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General Electric Co (GE)
Aviation & Engineering
Singapore Airlines signs $3.77 bil contract with General Electric for 22 GE9X engines
SIA has a total of 31 Boeing 777-9 aircraft on order and is slated to be the first airline in APAC to operate the aircraft.
February 16, 2022
Corporate moves
General Electric replaces CEO with outsider; shares soar
(Oct 1): General Electric Co ousted Chief Executive Officer John Flannery in a surprise move on Monday, replacing him with outsider and board member Larry Culp, and said it would take a roughly US$23 billion ($31.6 billion) charge to write off goodwill in
October 02, 2018
M&A
ST Engineering acquiring engine nacelle systems manufacturer from GE
SINGAPORE (Sept 13): ST Engineering has entered into a conditional share purchase agreement to acquire a 100% stake in engine nacelle systems manufacturer MRA Systems for US$630 million on a cash-free and debt-free basis. The seller is the General Electri
September 13, 2018
Company in the news
GE fails to predict missteps with Predix
NEW YORK (Aug 29): General Electric Co wants its industrial software business to cut costs and lift profits next year under new chief executive John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, accor
August 29, 2017