There are several things about the GE9X, GE's latest jet engine for Boeing's next-generation 777X plane, that grab attention. Exactly 11 feet in fan diameter, the GE9X will be the largest jet engine ever built. Although the engine is still in development and will not enter service until 2020, it has already scored the single largest customer commitment in the GE Aviation's history.
There are several things about the GE9X, GE's latest jet engine for Boeing's next-generation 777X plane, that grab attention. Exactly 11 feet in fan diameter, the GE9X will be the largest jet engine ever built. Although the engine is still in development and will not enter service until 2020, it has already scored the single largest customer commitment in the GE Aviation's history.
4Q and Full-Year 2013 Highlights
Industrial segment profit +12%, with six of seven segments growing earnings
5% Industrial segment organic revenue growth
Full-year operating EPS of $1.64, up 9%
$1.6 billion reduction in Industrial structural costs in 2013, ahead of plan
GE announced fourth-quarter 2013 operating earnings of $5.4 billion, with earnings per share of $0.53, up 20% from the fourth quarter of 2012.
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