GE Gains US$70 Million Contract to Supply Equipment
for Gas Processing Plant in Algeria
FLORENCE, Italy--(BUSINESS WIRE)--July 16, 2003--GE Oil & Gas has
received a contract of US$70 million to supply gas turbines with
process gas compressor, turbo generator and expander trains for a gas
processing plant at In-Amenas, Algeria.
In-Amenas is Algeria's largest wet gas joint development project,
and is jointly owned by Sonatrach, the Algerian national energy
company; and BP, the world's second largest petroleum and
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FAIRFIELD, Conn.--(BUSINESS WIRE)--July 15, 2003--GE has named Beth Comstock its chief marketing officer and corporate vice president of marketing, overseeing a new corporate commercial leadership team to drive marketing and sales leadership across the company. This is a new position reporting to Jeffrey Immelt, GE Chairman and CEO. Comstock, 42, has been serving as corporate vice president of communications, and will continue to oversee integrated communications.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--July 11, 2003--GE's second quarter 2003 earnings were $3.8 billion, or $.38 per share, compared with $4.4 billion, or $.44 per share, in second quarter 2002, the Company announced today.
"We delivered another quarter of broad-based performance in a tough economy, with eight of our 13 businesses achieving double-digit earnings growth while we managed through the downturn in Power Systems' sales of large gas turbines," said GE Chairman and CEO Jeff Immelt. "At the same time, we made further progress on building the foundation of our future growth.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--July 9, 2003--GE will Webcast its conference call on second quarter 2003 financial results on Friday, July 11 at 8:30 a.m. EDT.
The conference call will follow the Company's news release on results, which will be available at approximately 6:30 a.m. Friday morning. Call details are available at www.ge.com/investor. The call and related materials will be available at the same Website Friday morning.
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Dubai, July 9, 2003 -- GE Aircraft Engines and Emirates, the UAE's national airline, have signed a combined spare engine sales and service programme agreement valued at US$1 billion. GE's engine and service contract will support Emirates' new fleet of Boeing 777-300ER widebody aircraft on lease, all to be powered by GE90 - the world's most powerful engine.
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NISKAYUNA, N.Y.--(BUSINESS WIRE)--July 8, 2003--GE Global Research, the centralized research organization of General Electric (NYSE: GE) announced a major breakthrough in a new lighting technology that has the potential to be more energy efficient and revolutionize lighting design, while producing the same high quality white light as traditional light sources.
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SALEM, Va.--(BUSINESS WIRE)--June 27, 2003--GE (NYSE: GE) announced today that it has finalized its agreement with Toshiba Corporation for Toshiba to increase its majority interest in the Toshiba-GE joint venture. GE will maintain a minority ownership in the US operating company of the JV and will continue to provide sales and service for the JV, in addition to maintaining customer relationships.