GE Aviation Records 11 Percent Revenue Growth For Fourth Quarter | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 10.29.14 ** HD iPad-Friendly -- Airborne 10.29.14 **
** Airborne 10.27.14 ** HD iPad-Friendly -- Airborne 10.27.14 **
** Airborne/NBAA2014 10.24.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.24.14 **

Wed, Jan 23, 2013

GE Aviation Records 11 Percent Revenue Growth For Fourth Quarter

Year-To-Year Comparison Shows Seven Percent Increase In Profit

No matter how you slice it, 2012 was a good year for GE Aviation. The company posted a profit of $3.75 billion over 2011, equating to a seven percent increase.

The fourth quarter was strong as well, with the company's profits increasing 22 percent over the same period in 2011, according to a report appearing in Air Transport World online. The fourth quarter revenues were $5.47 billion, an 11 percent increase.

GE chairman and CEO Jeff Immelt said the company closed out 2012 strong "despite the mixed global economic environment.” He said there is growth in China and other resource-rich countries, but the global environment remains uncertain. But Immelt also said in a statement that the company has its "largest backlog in history and a substantial amount of cash generated by our businesses in the fourth quarter." He said the momentum going into 2013 was "great."

GE also announced the acquisition of Italian aerospace company Avio during 2012. The company said in a statement at the time the $4.3 billion deal was announced that it would "further GE’s participation in jet propulsion, one of the most attractive sectors of the aviation industry."

FMI: www.geaviation.com

Advertisement

More News

Airborne 10.29.14: Antares Launch Failure, GAMA Responds, Another 'Roadable'???

Also: Dragon Returns, Quadcopter Flown At Airliner?, Classic Aero-TV: Redhawk, Diesel Flt School Airplanes, WWII Bomber Found The unmanned Antares rocket built by Orbital Science C>[...]

Classic Aero-TV: ‘Have it Your Way!’ – The SPA Panther

A New Single-Seat SportPlane Shows Great Potential For Serious Fun While at the Sport Aviation Expo 2014, ANN CEO and Editor-In-Chief, Jim Campbell stopped by to talk with Dan Wese>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-21-07 PRODUCT: Certain Bombardier, Inc. Model CL-600-2C10 (Regional Jet Series 700, 701, & 702) airplanes, Model CL-600-2D24 (Regional Jet Series 900) airplanes>[...]

AD: Airbus Airplanes

AD NUMBER: 2014-21-10 PRODUCT: Certain Airbus Model A330-200 and -300 series airplanes, and Model A340-200 and -300 series airplanes.>[...]

ANN's Daily Aero-Linx (10.31.14)

Ex-MACs This group is made of retired McDonnell Engineers, most of whom began their careers at MAC either on the F101, F3H or F4H programs.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC