General Electric Co would lose a $350-million deal to build locomotives for Angola, and perhaps billions of dollars more in future export opportunities, if Congress closes the US Export-Import Bank, a senior GE executive told Reuters.
US-based General Electric recently announced collaborations with chipmaker Qualcomm and Apple as part of its plans to dive into the emerging and increasingly competitive market for connected lighting that integrates with smart devices.
GE announced that it has secured a total of 16 orders, up from 15 orders at the end of 2014 for its HA series of gas turbines, while HA technology selections also increased from 45 to 53.
The number of countries making HA selectio
General Electric has reported a $13.6 billion first-quarter loss on charges from its plan to sell most of GE Capital as profits rose in four of seven industrial businesses.
The big loss had been expected after GE said a week ago t
General Electric will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of banking and manufacturing.
Saudi Electricity Company (SEC) and GE recently signed a Memorandum of Understanding (MoU) to set up a joint venture that will extend operations and maintenance (O&M) support to SEC’s power plants in the kingdom.
GE has announced plans to expand its manufacturing facilities in Saudi Arabia for the production of HA gas turbines at the GE Manufacturing & Technology Center and the setting up of a first-of-its-kind regional LED manufacturing facility.
GE Power & Water’s Distributed Power business recently achieved 50.1 per cent electrical efficiency on its 10-megawatt (MW) gas engine platform in a test environment in Austria.
“As a technology leader in the distr
GE Healthcare has signed a partnership agreement with the Egypt Ministry of Health (MoH) to boost the country’s healthcare technology management system, with plans to establish a biomed center of excellence in the country.
Gulf Arab allies pledged a further $12 billion of investments and central bank deposits for Egypt at an international summit on Friday, a big boost to President Abdel Fattah al-Sisi as he tries to reform the economy after years of political uphe