Profile: General Electric Co (GE.N)
20 Nov 2017
General Electric Company (GE), incorporated on April 15, 1892, is a global digital industrial company. The Company's products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. The Company's segments include Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Energy Connections & Lighting, and Capital. As of December 31, 2016, the Company served customers in approximately 180 countries.
The Power segment serves power generation, industrial, government and other customers around the world with products and services related to energy production. The Company's products and technologies harness resources, such as oil, gas, coal, diesel, and nuclear to produce electric power and include gas and steam turbines, full balance of plant, upgrade and service solutions, as well as data-leveraging software. The Company's Gas Power Systems offers a spectrum of heavy-duty and aeroderivative gas turbines for utilities, independent power producers and industrial application, from small, mobile power to utility scale power plants. Its Steam Power System offers steam power technology for coal and nuclear applications, including boilers, generators, steam turbines, and Air Quality Control Systems (AQCS) to help efficiently produce power and provide performance over the life of a power plant.
The Company's Power Services delivers maintenance, service and upgrade solutions across total plant assets and over their operational lifecycle. Its Distributed Power provides technology-based products and services to generate power at or near the point of use. The product portfolio features fuel flexible industrial gas engines, including Jenbacher and Waukesha engines, which generate power for numerous industries globally.
The Renewable Energy segment offers renewable power sources. The segment offers solutions from onshore and offshore wind, hydro and low carbon technologies. The Company's Onshore Wind provides technology and services for the onshore wind power industry by providing wind turbine platforms, and hardware and software to optimize wind resources. Digital Wind Farm is a site level solution to manage its customers' fleet operations. The Company's Offshore Wind offers its high-yield offshore wind turbine, Haliade 150-6 megawatts, which is compatible with bottom fixed and floating foundations. Wind services support customers over the lifetime of their fleet. The Company provides a range of solutions, products and services to serve the hydropower industry from initial design to final commissioning, from low head/medium/high head hydropower plants to pumped storage hydropower plants, small hydropower plants, concentrated solar power plants, geothermal power plants and biomass power plants.
Oil & Gas
The Oil & Gas segment serves all sectors of the oil and gas industry, from drilling, completion, production and oil field operations, to transportation through liquefied natural gas (LNG) and pipelines. In addition, the Oil & Gas segment provides industrial power generation and compression solutions to the refining and petrochemicals sectors. It also delivers pipeline integrity solutions and a range of sensing, inspection and monitoring technologies. It exploits technological innovation from other GE segments, such as Aviation and Healthcare, to manage oil and gas industry performance, output and productivity. The Company's Turbomachinery Solutions (TMS) provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry. Its portfolio includes drivers (aero-derivative gas turbines, heavy-duty gas turbines and synchronous and induction electric motors), compressors (centrifugal and axial, direct drive high speed, integrated, subsea compressors and turbo expanders) and turnkey solutions (industrial modules and waste heat recovery).
The Company's Subsea Systems & Drilling (SS&D) provides a portfolio of subsea products and services required to facilitate the flow of hydrocarbons from the subsea wellhead to the surface. In addition, the sub-segment designs and manufactures onshore and offshore drilling and production systems and equipment for floating production platforms, and provides a range of services related to onshore and offshore drilling activities. Its Digital Solutions (DS) provides equipment and services for a range of industries, including oil and gas, power generation, aerospace, metals, and transportation. The offerings include sensor-based measurement; non-destructive testing and inspection, and turbine, generator and plant controls and condition monitoring, as well as pipeline integrity solutions.
The Company's Surface provides products and services for onshore oil and gas wells, and manufactures artificial lift equipment for extracting crude oil and other fluids from wells. Its Specific products include downhole tools for well integrity, dry trees and surface wellheads, electric submersible pumps, surface wellheads, wireline logging, artificial lift technologies, drilling pressure control equipment. The Company's Downstream Technology Solutions (DTS) provides products and services to serve the downstream segments of the industry, including refining, petrochemical, distributed gas, flow and process control and other industrial applications. Products include steam turbines, reciprocating and centrifugal compressors, pumps, valves, and compressed natural gas (CNG) and small-scale LNG solutions used primarily for shale oil and gas field development.
