GE Aviation

GE Aviation devrait supprimer plus de 1 000 postes sur 16 000

Sur Airwise , de Reuters

January 15, 2009

General Electric's jet-engine unit aims to reduce its white-collar staff by more than 1,000 people this year, a spokesman said on Thursday.

The job cuts, from a base of 16,000 salaried employees, would come through attrition, retirements, buyout
packages and some layoffs, said Rick Kennedy, a spokesman for GE Aviation. The company does not plan to reduce its manufacturing head count.

"This is the most difficult year for anyone in aviation to try to forecast," Kennedy said, citing the global financial crisis.

(Reuters)

http://news.airwise.com/story/view/1232050093.html

GE rachète le reste du capital d'Airfoil Technologies Itl Singapore à Teleflex.
Sevrice client CF6 et CFM56 ainsi que P W et Honeywell

http://www.aviationweek.com/aw/generic/story.jsp?id=news/ge03029.xml&headline=GE%20Will%20Buy%20Remaining%20Shares%20in%20ATI-Singapore&channel=mro

http://airfoiltech.com/index.php?option=com_content&task=view&id=22&Itemid=32
.....

GE's motivation in the purchase is to gain a controlling interest in the Singapore business, said representative Rick Kennedy. Considering the company's installed base of more than 23,000 commercial aircraft engines, he said GE wants to be able to expand the business and to protect proprietary repair processes. And, Singapore in
particular is an important location for GE, he noted....

tout le monde subit la crise.....même GE..
General Electric: dette dégradée par Standard & Poor's.

http://www.cerclefinance.com/default.asp?pub=valactu&localcode=∈=US3696041033&art=228739

Le conglomérat américain General Electric (GE) a vu la notation de sa dette de long terme dégradée jeudi par l'agence de notation-crédit Standard & Poor's.
GE a donc perdu la meilleure notation qui soit, AAA.

Quelques minutes après l'ouverture de Wall Street, l'action GE s'inscrivait malgré tout en hausse de 0,4% à 8,5 dollars.

Présent à la fois dans les domaines industriels et financiers, GE précise dans un communiqué de presse que S&P's "a annoncé la dégradation d'un seul cran des notes de long terme de General Electric Company et de General Electric Capital Corporation (GECC) de "AAA" à "AA+", assorti d'une perspective stable".

Standard & Poor's n'a pas dégradé la notation de court terme de GE ni celle de GECC, qui reste de "A-1+".

GECC se félicite dans son communiqué d'être "l'une des sociétés de services financiers au monde à
bénéficier d'une notation AA+".

Par ailleurs, General Electric "n'anticipe pas d'impact opérationnel ou financier significatif de suite à ce
changement". Le groupe rappelle qu'il dispose de 48 Md$ de liquidités et a déjà levé 90% de ses besoins de financement obligataire de long terme pour l'année 2009.

En début d'année, le PDG de GE, Jeffrey Immelt, s'était engagé à maintenir en 2009 le même dividende qu'en 2008 et la notation "AAA" de la dette du groupe.

Ge Aviation s'en sort plutôt bien au Q1 2009 !

L'article du Cincinnati BizJournal :

GE Aviation posted strong, double-digit gains in revenue and operating profit during the first quarter, helping to offset weakness in other General Electric Co. business units.

The parent company announced earnings per share of 26 cents for the three months that ended March 31, down 40 percent from the same period in 2008.
Total earnings of $2.8 billion were off 35 percent.
Cash flow was down 42 percent, mostly because GE Capital did not pay the parent corporation a dividend this year.
Excluding GE Capital's $1.1 billion dividend in the first quarter of 2008, cash flow in the
latest quarter from its industrial and media businesses was down 24 percent to $2.8 billion from $3.8 billion.

Jeff Immelt, GE's chairman and CEO, said results were consistent with its outlook presented to investors on March 19 and last December.

"Amid a continued weak economy, we're performing well and our backlog remains strong," he said in a statement.

Revenue at Evendale-based GE Aviation, the world's largest maker of jet engines, increased 12 percent to $4.8 billion. That included 12 percent growth in equipment revenue and 11 percent in services. It logged $5.5 billion in total orders, including $1.5 billion in military orders. Segment profit soared 39 percent to $1.1 billion, boosted by favorable prices, cost cutting, and unspecified gains related to mergers and acquisitions activities.

Results at GE's health care and transportation businesses were lower, as were revenue and profits at NBC Universal. Its energy infrastructure segment, including its energy and oil
& gas units, posted a 19 percent gain in operating profit on 7 percent higher revenues. GE's stock (NYSE: GE) was at $12.19, off 8 cents, shortly before noon.

http://cincinnati.bizjournals.com/cincinnati/stories/2009/04/13/daily69.html

General Eletric installe un centre de R&D, ingénierie et développements informatiques dans le Michigan :

GE research center to employ 1,200 in Mich.

General Electric Co. said Friday it will build a $100 million manufacturing technology center in Michigan that will eventually employ about 1,200 workers.

The Advanced Manufacturing and Software Technology Center will include a GE research and development facility with scientists and engineers who will develop manufacturing technologies for GE’s renewable energy, aircraft engine, gas turbine and other products.

The center, which is expected to open later this year in Van Buren Township, Mich., also will
develop software, networking and other services. Hiring is expected to begin later this year.

http://www.ajc.com/services/content/printedition/2009/06/27/business0627.html