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.
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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).
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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
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Generators Ensure Reliable Power Supply to Meet South Africa's Fuel Needs
JOHANNESBURG, South Africa--(BUSINESS WIRE)--GE South Africa Technologies (Pty) Limited (GESAT) today announced an agreement to provide Transnet Limited with 10 medium speed, diesel-powered generators for Transnet's new multi-product pipeline currently being constructed between Durban and Johannesburg. GESAT is GE Transportation's South African subsidiary in partnership with the Mineworkers Investment Company (MIC).