Trystan Casey
General Electric Company (GE) is an American multinational conglomerate founded in 1892 and incorporated in New York. The company has a presence in over 100 countries worldwide, with a diverse range of business divisions, including aerospace, energy, healthcare, lighting, locomotives, appliances, and finance. GE has a long history of innovation, particularly in the field of electricity and computing, and has faced some challenges in recent years, with a decline in profitability. Today, GE continues to be a significant player in the global market, with a focus on sustainability and social responsibility.
| Characteristics | Values |
|---|---|
| Number of countries served | 170 |
| Number of countries with GE Vernova installed bases | 50+ |
| Number of employees across the world | 80,000+ |
| Number of employees across Europe | 25,000 |
| Number of subsidiaries worldwide | 132 |
| Stock exchange listings | New York, London, Euronext Paris, SIX Swiss, Frankfurt |
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What You'll Learn
General Electric's global presence
General Electric Company (GE) is an American multinational conglomerate founded in 1892 and incorporated in the state of New York. It is headquartered in Boston, with GE Vernova, its energy company, headquartered in Cambridge, Massachusetts. GE serves customers in 170 countries and has 132 fully-owned subsidiaries worldwide. The company has a global presence in the aerospace, energy, healthcare, lighting, locomotives, appliances, and finance industries.
GE Aerospace is a global leader in propulsion, services, and systems, with an installed base of over 44,000 commercial and 26,000 military aircraft engines. The company has a team of 52,000 employees worldwide, building on more than a century of innovation. GE Vernova, the energy company, has more than 25,000 employees across Europe, with installed bases in over 50 countries.
GE HealthCare, the health technology company, has 50,000 employees working to advance personalized, connected, and compassionate care. The company is committed to providing integrated solutions, services, and data analytics to make hospitals more efficient and improve patient care from diagnosis to therapy and monitoring. GE HealthCare is present in more than 100 countries.
GE has a long history of innovation and global operations. The company was one of the eight major computer companies of the 1960s and was the first business in the world to own a computer. GE has had a significant presence in the Israeli market, providing engines for the country's air and naval military forces. The company has also collaborated with various companies and settlements in Israel on wind farm projects, such as the Emek Habacha wind farm in the occupied Syrian Golan.
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GE's history
General Electric Company (GE) was founded in 1892 as an American multinational conglomerate. Over the years, GE has expanded into multiple divisions, including aerospace, energy, healthcare, lighting, locomotives, appliances, and finance. The company has a long history of innovation, with a presence in over 100 countries and a global team of 50,000 to 80,000 employees.
In the 1950s, GE entered the computer manufacturing industry as they were one of the largest users of computers outside the US federal government and the first business in the world to own one. They developed a range of computers, including the GE 200, GE 400, and GE 600 series general-purpose computers, as well as computers for process control and message switching. However, in 1970, GE sold its computer division to Honeywell and exited the industry, retaining its timesharing operations.
GE has a significant presence in the aerospace industry, with an installed base of more than 44,000 commercial and over 26,000 military aircraft engines. The company also has a history of acquisitions and mergers, including the RCA Corporation in 1985, primarily to gain ownership of the NBC television network. In 1993, GE sold its Aerospace business to Martin Marietta, and in 2023, GE HealthCare, the health technology company, was spun off, followed by the founding of GE Vernova, the energy company.
GE Vernova, headquartered in Cambridge, Massachusetts, has over 25,000 employees across Europe, with installed bases in more than 50 countries. The company is committed to promoting human rights, diversity, and ethical practices within its operations and supply chain, serving customers in 170 countries with unique political systems and domestic complexities. GE Vernova aims to lead the energy transition and provide sustainable energy solutions to power economies and improve the quality of life worldwide.
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The company's subsidiaries
General Electric Company (GE) is an American multinational conglomerate founded in 1892 and incorporated in the state of New York. It is currently headquartered in Boston, with more than 80,000 employees across 100+ countries worldwide.
Over the years, GE has had multiple divisions, including aerospace, energy, healthcare, lighting, locomotives, appliances, and finance. The company serves customers in 170 countries, each with its own unique political system and domestic complexities.
