Farnborough International Airshow 2010
FARNBOROUGH, England--(BUSINESS WIRE)--Emirates has ordered 30 GE90-115B-powered Boeing 777-300ER aircraft. The engine order, including spare engines, is valued at $2 billion (USD) list price. Deliveries will begin in late 2011.
Emirates has also signed a 12-year OnPointSM solution services agreement for the maintenance and overhaul of its GE90-115B engines. The contract is worth more than $1 billion (USD) over its life.
BETHESDA, Md.--21 July 2010-- GE Capital, Healthcare Financial Services announced today that it served as agent and sole lender to Mitralign, Inc. for a $5 million senior secured credit facility. Mitralign will use the credit facility for working capital as the company advances development of its mitral valve repair device.
Agreement Covers Four Sites, Targeting Long-Term Reliability and Efficiency
ATLANTA--19 July 2010-- GE (NYSE: GE) has signed a service alliance with the Tennessee Valley Authority (TVA), the nation's largest public power provider, covering four TVA power plants and valued at $116 million over the next five years. The alliance will help TVA meet its strategic needs by ensuring the long-term reliability, efficiency and cost-effective operation of its power generation equipment.
Extra Layer of Authentication Meets Ohio Pharmacy Board's Strict Standards; Anticipates DEA Regulations for Prescribing Controlled Substances
BARRINGTON, Ill. -- JULY 19, 2010 -- Marking another significant milestone for GE Healthcare's information technology business, the Ohio Pharmacy Board has approved the company's advanced ePrescribing solution for use by the state's physicians. Ohio is the only state today requiring two-factor authentication.
A320 remains preferred choice of customers and operators in all sectors
FARNBOROUGH, United Kingdom, July 19, 2010 - GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE], has signed a firm order for 60 additional A320 family aircraft. This new order brings the total number of A320 family aircraft ordered by GECAS to 327 and the backlog of aircraft to be delivered to 99 aircraft.
FARNBOROUGH, England--(BUSINESS WIRE)--Ornge, which provides ground and air medical transport for the province of Ontario, Canada, has just received the first of 10 AgustaWestland AW139 helicopters equipped with GE Aviation health and usage monitoring systems (HUMS).
2Q 2010 Highlights (Continuing Operations Attributable to GE)
*EPS of $0.30, up 15%; earnings of $3.3 billion, up 14%
*Company revenues of $37.4 billion, down 4%
*Total company orders of $19.2 billion, up 8%; equipment orders up 17%
*GE Capital losses have peaked and earnings are rebounding
*Industrial cash flow from operations at $6.3 billion YTD
*$74 billion consolidated cash and equivalents
*Industrial margins strong at 17.1%, up 70 bps from 2Q '09
