Recent News: GE Energy, Boeing 747, Air Force Tanker Deal, Olympics, Jeffery Immelt, Insider Buying, and Beth Comstock CMO

GE Energy lands $700M deal
GE Energy has signed agreements worth more than $700 million to supply Renewable Energy Systems Inc. with more than 300 wind turbines...

Boeing delivers its 1,400th 747
I got an e-mail Friday morning from my contact at Boeing alerting me to the fact that the aerospace giant delivered its 1,400th 747 Thursday. The lucky recipient of the 747-400 freighter was GE Commercial Aviation Services, which plans to lease the jet to AirBridgeCargo Airlines, a Boeing press release says...

Air Force tanker contract could means billions for GE Aviation
GE Aviation stands to gain engine and related orders worth more than $5 billion as a result of the Pentagon's decision, announced Friday, to award a long-term contract for U.S. Air Force in-flight refueling tankers to a team led by Northrop Grumman and Airbus parent EADS. The planes will be powered by GE's CF6 jet engines that are built in Evendale...

GE gets win out of Northrop deal with military
Despite the hue and cry that American interests were hurt when the U.S. military gave its new tanker order to Northrup Grumman Corp. (NYSE: NOC) and EADS, the parent of Boeing Co. (NYSE: BA) rival Airbus, one big company based in Connecticut did very well. That would be General Electric Co...

GE Shines Up Global Message For Olympics
GE sees its sponsorship of the Beijing Olympics as a way to “prove to potential customers and shareholders in the developed world that G.E.’s creativity is translating into big sales in the developing one,” The New York Times reports....

GE To Supply CF6 Engines For Tanker Replacement Program Of Air Force [GE]
General Electric Co. (GE) Monday revealed the award of a contract to supply CF6 aircraft engines for the new KC-45A aerial refueling tankers of the U.S air force. The estimated value of the deal is about $5 billion, with initial deliveries scheduled in 2010. Friday, the air force awarded the KC-45A contract to Northrop Grumman Corp. (NOC) and EADS North America, edging out Boeing's 767...

GE's Immelt buys $3 mln in shares
The chairman and chief executive of General Electric Co. reported on Monday that he recently bought $3 million worth of the conglomerate's common stock on the open market....

GE taps Beth Comstock as chief marketing officer
General Electric Co. on Monday named Beth Comstock as its chief marketing officer, bringing her back from NBC Universal, where her responsibilities will be divided among three executives....

Immelt of G.E. Made $14 Million in Last Year’s Pay
General Electric’s chief executive, Jeffrey R. Immelt, was awarded $14.2 million in compensation last year, including salary, bonus and the value of plan-based awards, the company said Monday in a regulatory filing....

Interview: Beth Comstock, SVP-CMO, GE: NBCU’s Digital Mindset Has Been Changed
This time next week Beth Comstock will be reporting to work as SVP and CMO of GE, not president of integrated media for NBC Universal (NYSE: GE). Comstock, announced today as GE SVP & CMO, knew when she got on the phone with me today that her assurance in early January about not going back to GE was bound to come up: “At that point, it was still something we were talking about as out in the future ... In the past month, we started talking about it with a specific target date.” She said she always expected to go back to GE eventually: “When you’re in the GE cycle you sort of expect [it] after being in a job a couple of years...