GE has 132 fully-owned subsidiaries worldwide. Its Israeli subsidiary, General Electric Energy Israel Ltd., is one example. GE International Inc. is the company's representative in Israel, and it has also collaborated with several Israeli companies, such as Enlight Renewable Energy, Microsoft, MRC Group, Bharat Heavy Electricals Limited (BHEL), and Alliance Airline.
GE Aerospace, the aerospace company, is GE's legal successor and includes more than 44,000 commercial and over 26,000 military aircraft engines in its installed base. GE HealthCare, a health technology company, was spun off from GE in 2023 and is dedicated to advancing personalized, connected, and compassionate care. GE Vernova, the energy company, was founded when GE finalized the split and has more than 25,000 employees across Europe, with installed bases in more than 50 countries.
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GE's customers
General Electric Company (GE) is an American multinational conglomerate founded in 1892 and incorporated in the state of New York. It is publicly traded on the New York Stock Exchange and listed on several other stock exchanges worldwide. GE serves customers in 170 countries and employs more than 80,000 people across 100+ countries.
GE has a diverse range of customers, including governments, businesses, and individuals worldwide. Its products and services span multiple industries, including aerospace, energy, healthcare, lighting, locomotives, appliances, and finance.
In the aerospace industry, GE Aerospace is a global leader in propulsion, services, and systems. The company has an installed base of more than 44,000 commercial and over 26,000 military aircraft engines. GE also provides engines for military forces, including Israel's air and naval military forces.
GE Healthcare, a health technology company, has been operating for over 100 years. It provides integrated solutions, services, and data analytics to hospitals and healthcare providers, improving patient care from diagnosis to therapy to monitoring. GE Healthcare is a leading global innovator in medical technology, pharmaceutical diagnostics, and digital solutions.
GE Vernova, the energy company, has more than 25,000 employees across Europe and installed bases in more than 50 countries. The company is committed to leading the energy transition and providing affordable, reliable, sustainable, and secure energy to its customers. GE Vernova's businesses include Power, Wind, and Electrification, supported by accelerator businesses in Advanced Research, Consulting Services, and Financial Services.
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The company's human rights program
General Electric (GE) is present in over 100 countries worldwide and has more than 80,000 employees globally. The company's human rights program is an integral part of its commitment to social responsibility and transparency. GE has demonstrated a strong dedication to upholding human rights and equality through its policies and practices.
One notable aspect of GE's human rights program is its commitment to LGBT rights and workplace equality. In 2015, the company received the HRC Corporate Equality Award from the Human Rights Campaign (HRC), recognizing its inclusive corporate policies and practices. GE was one of the first major corporations to extend full same-sex spousal benefits to its employees in the United States, showcasing its support for the LGBT community. The company also offers transgender-inclusive healthcare coverage, further emphasizing its dedication to LGBT equality.
GE's human rights program also extends to its global workforce. With employees in numerous countries, GE prioritizes cultural diversity and inclusion. The company's Next Engineers program aims to increase diversity in engineering by engaging young people from different backgrounds. This program is present in various countries, including the UK, Poland, and others, fostering a more inclusive and representative workforce.
Additionally, GE's human rights program encompasses environmental sustainability and social impact. GE Vernova, a global energy company within GE, is dedicated to leading the energy transition and delivering affordable, reliable, and sustainable energy solutions. With a focus on electrification, wind, and power, GE Vernova aims to help create a more sustainable future. GE HealthCare, another division of GE, advances personalized healthcare while simplifying the patient journey. Their commitment to social responsibility extends beyond their employees to the communities they serve.
GE's human rights program is an ongoing commitment, and the company continues to strive for equality, inclusivity, and social responsibility. Through their policies, practices, and initiatives, GE demonstrates a dedication to upholding human rights and creating a positive impact worldwide. The company's transparency and commitment to integrity are key pillars of their human rights approach, ensuring they maintain high standards across their global operations.
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Frequently asked questions
General Electric serves customers in 170 countries.
General Electric has more than 80,000 employees worldwide.
GE Vernova has more than 25,000 employees across Europe, with installed bases in over 50 countries.
