GE announced fourth-quarter 2011 Operating Earnings of $4.1 billion, or $0.39 per share, up 6% and 11% respectively from the fourth-quarter of 2010. Revenues were $38.0 billion for the quarter and $147.3 billion for the year. Record Infrastructure orders of $28.6 billion in the fourth quarter enabled GE to end the year with a backlog of $200 billion, the largest in its history.
EVENDALE, Ohio--(BUSINESS WIRE)--The GE90 engine experienced its most successful year in 2011, accumulating airline and freighter operator commitments for 400 engines with a list price of more than $11 billion. This surpasses the previous record of 250 engine commitments in 2007.
This year included a record-setting Emirates' order for 50 Boeing 777s, powered by GE90-115B engines, announced at the Dubai Air Show in November.
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Innovation key to creating more competitive, productive Australian economy
Sydney -- Australia, 19 January 2012: Australia needs to strengthen industry support and engagement with its leading innovation programs to increase competitiveness and productivity, two reports, commissioned by GE, have found.
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GE Global Research, the central technology development arm for GE Healthcare and all of GE's businesses, has signed a Memorandum of Understanding (MOU) with Singapore's Agency of Science, Technology and Research (A*STAR). This agreement will focus on advancing current medical imaging technologies and diagnostics to enable more accurate, earlier and faster clinical diagnoses of cancer and other diseases.
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- A positive perspective on Innovation with 92 percent respondents believing that local context for innovation in India has improved in the last 5 years
- Human capital, IP protection and long-term investment emerge as top enablers
- Energy, Healthcare & Telecommunication emerge as the three top sectors in India with the highest innovation driven growth potential
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New Meter will Help Build More Efficient, Sustainable and Reliable Electric Grids
ATLANTA, GA.---January 18, 2012---GE (NYSE: GE) announced today the availability of its new SGM3000™, a family of IEC smart energy meters designed specifically for utilities facing growing energy demands. GE's new IEC smart meter will lay the foundation to help Australia and the Middle East overcome 21st century energy challenges, building a more efficient, sustainable and reliable electric grid.
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UK seen as lagging behind other nations, according a global report by GE, with 1 in 2 UK businesses claiming it is a poor environment for innovation
Ø This despite 93% believing innovation is the main lever for a more competitive UK economy, as well as the best way to create jobs (85%)
Ø Almost three quarters (71%) feel that increased innovation will translate into improved life conditions for UK citizens