Trystan Casey
General Electric Company (GE) is one of the oldest and largest industrial conglomerates in the US, founded by Thomas Edison in 1892 as Edison General Electric Company. GE has constantly evolved, creating new products and services, acquiring and selling off companies, and striving for quality. The company has multiple divisions, including GE Aerospace, GE Power, GE Renewable Energy, GE Additive, GE Capital, GE Energy Financial Services, GE Digital, GE Research, and GE Licensing. GE Healthcare, a leading global medical technology company, is committed to improving the global healthcare system through innovation. GE Aviation, another key division, produces jet engines, parts, and blended systems for commercial and military aviation. GE has a strong focus on innovation and has laid the groundwork for today's technological infrastructure, with a clear scope of operation in wind, hydro, solar, and hybrid electricity production.
| Characteristics | Values |
|---|---|
| Year founded | 1892 |
| Headquarters | Boston, Massachusetts, USA |
| Industries | Aviation, healthcare, renewable energy, power, digital industry, additive manufacturing, finance, aerospace, lighting, locomotives, appliances |
| Number of employees | 50,000-80,000+ |
| Number of countries | 100+ |
| Revenue | $18.3 billion, $19 billion, $68 billion |
| Net earnings | $8.8 billion |
| Market cap | $175 billion |
| Number of wind turbines | 55,000 |
| Number of gas turbines | 7,000 |
| Number of aircraft engines | 44,000+ commercial, 26,000+ military |
| Notable achievements | First American jet engine, first commercial nuclear power plant, first synthetic diamonds |
| Notable employees | Irving Langmuir, Ivar Giaever (both Nobel Prize winners) |
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What You'll Learn
GE Aviation
Other notable engines developed by GE Aviation include the T58 and T64 turboshaft engines, the J85 turbojet, and the F404 turbofan. The company's engine offerings for Boeing's new 787 aircraft are the GEnx and GE90, with the former also serving as the exclusive power plant for the Boeing 747-8. GE Aviation's facilities, such as the one in Lynn, continue to assemble jet engines for the United States Department of Defense and commercial operators. The Lynn plant produces engines like the F404, F414, T700, and CFE738, as well as commercial versions of the T700 turboshaft, known as the CT7.
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GE Healthcare
Over the years, GE Healthcare has grown into a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator. It operates in more than 100 countries, with major regional operations in France, Finland, Poland, Hungary, China, Japan, and India. The company has four main divisions: Medical Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.
The Ultrasound division has also seen substantial growth, with acquisitions such as Diasonics Vingmed in 1998, expanding GE Healthcare's presence in ultrasound imaging.
Patient Care Solutions focuses on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care. GE Healthcare's commitment to innovation in this area was demonstrated by their support for the Brighton Marathon in the UK, where they provided equipment to healthcare professionals monitoring and treating patients.
Finally, the Pharmaceutical Diagnostics division manufactures contrast agents and radiopharmaceuticals.
With around 50,000 employees worldwide, GE Healthcare is dedicated to creating a world where healthcare has no limits. The company embraces a culture of respect, transparency, integrity, and diversity, harnessing the power of intelligent devices, advanced analytics, artificial intelligence, and its Edison intelligence platform to drive better outcomes for patients, providers, and health systems globally.
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$230.38 $256
GE Renewable Energy
The GE Renewable Energy Hydro, a sub-division of GE Renewable Energy, is involved in hydroelectricity generation. This includes the design, manufacture, and installation of equipment for both gravity-fed and pumped-storage power plants, as well as upgrades to existing hydroelectric plants. GE Renewable Energy Hydro has also developed aerating turbines designed to increase the amount of oxygen in the water passing through the turbines to benefit aquatic life downstream. This sub-division is headquartered in Grenoble, France.
In 2021, it was announced that GE Renewable Energy would be merged with GE Digital, GE Power, and GE Energy Financial Services to form GE Vernova, a company independent of General Electric. The merger was completed in 2024, with GE Vernova focusing on leading the energy transition to a more sustainable future.
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GE Aerospace
The company has recently expanded its engine health monitoring capabilities and introduced new technologies such as 3D printing in its engine manufacturing processes. GE Aerospace has also invested in additional 3D printing machines and tooling, demonstrating its commitment to innovation and technological advancement.
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GE Capital
In 2015, GE Capital sold its Australian and New Zealand operations to a consortium led by Deutsche Bank, KKR, and Värde Partners. The business was renamed Latitude Financial Services. Additionally, GE Capital's Mexican equipment lending and leasing operations were sold to Linzor Capital Partners. GE Capital's Japanese capital finance, fleet service, and vendor finance businesses were sold to Sumitomo Mitsui Financial Group.
Over the years, GE Capital underwent significant changes, with various units being sold off between 2013 and 2021. Ultimately, only one division remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up. GE Vernova is a global energy company that builds on GE's legacy and is committed to leading the energy transition towards a more sustainable future.
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Frequently asked questions
GE Aerospace, GE Vernova, and GE Healthcare.
Genpact, RCA Corporation, NBC, Telemundo, GE Capital, GE Energy Services, and GE Credit Union.
GE Aviation, GE Healthcare, GE Renewable Energy, GE Power, GE Digital, and GE Research.
Aviation, healthcare, renewable energy, power, digital industry, additive manufacturing, and finance.
Electric locomotives, X-ray machines, electric stoves, lighting, and television broadcasting.
