EVENDALE, Ohio--May 9, 2002--The U.S. Army's Aviation and Missile Command (AMCOM), Redstone Arsenal, Alabama, has awarded GE Engine Services (GEES) three separate T700 repair and overhaul contracts each having four-year periods of performance. The total value for the first year of all three agreements is approximately $35.8 million. The total four-year value of all three agreements is approximately $205 million.
LOS ANGELES and MILWAUKEE--(BW HealthWire)--May 8, 2002--GE Medical Systems, a unit of General Electric Company (NYSE: GE), today unveiled new ultrasound technology that displays clinical images of the human body, allowing physicians and patients to see revolutionary "4D images." The fourth dimension is "real-time motion" added to three-dimensional images. This technology has the potential to expand diagnostic capabilities, therapy planning and ultrasound-guided minimally invasive diagnostic procedures such as biopsies.
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GAITHERSBURG, Md.--(BUSINESS WIRE)--May 8, 2002--
Reverse auctions over the Internet have enabled GXS's global customers
to reduce the price of goods and services procured by 7% to 39%
GE Global eXchange Services (NYSE: GE), a leader in business-to-business Internet commerce, today announced that customers using its reverse auction tools have collectively saved more than $200 million though price deflation on goods and services procured during the first quarter of 2002.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--May 8, 2002--GE remains on track to deliver record earnings in 2002 of more than $16.5 billion ($1.65-$1.67 per share before accounting changes), GE Chairman and CEO Jeff Immelt told analysts at an industry meeting today.
Immelt also said that GE remains comfortable with consensus estimates for double-digit earnings growth targets in 2003.
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EVENDALE, OHIO--May 8, 2002--GE Aircraft Engines' (GEAE) F404 engine, one of the world's most widely used to power fighter aircraft, has been selected for the Defense Advanced Research Projects Agenc (DARPA)/U.S. Air Force X-45B Unmanned Combat Air Vehicle (UCAV) currently under development by The Boeing Company.
Boeing Phantom Works, the company's advanced research and development element, is integrating the F404 into the single-engine X-45B design. That aircraft is scheduled to fly during 2005. GEAE will provide three F404 engines for the flight test program.
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WAUKESHA, Wis. and HOUSTON--(BUSINESS WIRE)--May 7, 2002--GE Medical Systems, a unit of General Electric Company (NYSE: GE), announced today the signing of a collaborative agreement with Healthlink Inc. aimed at improving both business and clinical processes in healthcare. By uniting forces, two leading organizations will apply comprehensive solutions and process improvement techniques to healthcare providers facing compliance issues related to the Health Insurance Portability and Accountability Act (HIPAA).
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Dubai, UAE, May 7, 2002 ---- GE Aircraft Engines has won a contract to supply GE F110 fighter engines to the Royal Air Force of Oman (RAFO). The new engines will power the RAFO's new fleet of 12 Lockheed Martin F-16 aircraft.
The contract, valued at more than US$50 million, makes Oman the 10th country in the world to select the F110 engine family for its F-16 fighter fleet.
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Dubai, UAE, March 5, 2002 ---- GE Power Systems (GEPS) presented the company's latest technological advances and innovations in power generation, oil & gas, transmission & distribution, network solutions, and air quality services, at its annual State-of-the-Art (SOA) Technology Seminar and Power Expo held yesterday.
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GAITHERSBURG, Md.--(BUSINESS WIRE)--May 1, 2002--
Small and mid-sized businesses can use Web services to send and
receive business documents over the Internet with little or no
hands-on participation
GE Global eXchange Services (NYSE:GE), a leader in business-to-business Internet commerce, today announced that it is offering Web services capabilities in support of e-commerce transactions for small and mid-sized enterprises (SMEs).