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Press Release

GE Signs $575 Million Agreement With Ministry Of Transportation And Egyptian National Railways To Help Transform Rail Infrastructure In Egypt

June 19, 2017
GE to supply 100 locomotives and 15-year parts agreement to support Egypt’s transportation and infrastructure needs
 

CHICAGO and CAIRO, EGYPT; June 17: GE (NYSE: GE) announced today that it signed a Letter of Intent with the Ministry of Transportation (MoT) and Egyptian National Railways (ENR), worth $575 million, to supply 100 GE ES30ACi Light Evolution Series Locomotives that can be used for both passengers or freight rail, as well as a 15-year agreement for parts and technical support for GE locomotives in ENR’s

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CDPQ & GE Capital Aviation Services to join forces in creating USD 2-billion global aircraft financing platform

June 19, 2017
  • CDPQ to provide strategic capital over four years to create an aircraft leasing and financing platform alongside world class operator GECAS
  • Platform will provide GECAS with increased flexibility to support future growth
  • Investment marks new milestone in the strategic relationship between CDPQ and GE

Montréal, Canada and Shannon, Ireland, 19 June, 2017 - Caisse de dépôt et placement du Québec

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Press Release

GECAS Announces Order for 100 Airbus A320neo Aircraft

June 19, 2017

Shannon, Ireland - June 19, 2017 - GE Capital Aviation Services (GECAS), the aviation leasing and financing arm of GE (NYSE: GE), today announced a firm order for 100 Airbus A320neo family aircraft at the 52nd International Paris Air Show. All the aircraft will be powered by CFM’s LEAP-1A engines.

This new order brings the total number of A320 Family aircraft ordered by GECAS to ~600 aircraft. Of these 220 are A320neo Family aircraft including 33 A321neo.

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Boeing, GECAS Announce Order for 20 737 MAX 10

June 19, 2017

Shannon Ireland, June 19, 2017 - Boeing [NYSE: BA] and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE] today announced an order for 20 of the new 737 MAX 10 at the Paris Air Show by converting 20 of its current MAX orders to the larger MAX 10 which was launched Monday.

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Russell Stokes named President and CEO of GE Power

June 14, 2017
Takes over from the retiring GE Power President and CEO Steve Bolze   
Will combine GE Power and GE Energy Connections into one business 
 

BOSTON - June 14, 2017 - GE (NYSE: GE) announced today that Russell Stokes, current president and CEO of GE Energy Connections, has been named president and CEO of GE Power, effective July 3, 2017.  He succeeds Steve Bolze, the former president and CEO of GE Power, who has announced his decision to retire.  In his new role, Mr.

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GE Ventures Launches Data-Driven Company to Advance Industry Inspection Services

June 13, 2017
Avitas Systems, a GE Venture, will transform inspection services with advanced robotics, data analytics and artificial intelligence
 

BERLIN, GERMANY - JUNE 13, 2017 - Today at GE’s Minds + Machines Europe event, GE Ventures announced the launch of Avitas Systems, a new company that will use predictive data analytics, robotics, and artificial intelligence to deliver advanced inspection services to the oil and gas, transportation, and energy industries. 

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GE Unveils New Advanced Applications, Edge to Cloud Analytics and Robotics to Advance Digital Industrial Transformation for Customers

June 12, 2017

New Predix-powered solutions, partnerships accelerate the transformation journey beyond the factory walls and drive the next industrial revolution

Press Release

Baker Hughes and GE Reach Agreement with DOJ to Complete Proposed Transaction

June 12, 2017

HOUSTON- June 12, 2017 -Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced today that they have reached an agreement with the Department of Justice that would allow the parties to complete their proposed transaction under U.S. law. Today’s milestone represents significant progress toward creating an oil and gas productivity leader positioned to deliver value for customers, employees and shareholders.

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Kieran Murphy Appointed CEO of GE Healthcare, Succeeding John Flannery

June 12, 2017

BOSTON, June 12, 2017 - GE Chairman and CEO Jeff Immelt announced today the appointment of Kieran Murphy as president and CEO of GE Healthcare, effective immediately. Murphy is currently president and CEO of GE Healthcare Life Sciences. Murphy succeeds John Flannery who has been appointed CEO and chairman elect of GE. 

 

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John Flannery Named Chairman And Ceo Of Ge

June 12, 2017
Jeff Immelt to Remain Chairman of the Board through December 31, 2017
Jeff Bornstein Named Vice Chair of GE; Continues as CFO
Portfolio Transformation Paves Way for New Leadership
GE’s 2017 Framework Remains Unchanged
 

BOSTON - June 12, 2017 - GE (NYSE: GE) announced today that John Flannery, current President and CEO of GE

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