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GE is a global industrial company serving energy, healthcare, and aviation markets with equipment, services, and financing. It sells advanced systems for power generation and distribution, medical devices, and aircraft propulsion, plus long-term maintenance contracts. GE differentiates itself by offering integrated solutions across multiple industries, combining products, services, and financing under one umbrella. Its goal is to help customers operate more efficiently, reliably, and safely while expanding renewable energy and other low-emission technologies.
Industries
Industrial & Manufacturing
Energy
Aerospace
Healthcare
Company Size
10,001+
Company Stage
IPO
Headquarters
San Ramon, California
Founded
1892
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Total Funding
$4.3M
Above
Industry Average
Funded Over
0 Rounds
Rail sidings planned in Pittsfield, Lenox for next phase of GE Rest of River cleanup. PITTSFIELD - General Electric Co. has proposed plans for a pair of rail sidings along the Housatonic Railroad, allowing for train transit of PCB-contaminated sediments from the Rest of River cleanup of the Housatonic River. The company will present its plans at an online hearing hosted by the U.S. Environmental Protection Agency at 6:30 p.m. Thursday. Those wishing to sign up for the online hearing are asked to register for a unique website link or URL to join the meeting. Persons having difficulty accessing the design plan and/or registering for the meeting are asked to contact Olivia Lopez at [email protected]. The company's revised transportation plan was conditionally approved by the EPA in 2024 after an earlier proposal largely relying on trucks drew wide opposition. The revised plan now leans on trains carrying multimodal containers to ship less-contaminated sediments to a landfill being built in Lee, and more-contaminated sediments out of the region. The transportation plan is part of the Rest of River cleanup, under the terms of a consent decree approved by a federal judge in 2000. Under the terms, GE agreed to remove PCBs, a probable cause of cancer, from the river and its flood plains, and pay for the work. * 4 min to read The GE transportation plan proposes three rail sidings: at Utility Drive in Pittsfield, at Woods Pond in Lenox near the Berkshire Scenic Railway Museum, and near Rising Pond Dam in the Housatonic section of Great Barrington. As the cleanup is moving from north to south, the Rising Pond segment, and its rail siding, are years away. The presentation will include a summary of pre-design investigations completed for both locations, an outline of requirements the plans must meet, and a description of GE's design process. There will be time for questions following the presentation, and comments on the plan are being accepted through April 16 at [email protected]. The rail plan shows that sediments will be dewatered and loaded into intermodal shipping containers, which will be sealed before moving up or down the line. According to the plan, rail cars carrying sediments averaging more than 50 parts per million will travel north to Pittsfield, where they'll change trains for travel to out-of-area disposal sites. Sediments averaging less than 50 ppm will head south to the Woods Pond siding, where they will be offloaded for transport to the Upland Disposal Facility off Woodland Road in Lee. The Utility Drive siding will be a temporary facility built for the cleanup and will be removed when that phase of the cleanup is complete, according to the plans. Trucks will unload intermodal containers filled with dewatered soil and sediment removed from Reach 5A of the cleanup, temporarily store those containers, and load them for transport to their final destinations. General Electric used PCBs in the power transformers it built at its Pittsfield factory. Use of PCBs, a family of man-made chemicals that was widely used in manufacturing, was discontinued in the late 1970s when they were found to be a probable cause of cancer and other health problems. The Utility Drive siding will be an outbound-only facility, with two parallel tracks positioned at an angle away from the railroad right-of-way. The Woods Pond spur will at first take in rail cars carrying intermodal containers loaded with sediment from Reach 5A of the cleanup - from the West and East branch near Fred Garner River Park in Pittsfield to Utility Drive. Later, it will take in sediment from reaches 5B, 5C and 6. Those multimodal containers will then be transported by truck to the Upland Disposal Facility, which will hold about 1 million cubic yards of lower-contaminated sediments. Most sediments from Reach 6 - which includes sediment behind the Woods Pond Dam - are expected to be hydraulically siphoned directly to the landfill. But sediments that exceed the 50 ppm average must be disposed out of the area under the terms of the cleanup. Unlike the Utility Drive rail transload area capacity, the Woods Pond Spur will receive sediments from multiple locations. * 1 min to read The Woods Pond siding will also include infrastructure for the Berkshire Scenic Railway Museum. Three additional rail spurs and an inspection pit will be built, where the railway can store and service its 26 railroad cars. The company says it has been meeting with the Massachusetts Department of Fish and Game, which owns the Utility Drive property, on the potential impact of work and operations on recreational activities within the 818-acre George Darey Wildlife Management Area in Lenox. The company also said it has conferred with the Berkshire Scenic Railway Museum to ensure that the redesign of the property will be sufficient for both Rest of River cleanup operations and the railway museum's future use; with the Town of Lenox; and with the state Department of Transportation, which owns the rail right of way, and the Housatonic Railroad. According to GE, both MassDOT and the Housatonic Railroad found the plans "generally acceptable, on a conceptual level." When it was using PCBs, General Electric disposed of the man-made chemical in the Housatonic River, which remains posted with health warnings advising that anglers and hunters not eat what they catch. The company has already removed PCBs from a 1-and-a-half-mile stretch of the East Branch of the Housatonic River and capped contaminated sediments on its former plant and in Pittsfield's Silver Lake. A cleanup plan approved by EPA in 2016 would have required all removed sediments to be hauled away for disposal. But GE successfully challenged that plan in court, and a negotiated cleanup plan, brokered in closed-door executive sessions by a committee representing affected towns, approved a plan including local disposal in Lee. Many Lee residents remain opposed to the landfill and its design, saying it threatens health, the environment and property values. And environmental advocates continue to call for on-site treatment of PCBs rather than disposal. But a federal appeals court tossed a lawsuit opposing the current disposal remedy in 2023. Quality local journalism needs your support Access this story and all of our stories with 24/7 unlimited access.
