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 10.01.14 ** HD iPad-Friendly -- Airborne 10.01.14 **
** Airborne 09.29.14 ** HD iPad-Friendly -- Airborne 09.29.14 **
** Airborne 09.26.14 ** HD iPad-Friendly -- Airborne 09.26.14 **

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 10.01.14: Sierra Nevada v NASA, A-29 Goes To Work, Be-200 Rebirth?

Also: PPC Bird's Eye View, Spitfires Return?, Cessna Sued Over 1981 Accident, Santa Monica Sues Pilot's Estate, Phase 1 Flight Testing Update Sierra Nevada Corporation (SNC) has fi>[...]

ANN's Daily Aero-Linx (10.02.14)

This site is intended to be a meeting place for those who rescue, shelter or foster animals, and volunteer pilots and plane owners willing to assist with the transportation of anim>[...]

ANN's Daily Aero-Term (10.02.14): Forward Flank Downdraft

The main region of downdraft in the forward, or leading, part of a supercell, where most of the heavy precipitation is located.>[...]

Aero-News: Quote Of The Day (10.02.14)

“I have something to tell you. But from now on you have to be really nice to me.” Source: Marsha Fulton of Covington, IN.>[...]

ANN FAQ: You Can Sponsor ANN And/Or Aero-TV!

Help ANN Grow So That We Can Be Of Greater Service To You! For the better part of a dozen years, ANN has set the pace for the growing and evolving aero-info revolution. No other ne>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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