Wind and Aerospace Growth

GE unit invests $65M in wind farm
"Ecomagination" is alive and growing at General Electric Co. as the Fairfield-based giant continues its investment in renewable energy.
GE Energy Financial Services in Stamford has taken a $65 million stake in a 152-megawatt wind farm near Woodward, Okla., and it is pursuing an energy purchase agreement for a proposed hydroelectric plant in British Columbia, Canada.
CPV Renewable Energy Co., an affiliate of Competitive Power Ventures Inc., has started construction of the CPV Keenan II wind farm, with the goal of finishing it by December. The project has secured a 20-year power purchase agreement with Oklahoma Gas & Electric Co., and is expected to generate enough electricity to power about 45,000 average Oklahoma homes.
According to U.S. Environmental Protection methodology, it will avoid about 413,000 tons a year of greenhouse gas emissions -- the equivalent of taking nearly 72,000 cars off the road -- by generating electricity with wind power rather than fossil fuels.

GE project would boost Ohio aerospace growth

General Electric Co.’s pending decision about whether to build a research and testing center to advance the production of electrical power systems for military and civilian aircraft would boost Ohio’s effort to establish itself as a national hub for aerospace research and development, officials said.

GE has said that southwest Ohio is a leading candidate for the site, if the company’s leadership gives the go-ahead for establishing the center at a current GE operation. That would include GE Aviation’s jet engine plant in the Cincinnati suburb of Evendale and its GE Electrical Power Systems business in Vandalia.
Ohio has offered GE a $7.6 million incentive grant to support the project.
Company sites in Grand Rapids, Mich.; Erlanger, Ky., and Cheltenham, England, also are possibilities.

Recent News: GE Capital, Qatar, CFM International, and GE Hitachi

GE Capital sells $6 billion in 2 parts - source
General Electric Capital Corp, a unit of General Electric Co, sold on Tuesday $6 billion of debt in two parts, said a source familiar with the deal...

GE wins supply deal for $3.2 bln Qatar plant
General Electric Co said on Tuesday it had agreed to supply equipment for a $3.2 billion fertiliser project in Qatar...

ACTS Signs Long-Term Material & Repair Pacts With GE And CFM
ACTS has signed a 10-year OnPoint solutions agreement with General Electric Co. (GE) for material to repair CF34 engines, and a 10-year materials agreement with CFM International for the repair and overhaul of the CFM56-2, CFM56-3, CFM56-5A, CFM56-5B and CFM56-5C engines...

GE-Hitachi to Meet Utilities as U.K. Backs Nuclear (Update2)
GE-Hitachi Nuclear Energy will meet with European utilities and government officials to discuss reactor sales next week after U.K. ministers backed building plants to replace aged units...

Recent Press Releases: Aviation, Commercial Finance, Hispanic Forum, Energy, and Fanuc

GE Aviation Expands in Houghton Michigan
GE Aviation today announces an expansion for the University Development Center facility located in Houghton, Michigan. The new facility...

GE Commercial Finance Appoints Tom Regan to Head Sponsor Coverage for Media, Communications & Entertainment Business
GE Commercial Finance today announced it has appointed Managing Director, Thomas W. Regan, 48, to serve as group head of sponsor coverage for its Media, Communications & Entertainment...

GE Aviation Teams With L-3 for USAF KC-10 Aircraft Extension Program
GE Aviation recently signed an exclusive teaming agreement with L-3 Communications for the United States Air Force KC-10 AMP Aircraft Extension Program...

GE Hispanic Forum to Host U.S. Commerce Secretary Carlos M. Gutierrez at Discussion of the Benefits of Global Trade
Secretary Carlos M. Gutierrez will discuss the benefits of open markets to the economy in Los Angeles, CA, on Thursday, November 29, 2007 at the GE Hispanic Forum Leadership Summit. Secretary Gutierrez will be joined by Fabiola Sojet, national executive, GE Colombia...

