Navy has awarded the Boeing-led industry team a $3.89 billion contract to build the Multi-mission Maritime Aircraft (MMA). The total program estimated value is approximately $15 billion over a 10-year production run.
The Boeing-led team, which includes CFM International, Northrop Grumman, Raytheon, and Smiths Aerospace will produce seven test aircraft during the program's System Development and Demonstration (SDD) phase. Plans call for up to 109 aircraft to be purchased by the Navy to replace its aging fleet of 223 P-3 aircraft.
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NORWALK, Conn.--(BUSINESS WIRE)--June 14, 2004--GE Commercial Finance's Global Media & Communications business announced that it has provided $35 million in senior secured financing to Muzak, the leading company in business music programming in the U.S.
The financing provided by GE Commercial Finance supplements an existing senior secured debt facility and was used by the company to refinance a portion of its outstanding 13% senior discount notes due 2010. The transaction closed on May 10.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--June 11, 2004--Sir William Castell, 57, today was named Vice Chairman of the Board of Directors of the General Electric Company. Castell is also an Executive Officer and a member of the Corporate Executive Office of GE, as well as President and CEO, GE Healthcare. He will continue to be headquartered in Chalfont St. Giles, United Kingdom.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--June 11, 2004--The Board of Directors of GE today authorized a regular quarterly dividend of $0.20 per outstanding share of its common stock. The dividend is payable July 26, 2004, to shareowners of record on June 28, 2004. The ex-dividend date is June 24.
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KANSAS CITY, MO.June 10, 2004--GE's Employers Reinsurance Corporation (GE ERC) dedicated its new global headquarters building in Kansas City, Missouri, today.
Missouri Governor Bob Holden and State Senator Charles Wheeler joined Ron Pressman, Chairman and President of GE ERC in cutting a ribbon at the facility at 9201 State Line Road.