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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 06.29.15

Airborne 06.30.15

Airborne 07.01.15

Airborne 06.25.15

Airborne 06.26.15

Airborne Hi-Def On YouTube

Airborne 06.29.15

Airborne 06.30.15

Airborne 07.01.15

Airborne 06.25.15

Airborne 06.26.15

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 06.30.15: Defending Santa Monica, Aspen ADS-B, NBAA v Privatization

Also: Spectra Reserves, Aero-Calendar, New Airman Standards, Spaceport America, Pointing Lasers, C-17 Training Network, Seaplane Sim Supporters of the Santa Monica, California Airp>[...]

Hexacopter Blasted Out Of The Air Results In Small Claims Charge

Court Finds In Favor Of Aircraft Owner Back in November last year, Eric Joe was visiting his parent's home in Modesto, CA, and flew his Hexacopter low and slow over what he says wa>[...]

SpaceX Falcon 9 Anomaly Was Apparently In The Booster's Second Stage

First Stage Operated Normally As The Spacecraft Disintegrated More details are emerging from the launch failure Sunday of a SpaceX Falcon 9 booster carrying a Dragon resupply space>[...]

AeroSports Update: Wingfoot One Headed To AirVenture

Goodyear’s Brand New Wingfoot One Airship Makes Its EAA AirVenture Oshkosh Debut This Year. If you think rigid airships are something from the past, it’s time to get a >[...]

AD: Dassault Aviation Airplanes

AD NUMBER: 2015-13-08 PRODUCT: All Dassault Aviation Model FALCON 2000EX airplanes.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC