ATLANTA--(BUSINESS WIRE)--May 10, 2002--GE Power Systems today officially entered the wind power industry, announcing that its acquisition of certain assets of Enron Wind Corp. has been completed.
The new GE business, GE Wind Energy (www.gewindenergy.com), will be headed by Steven Zwolinski, who has been serving as general manager of GE Global Hydro.
EVENDALE, Ohio--May 9, 2002--The U.S. Army's Aviation and Missile Command (AMCOM), Redstone Arsenal, Alabama, has awarded GE Engine Services (GEES) three separate T700 repair and overhaul contracts each having four-year periods of performance. The total value for the first year of all three agreements is approximately $35.8 million. The total four-year value of all three agreements is approximately $205 million.
GAITHERSBURG, Md.--(BUSINESS WIRE)--May 8, 2002--
Reverse auctions over the Internet have enabled GXS's global customers
to reduce the price of goods and services procured by 7% to 39%
GE Global eXchange Services (NYSE: GE), a leader in business-to-business Internet commerce, today announced that customers using its reverse auction tools have collectively saved more than $200 million though price deflation on goods and services procured during the first quarter of 2002.
FAIRFIELD, Conn.--(BUSINESS WIRE)--May 8, 2002--GE remains on track to deliver record earnings in 2002 of more than $16.5 billion ($1.65-$1.67 per share before accounting changes), GE Chairman and CEO Jeff Immelt told analysts at an industry meeting today.
Immelt also said that GE remains comfortable with consensus estimates for double-digit earnings growth targets in 2003.
EVENDALE, OHIO--May 8, 2002--GE Aircraft Engines' (GEAE) F404 engine, one of the world's most widely used to power fighter aircraft, has been selected for the Defense Advanced Research Projects Agenc (DARPA)/U.S. Air Force X-45B Unmanned Combat Air Vehicle (UCAV) currently under development by The Boeing Company.
Boeing Phantom Works, the company's advanced research and development element, is integrating the F404 into the single-engine X-45B design. That aircraft is scheduled to fly during 2005. GEAE will provide three F404 engines for the flight test program.
Dubai, UAE, May 7, 2002 ---- GE Aircraft Engines has won a contract to supply GE F110 fighter engines to the Royal Air Force of Oman (RAFO). The new engines will power the RAFO's new fleet of 12 Lockheed Martin F-16 aircraft.
The contract, valued at more than US$50 million, makes Oman the 10th country in the world to select the F110 engine family for its F-16 fighter fleet.
GAITHERSBURG, Md.--(BUSINESS WIRE)--May 1, 2002--
Small and mid-sized businesses can use Web services to send and
receive business documents over the Internet with little or no
hands-on participation
GE Global eXchange Services (NYSE:GE), a leader in business-to-business Internet commerce, today announced that it is offering Web services capabilities in support of e-commerce transactions for small and mid-sized enterprises (SMEs).
WATERFORD, N.Y.--(BUSINESS WIRE)--April 30, 2002--General Electric
GESilicones.com is first again, this time, with Global Customer
Service featuring The World's Largest Variety, of New
Online Silicone Material Selection tools
GE Silicones today announced the release of 55 new wizards that can be found exclusively within the new Technical Solutions Center.
WATERFORD, N.Y.--(BUSINESS WIRE)--April 30, 2002--General Electric
GESilicones.com is first again, this time, with Global Customer
Service featuring The World's Largest Variety, of New
Online Silicone Material Selection tools
GE Silicones today announced the release of 55 new wizards that can be found exclusively within the new Technical Solutions Center.
WILTON, Conn.--(BUSINESS WIRE)--April 29, 2002--GE Specialty Materials, a unit of General Electric Company (NYSE:GE), today announced it has completed the acquisition of the water treatment services business of BetzDearborn.
The move launches GE into a new business segment and adds $1 billion in annual sales to GE Specialty Materials. The new business will be known as GE Betz.
