GENERAL ELECTRIC COMPANY
Condensed Statement of Earnings
Consolidated GE GECS
-------------------- -------------- --------------
Fourth
quarter ended
December 31 2001 2000 2001 2000 2001 2000
---------- -------- ------ ------ ------ ------
Revenues
Sales of
goods and
services $18,987 $19,746 $18,221 $17,445 $821 $2,378
Earnings
of GECS - - 1,407 1,227 - -
GECS revenues
from
services 14,983 15,118 - - 15,112 15,204
Other income 5 117 48 127 - -
FAIRFIELD, Conn.--(BUSINESS WIRE)--Jan. 17, 2002--GE achieved record earnings and cash generation in 2001, the Company announced today, with 11% increases in earnings and earnings per share (EPS) and 12% growth in cash flow from operating activities.
"2001 was an especially challenging year," said GE Chairman and CEO Jeff Immelt. "Despite a global recession and the September 11 terrorist attacks, we delivered double-digit earnings growth. This is a tribute to our great global team and the strength of the GE business model."
U.S. Army Extends GE Contract Valued At $78 Million in 2002
EVENDALE, Ohio--January 16, 2001--The U.S. Army Aviation and Missile Command (AMCOM) and the Corpus Christi Army Depot (CCAD) at Corpus Christi, Texas, have signed a four-year extension of the teaming agreement with GE Aircraft Engines to supply helicopter engine parts and technical services. The contract extension covers calendar years 2002 through 2005. The 2002 award to GE Aircraft Engines (GEAE) is valued at $78 million.
Acquisition to Expand GE's Wireless Healthcare Presence in Europe
GE Medical Systems Information Technologies, a business unit of the General Electric Company (NYSE: GE), today has finalized the acquisition of Danica Biomedical A/S, a Denmark-based provider of telemetry systems for healthcare organizations. The acquisition will allow GE to offer European healthcare providers with highly advanced wireless technologies that have EU radio frequency compliance, so patient information can be provided directly to physicians and nurses securely wherever they are in the hospital.
business unit
tags
GE Engine Services To Acquire Unison Industries, Inc.
EVENDALE, Ohio - January 8, 2002 - GE Engine Services (GEES), a division of GE Aircraft Engines has signed a definitive agreement to purchase Unison Industries Inc. The transaction, terms of which were not disclosed, will be completed upon receipt of various regulatory approvals.
Unison, a privately held company headquartered in Jacksonville, Florida, sells and services turbine ignitions, wiring harnesses, alternators, piston ignitions, sensors and switches to the aerospace and power generation industries.
GE's Specialty Insurance Business Names National Sales Leader CHICAGO--(BUSINESS WIRE)--Jan. 8, 2002--GE Employers Reinsurance Corporation (ERC) named Nicholas D. Gassman, ARM, CIC, as Vice President of Sales for its specialty insurance group.
The specialty insurance group is comprised of Coregis Insurance Company and Westport Insurance Corporation, and insures non-medical professionals, schools, public entities and special districts throughout the United States.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Jan. 3, 2002--General Electric today announced the appointment of three company officers.
Jeffrey Malehorn, 40, has been named Chief Executive Officer of GE Capital Global Financial Restructuring. Glen A. Messina, 40, has been named Vice President & CFO of Card Services at GE Capital. Roger N. Seager, 51, has been named Vice President of Marketing & Sales at GE Aircraft Engines.
UtiliCorp United Selects Smallworld Design Manager As Its Design Automation Platform Software to Support the Planning, Design, and Build Process for 25,000 Facility Design Jobs per Year DENVER--(BUSINESS EDITORS)--Jan. 3, 2002--GE Network Solutions, a leading supplier of network solutions to the electric, gas, and water utilities, announced today that its Smallworld Design Manager software has been selected by UtiliCorp United (UtiliCorp) to help the company manage and standardize its facility design process at more than 70 field offices.