GE Energy Solar Technology to Help Light Rockefeller Center Christmas Tree
GE Energy (NYSE: GE) has supplied 363 roof-mounted solar panels at the top of 45 Rockefeller Plaza in New York City that will help generate electricity for the first solar powered Rockefeller Center Christmas Tree. The Christmas tree is decorated with 30,000 new energy-efficient LED lights...

GE Fanuc Intelligent Platforms AdvancedTCA IP Packet Processor Blade Delivers Superior Price/Performance
Raising the price/performance bar yet again in demanding telecommunications applications, GE Fanuc Intelligent Platforms today announced the AT2-5800 IP Packet Processor Advanced TCA Blade. Featuring two high performance Cavium OCTEON™ Plus...

Recent News & Press Releases: Power, Nuclear, Aerospace, Dreamworks - NBC

GE Aviation wins a total of $10B in deals at 2007 Dubai Airshow
The combined $10 billion in orders shows the tremendous demand for our advanced engine technology and services,” said Scott Donnelly, president & CEO, GE Aviation. “Our knowledge of this market and relationships in the Middle East have been extremely valuable. This was our most successful... [Press Release]

General Electric Unit Gets $10B in Deals
Among the $7.7 billion in engine orders, GE's Aviation division secured a $1.4 billion order from Saudi Arabia Airlines to perform overhaul and support services on the carrier's GE90, CF6 and CGF34 engines. Qatar Airways also ordered $1.2 billion worth of engines, including...

State Media: GE To Build Power Stations In Turkmenistan -AFP
U.S. company General Electric (GE) has been asked to build two power stations in Turkmenistan, state media said Sunday, in the latest sign the reclusive Central Asian state is opening up to Western firms...

GE chief urges incentives to fuel nuclear switch: Financial Times
U.S. government hopes that hundreds of nuclear power plants will be built to boost national energy supplies will be dashed unless the power industry is given strong financial incentives to switch away from fossil fuels, said Jeffrey Immelt, chief executive of General Electric...

DreamWorks in discussions to join NBC: report
David Geffen and Steven Spielberg's DreamWorks movie studio is in discussions to join NBC Universal after a soured relationship with owner Viacom Inc. and its Paramount division, according to...

Recent News: Subprime, Insider Trading, Housing, KSK Power, 2007 Revenue, Aviation and Aerospace

GE says investors cashed out from fund
Institutional investors cashed out about $600 million from General Electric Co.'s GE (NYSE:GE) Asset Management fund amid worries about potential losses due to the troubled subprime mortgage markets, a spokesman said Thursday...

GE SVP Sells Shares
A senior vice president at General Electric Co. sold 26,026 shares of common stock, according to a Securities and Exchange Commission filing Wednesday...

Investors getting nervous about short-term funds
Main Street is getting a taste of Wall Street's credit problems and investors may soon move money out of short-term funds, long considered safe, but now suffering losses, analysts and advisors said...

Ospraie Buys International Paper, Sells GE in Third Quarter
Ospraie Management LLC, a $7 billion hedge-fund firm run by Dwight Anderson, bought stakes in International Paper Co. and Compton Petroleum Corp. in the third quarter and sold shares in General Electric Co...

KSK Power says enters partnership with GE
Indian power project developer and power plant operator KSK Power Ventur said on Thursday it had entered a strategic partnership with General Electric Co., which had made an equity investment

Southwestern Energy agrees to sell gas utility operations for $224M
Southwestern Energy (NYSE:SWN) Co. said late Wednesday it has agreed to sell its natural gas distribution business, Arkansas Western Gas Co., to SourceGas LLC, an affiliate of General Electric's (NYSE:GE) GE Energy Financial Services...

