GENERAL ELECTRIC CO.

Company Overview

General Electric, founded in April 1892, operates globally through its different business segments: Aerospace, Renewable Energy, Power, Healthcare and Corporate. The company manufactures aircraft engines, locomotives and other transportation equipment, generators and turbines, lighting. And oil & gas exploration and production equipment. It also offers healthcare products. It has a presence in 160 countries across the globe with more than 125,000 employees. Its manufacturing and service facilities are carried out at 59 manufacturing plants located in 24 states in the U.S. and Puerto Rico and at 102 manufacturing plants located in 25 other countries.

The Aerospace segment includes engines, components, avionics, and systems for commercial, military and business and general aviation aircraft and two global service networks to support these offerings. As of 2022, GE has an installed base of more than 40,900 commercial aircraft engines and more than 26,100 military aircraft engines. The Renewable Energy segment includes onshore wind, offshore wind, grid solutions equipment & services, hydro solutions and hybrid solutions. It has an installed base of 400+ GW of renewable energy equipment. The Power segment includes gas power, steam power, power conversion, nuclear, and others. The Healthcare segment includes healthcare systems, pharmaceutical diagnostics and BioPharma. It completes more than 4 million installations and conducts more than 2 billion patient exams per year.

Financial Highlights (FY 2023)

Company's Business Segments

• Aerospace : Commercial Engines and Services, integrated engine components, electric power and mechanical aircraft systems. Provides aftermarket services to support.
• Renewable Energy : Onshore Wind; Grid Solutions Equipment and Services; Hydro, Offshore Wind and Hybrid Solutions
• Power : Gas Power; Steam Power; Power Conversion, Nuclear and other
• Corporate : GE Digital business, GE Vernova, financial services business, Insurance operations principal retirement plans, significant, higher-cost restructuring programs, separation costs, and other costs reported in Corporate.