ATLANTA, GEORGIA (May 14, 2003) --- GE Power Systems announced today that it will supply 315 wind turbines, representing more than 470 megawatts of power, to FPL Energy for projects across the U.S. that are expected to begin producing electricity later this year.
The wind turbines will be used by FPL Energy, a subsidiary of FPL Group Inc. (NYSE:FPL) and the nation's largest wind energy producer, for new projects near House, New Mexico, Woodward, Oklahoma, Highmore, South Dakota, Kulm and Edgeley, North Dakota and Waymart, Pennsylvania.
ATLANTA, GEORGIA (May 12, 2003) --- GE Power Systems announced today the successful completion of its acquisition of Jenbacher AG of Austria, a global manufacturer of reciprocating engines for power generation.
Over 95% of Jenbacher's outstanding shares were tendered by April 25, the end of the offer period, paving the way for GE to complete the transaction. Today's closing was the final step in the acquisition which had previously received all of the required regulatory approvals.
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ATLANTA, GEORGIA (May 12, 2003) --- GE Power Systems announced today the successful completion of its acquisition of Jenbacher AG of Austria, a global manufacturer of reciprocating engines for power generation.
Over 95% of Jenbacher's outstanding shares were tendered by April 25, the end of the offer period, paving the way for GE to complete the transaction. Today's closing was the final step in the acquisition which had previously received all of the required regulatory approvals.
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May 12, 2003 -- EVENDALE, Ohio - US Airways Group Inc. has ordered jet engines from GE Aircraft Engines (GE) to power 170 new regional jet aircraft.
The engine order to GE, for 340 CF34 regional jet engines, is valued at more than $850 million. It becomes this year's single largest commercial jet engine order.
US Airways has ordered 60 Bombardier Inc. CRJ200 aircraft, powered by CF34-3B1 engines; 25 Bombardier CRJ705s, powered by CF34-8C5 engines, and 85 EMBRAER 170 airliners, powered by CF34-8E engines.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--May 6, 2003--GE will Webcast the presentation by Chairman and CEO Jeff Immelt at the Electrical Products Group Conference on Wednesday, May 7 at noon EDT. Immelt's presentation will be available at www.ge.com/investor.
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STAMFORD, Conn.--(BUSINESS WIRE)--May 6, 2003--GE Corporate Financial Services' Retail and Restructuring Group is the lead administrative agent for $2 billion in exit financing being provided to Kmart Corp. in connection with the company's emergence today from bankruptcy protection.
Kmart will use the exit financing to fund its reorganized business. A syndication group of approximately 30 institutions is participating in the transaction. Kmart originally filed for bankruptcy protection on January 22, 2002.