GE Aerospace shares have fallen nearly 14% over the past month and 5% year-to-date, despite posting strong financial results. The stock trades near $295 after recovering 4% on 1 April. The decline came after the Islamic Revolutionary Guard Corps threatened strikes on 18 US technology and defence companies operating in the Middle East, including GE. The threat sparked bearish sentiment on Reddit, with scores between 22 and 28 across major investment subreddits. However, GE's fundamentals remain strong. Fourth-quarter 2025 revenue reached $12.72 billion, exceeding estimates, whilst full-year free cash flow doubled to $7.694 billion. The company maintains a $190 billion backlog and guides 2026 earnings per share between $7.10 and $7.40. Seventeen of 19 Wall Street analysts rate GE as a buy with a $362 price target.
GE unveils big data tools for Industry amid software shift. Berlin occasion showcases device information analysis after CEO alternate. The bulletins observe the naming of new CEO John FlanneryGeneral Electric Co. It is unveiling a software program for boosting its machines' productiveness and streamlining maintenance, along with offers with Danish transport line Maersk Corp. And French strength producer Dalkia SA. GE announced new software for electricity flora, drilling systems, and wind farms at an event in Berlin on Tuesday. The show-off for GE's IT knowledge comes an afternoon after the Boston business large stated longtime Chief Executive Officer Jeffrey Immelt might step down Aug. 1 in the desire of fitness-care leader John Flannery, after a transition to "an excessive-tech commercial organization" that's increasingly promoting software in addition to heavy gear. Immelt, the CEO, gave that 2001, constructed up GE's competencies in outfitting its turbines, jet engines, wind farms, and clinical gadgets with facts-amassing sensors and a software platform referred to as Predix to analyze it all. The software program pushed through GE is part of a huge movement by way of business manufacturers to create factories, electricity flowers, and vehicles that can sense their personal overall performance and environment, cut fees, or create new agencies primarily based on those records. Competitors consisting of Germany's Siemens AG, Switzerland's ABB Ltd., And France's Schneider Electric have also been including software programs and records analysis abilities to their equipment. Technology agencies, including IBM, Google, Microsoft, and Amazon.Com, are also making use of their software program for manufacturing and transportation applications, opening new rivalries. GE has approximately 20,000 software engineers operating on its software program in the electricity, aviation, healthcare, and oil and gas industries. Instead of definitely seeking to sell provider contracts with an offshore wind turbine as an example, GE can now provide clients a virtual version of the turbines it sells so their buyers can manage fleets based totally on location, performance, and climate conditions, Mark Hutchinson, GE's CEO for Europe, stated in a recent interview. Bill Ruh, the CEO of GE Digital, the organization's software program, and commercial net Department, said digitizing industrial operations would constitute a $two hundred billion marketplace through 2020. "As the price of their product declines, agencies are searching out efficiency," he said in an interview. GE doesn't plan to cut back its software program push under its new CEO, Vice Chair Beth Comstock stated in Berlin. "Investors had been affected the person," she said in an assembly with reporters. "They've been with us the final six years as we've been making investments." "I don't recognize how you don't cross digital as a business corporation," she said. "John Flannery knows this first hand. He's very aware of what's taking place in other agencies. He's not in isolation."Later this 12 months, GE plans to introduce a combination of its software tools for tracking machines' performance with the ServiceMax area carrier software program it received this year. GE Ventures, the company's funding and intellectual property licensing arm, is launching a corporation called Avatars Systems to combine GE's Predix platform with data evaluation, robotics, and AI generation to analyze machines within the drilling, strength, and transportation industries. Maersk Drilling and GE have begun a 12-month pilot to increase a drilling platform's productiveness with the aid of tracking equipment on board and predicting its upkeep schedule. GE can even work with Dalkia to expect gasoline engine repair schedules. GE is estimating $1 billion in Predix orders this year, and Ruh said he sees more "intensity of demand" in Europe" than in other areas. In Germany, specifically, hard and fast government programs and private investment, known as Industry 4.0, are trying to speed up investments in digitizing manufacturing. GE's remaining year spent $4 billion to broaden its analytical software and $2 billion on commercial three-D printing acquisitions and improvement.
GE Acquires Technology Assets of CSense Systems
GE Aerospace raised its full-year guidance after reporting strong third-quarter results driven by robust demand for services and improved delivery capabilities. The company posted revenue growth of 26% to $11.3 billion, with operating profit up 26% to $2.3 billion and earnings per share rising 44% to $1.66. Commercial services revenue grew 28%, whilst total engine deliveries increased 41% year-over-year, including record LEAP deliveries up 40%. The company now expects LEAP deliveries to grow more than 20% for the full year, up from a previous outlook of 15% to 20%. GE Aerospace raised its full-year revenue growth guidance to high teens from mid-teens, operating profit guidance to $8.65 billion–$8.85 billion, and EPS guidance to $6.00–$6.20. Free cash flow guidance increased to $7.1 billion–$7.3 billion.
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Industries
Industrial & Manufacturing
Energy
Aerospace
Healthcare
Company Size
10,001+
Company Stage
IPO
Headquarters
San Ramon, California
Founded
1892
Find jobs on Simplify and start your career today