The Aviation segment designs and produces commercial and military aircraft engines, integrated digital components, electric power and mechanical aircraft systems. It also provides aftermarket services to support its products. The Company's Commercial Engines manufactures jet engines and turboprops for commercial airframes. Its commercial engines power aircraft in all categories: regional, narrowbody and widebody. It also manufactures engines and components for business and general aviation segments. Its commercial services provide maintenance, component repair and overhaul services (MRO), including sales of replacement parts. Its Military manufactures jet engines for military airframes. Its military engines power various military aircraft, including fighters, bombers, tankers, helicopters and surveillance aircraft, as well as marine applications. Its Systems provides components, systems and services for commercial and military segments. This includes avionics systems, aviation electric power systems, flight efficiency and intelligent operation services, aircraft structures and Avio Aero. Its Additive provides machines for metal additive manufacturing for industry.
The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions. The Company's Healthcare Systems provides a range of technologies and services that include diagnostic imaging and clinical systems. Its Diagnostic imaging systems offers X-ray, digital mammography, computed tomography (CT), magnetic resonance (MR), surgical and interventional imaging and molecular imaging technologies allow clinicians to see inside the human body more clearly. Its Clinical systems include ultrasound, electrocardiography (ECG), bone densitometry, patient monitoring, incubators and infant warmers, respiratory care, and anesthesia management that enable clinicians to provide care for patients every day from wellness screening to diagnostics to life-saving treatment. Healthcare systems also offers product services that include remote diagnostic and repair services for medical equipment manufactured by the Company and by others.
The Company's Life Sciences delivers products and services for drug discovery, the biopharmaceutical industry and cellular technologies. It also researches, manufactures, and markets imaging agents used during medical scanning procedures to highlight organs, tissue and functions inside the human body, to aid physicians in the early detection, diagnosis and management of disease through in-vivo diagnostics. The Company's Healthcare Digital provides medical technologies, software, analytics, cloud solutions, implementation and services.
The Transportation segment is a supplier to the railroad, mining, marine, stationary power and drilling industries. The Company's Locomotives provide freight and passenger locomotives, as well as rail services to help solve rail challenges. The Company manufactures high-horsepower, diesel-electric locomotives, including the Evolution Series, which meets or exceeds the United States Environmental Protection Agency's (EPA) Tier 4 requirements for freight and passenger applications. The Company develops partnerships that support advisory services, parts, integrated software solutions and data analytics. Its offerings include tailored service programs; overhaul, repair and upgrade services, and wreck repair. Its portfolio provides the people, partnerships and software to optimize operations and asset utilization. Its Digital Solutions offers a suite of software-enabled solutions. The Company's Mining provides mining equipment and services, and its portfolio includes drive systems for off-highway vehicles, mining equipment, and mining power and productivity. Its Marine, Stationary & Drilling offers marine diesel engines and stationary power diesel engines and motors for land and offshore drilling rigs.
Energy Connections & Lighting
The Company's Energy Connections designs and deploys technologies that transport, convert, automate and optimize energy to electrical power. The Company's Industrial Solutions creates technologies that distribute and control electricity to protect people, property and equipment. The Company provides software and control solutions, and offers products, such as circuit breakers, relays, arresters, switchgear, panel boards and repair for the commercial, data center, healthcare, mining, renewable energy, oil and gas, and telecommunication markets. The Company's Grid Solutions' products and services include high voltage equipment, power electronics, automation and protection equipment, and software solutions. The Company serves industries, such as generation, transmission, distribution, oil and gas, telecommunication, mining and water, primarily in Mexico and China. The Company's Power Conversion applies the science and systems of power conversion to the electric transformation. Its product portfolio includes motors, generators, automation and control equipment. It also focuses on automation and controls. The Company's offerings under lighting include GE Lighting and Current. The GE Lighting business offers light emitting diodes (LEDs) in a range of shapes, sizes, wattages and color temperatures. Its Current delivers energy efficiency and productivity solutions for commercial and industrial customers.
The Capital segment is a financial services division. The segment provides financial products and services around the globe. Its products and services include Industrial Finance (IF), which provides equipment financing solutions globally for the GE industrial businesses; Energy Financial Services (EFS), which is a global energy investor that provides financial solutions and underwriting capabilities for power, renewable energy, and oil and gas sectors, and GE Capital Aviation Services (GECAS), which offers commercial aircraft leasing, financing, services and consulting.
General Electric Co
41 Farnsworth St
BOSTON MA 02210-1236
Company Web Links
- GE shares rise after CEO Flannery buys stock
- GE shares rise after CEO Flannery buys stock
- BRIEF-General Electric CEO John Flannery reports open market purchase of 60,000 shares of co's common stock on Nov 15 at $18.27 per share
- BRIEF-GE director Steven Mollenkopf buys 5,500 shares of co's common stock
- BRIEF-General Electric names Raghu Krishnamoorthy chief human resources officer