GE CEO says housing market tough
General Electric Co. CEO Jeff Immelt reiterated on Wednesday that the global economy was strong despite a tough housing market and scotched speculation that his company might sell

UPDATE: GE CEO Sees 2007 Revenue At $175 Billion, Profit At $23 Billion
General Electric Co. (GE) Chief Executive Jeffrey Immelt Wednesday said the company expects to have revenue of $175 billion this year, with a profit of $23 billion

General Electric seeks to participate in Turkey's nuclear power programme
General Electric (NYSE:GE) Co expressed an interest in participating in Turkey's nascent nuclear power programme following the Turkish parliament's recent adoption of a law that authorises the construction of the first nuclear power

Poland's Bank BPH to merge operations with GE Money by end 2008 - CEO
Poland's third biggest lender Bank BPH expects the legal side of its sale to GE (NYSE:GE) Money to be completed in the first quarter and said it should be fully integrated with the US-owned bank's operations by the of 2008...

UPDATE 1-GE aviation trust postpones Singapore IPO
aircraft leasing trust backed by a unit of General Electric said on Wednesday it has delayed its planned Singapore initial public offering due to market volatility...

DAE Capital buys 20 planes from GECAS for 1 bln usd, 8 Airbus planes for 500 mln
Dubai Aerospace Enterprise unit DAE Capital said it has signed a contract to buy 20 small airplanes from General Electric Co's (NYSE:GE) aircraft leasing company General Electric Commercial Aviation Services (GECAS) for 1 bln usd, at the Dubai air show...

GE/Snecma Joint Venture Gets $95 Million CFM56-7 Billion Engine Order
CFM International, a joint venture between General Electric Co. (GE) and Safran SA's Snecma unit, received an engine order from transavia.com valued at $ 95 million...

BASF buys remaining shares in JV engineering plastics with SABIC
BASF AG said it agreed with Saudi Basic Industries Corp (SABIC) to buy all shares in the two companies' engineering plastics joint venture BASF GE (NYSE:GE) Schwarzheide GmbH & Co KG to fully benefit from rising demand for its products...

AIRSHOW-Dubai Aerospace in $1.5 bln orders from GE, Emirates
DUBAI, Nov 13 (Reuters) - State-owned Dubai Aerospace Enterprise (DAE) said on Tuesday it had signed deals to buy and lease $1.5 billion worth of aircraft from General Electric...

Recent GE Aviation News

- GE Aviation to produce Black Hawk helicopter engine (Business Courier)

- Virgin/Boeing/GE near biofuel selection for test (Flight International)

- Fighter engine project no sure thing for GE Aviation (Business Courier)

- GE Aviation wins $250M order (Business Courier)

- Interview With Catherine Gridley, GE Aviation (Aviation Week)

- Air India selects GE Aviation's GE90-115B engines to power Boeing 777-200LR (India Aviation)

- Greener engines good for business at GE (The Cincinnati Post)

- GE Aviation systems power M1A2 Abrams main battle tank (Military & Aerospace Electronics)

- Rolls-Royce engine certified for Boeing's 787 (Reuters)

- House committee approves F136 engine funding (Business Courier)

GE Aviation EasyJet Deal

- GE Aviation lands $1B deal with EasyJet (MSN Money/Bizjournals.com)

GE Plastics: New Products

- GE Plastics Debuts Resin for Demanding Aircraft Interiors (Jobwerx)

- GE Plastics Clear Film Helps Retailers and Shoppers (Jobwerx)

- GE Plastics (GE Website)

News: NBC, Aviation, and Appliances

- NBC Uni b'cast, film units a drag for GE (Hollywood Reporter)

- GE Racing To Keep Pace With Hot Sales (Aviation Week)

- GE set to launch first new appliance brand in 15 years (Business First/MSNBC)

Recent News

- United Colors of General Electric: Fool by Numbers (Motley Fool)

- US STOCKS-Blue chips gain on higher profit forecasts (Reuters)

- GE profit up, driven by infrastructure growth (Reuters)

- Mortgages Don't Hinder GE Earnings (Forbes)

- Stocks to open mixed; economy, GE in focus (Reuters)

- Looking for Light From GE (TheStreet.com)

- Barnes Aerospace, GE in ink deal (BusinessWeek.com)

- General Electric to expand in Germany through more staff, coops, acquisitions (Forbes)

- Secrets of an HR Superstar (BusinessWeek.com)

- GE executive predicts growth in real estate (San Jose Mercury News)