Articles from GE

Today, GE Aerospace will host its 2024 Investor Day in New York, New York. The event begins at 8:00am EST and can be viewed virtually here. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. will be joined by members of the leadership team to discuss the strategic priorities and near- and longer-term outlook for GE Aerospace in advance of launching as an independent public company on April 2, 2024.

GE (NYSEGE) announced that GE Vernova will host its 2024 Investor Day today in New York, New York. The event begins at 8:00am EST and can be viewed virtually here. GE Vernova CEO Scott Strazik will be joined by GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., GE Board member and GE Vernova Non-Executive Chair Steve Angel, and members of the GE Vernova leadership team to discuss the strategic priorities and near- and longer-term outlook for GE Vernova in advance of launching as an independent, public company on April 2.

GE (NYSEGE) today announced the filing of its Form 10 registration statement with the U.S. Securities and Exchange Commission (“SEC”) for the planned spin-off of GE Vernova. A copy of the Form 10 is available on the SEC website at www.sec.gov. Downloadable historical financial and pro forma financial information can also be accessed as an attachment to this press release and here.

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable January 25, 2024, to shareholders of record at the close of business on December 28, 2023. The ex-dividend date is December 27, 2023.

GE (NYSEGE) today announced the Boards of Directors for GE Vernova—the planned independent public company that will be created following its spin-off from GE—and GE Aerospace.1

GE (NYSEGE) today announced that it plans to spin off GE Vernova and launch GE Aerospace in the beginning of the second quarter of 2024, subject to final approval from the GE Board of Directors and other customary conditions.

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable October 25, 2023, to shareholders of record at the close of business on September 26, 2023. The ex-dividend date is September 25, 2023.

As companies and employees alike adapt to a changing work environment beset by return-to-work debates, AI fears and other challenges, a new nationwide study by GE (NYSEGE) and global polling firm Ipsos found agreement in the need for companies to clearly articulate their approach to leadership, but divergent views between C-suite and entry-level respondents as to how successfully companies are delivering.

GE (NYSEGE) announced today that GE Vernova has appointed two new leaders to its leadership team. These appointments complete the executive leadership team for GE Vernova as the business prepares to launch as an independent company sometime in early 2024.

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable July 25, 2023, to shareholders of record at the close of business on July 11, 2023. The ex-dividend date is July 10, 2023.

GE (NYSEGE) today announced a Chief Financial Officer transition. Rahul Ghai will become Senior Vice President and Chief Financial Officer of GE effective September 1, 2023, succeeding Carolina Dybeck Happe. Mr. Ghai will assume this role in addition to his current responsibilities as Chief Financial Officer of GE Aerospace, which he has held since August 2022. Dybeck Happe will continue as an SVP of GE for a period of time to assist with the transition and continued work to prepare for separation readiness ahead of the planned GE Vernova spin-off.

GE (NYSEGE) today announced that its Board of Directors has named two new members: Darren McDew, retired General, U.S. Air Force, and former Commander of the U.S. Transportation Command, and Jessica Uhl, former Chief Financial Officer of Shell plc.

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable April 25, 2023, to shareholders of record at the close of business on March 7, 2023. The ex-dividend date is March 6, 2023.

Today the Channel Tunnel, the longest undersea tunnel in the world, reached a technological milestone with Getlink’s commissioning of a high-voltage grid solution from GE Renewable Energy’s Grid Solutions business [NYSE:GE]. GE’s flexible Static Synchronous Compensator (STATCOM) solution delivers the fast voltage support Eurotunnel requires to be able to run up to 16 trains simultaneously in the Channel Tunnel - a 60% increase in maximum capacity or as many as 1,000 trains per day.

GE (NYSEGE) announced that GE HealthCare is hosting an Investor Day today in New York. The event begins at 8:00am Eastern Standard Time and can be viewed virtually here. The event will feature presentations from GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., GE HealthCare CEO Peter Arduini, GE HealthCare CFO Helmut Zodl, and other members of GE HealthCare’s leadership team, who will outline the business’ strategic priorities and financial framework in advance of its planned spin from GE in early January.

GE Renewable Energy’s Grid Solutions Services team used digital X-ray technology – guided by the same principle utilized in the healthcare industry – to complement the preventive maintenance in Petrobras’ gas insulated substation (GIS), in the Abreu e Lima Refinery (RNEST), state of Pernambuco (Brazil).

GE (NYSEGE) announces its acceptance of approximately $7.0 billion in aggregate purchase price (excluding the accrued and unpaid interest on such Securities) (the “Total Maximum Amount”) of the securities listed in the table below (such securities, the “Securities” and, such offer to purchase, the “Tender Offer”). GE is accepting for purchase the aggregate purchase price of all Securities with acceptance priority levels set forth in the table below (the “Acceptance Priority Levels”) 1 and 2, and the Securities with Acceptance Priority Level 3 on a pro rata basis up to the Total Maximum Amount, using a proration factor of approximately 46.42%, that were validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on November 22, 2022 (such date and time, the “Early Participation Date”).

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable January 25, 2023, to shareholders of record at the close of business on December 15, 2022. The ex-dividend date is December 14, 2022.

GE (NYSEGE) today announced the applicable “Reference Yield” for each series of Securities (as defined below) for its previously announced offer to purchase for cash, for its own account and on behalf of the Subsidiary Issuers (as defined below), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated November 8, 2022 (as amended or supplemented from time to time, the “Offer to Purchase”) for cash up to $7,000,000,000 (as converted on the basis set forth herein) (excluding the accrued and unpaid interest on such Securities) aggregate purchase price (the “Total Maximum Amount”) of the securities listed in the table below (such securities, the “Securities” and, such offer to purchase, the “Tender Offer”), issued by GE or an affiliate (and assumed or guaranteed by GE). Given the aggregate principal amount of the Securities validly tendered in the Tender Offer prior to the Early Participation Date, GE expects the aggregate purchase price of such Securities to exceed the Total Maximum Amount.

GE (NYSEGE) announces the results as of 5:00 p.m., New York City time, on November 22, 2022 (the “Early Participation Date”), for its previously announced offer to purchase for cash, for its own account and on behalf of the Subsidiary Issuers (as defined below), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated November 8, 2022 (as amended or supplemented from time to time, the “Offer to Purchase”) for cash up to $7,000,000,000 (as converted on the basis set forth herein) (excluding the accrued and unpaid interest on such Securities) aggregate purchase price (the “Total Maximum Amount”) of the securities listed in the table below (such securities, the “Securities” and, such offer to purchase, the “Tender Offer”), issued, assumed or guaranteed by GE. Given the aggregate principal amount of the Securities validly tendered in the Tender Offer prior to the Early Participation Date, GE expects the aggregate purchase price of such Securities to exceed the Total Maximum Amount.

GE (NYSEGE) announces for its own account (including as successor of General Electric Capital Corporation and General Electric Capital Services, Inc.) and on behalf of GE Capital International Funding Company Unlimited Company (formerly GE Capital International Funding Company), GE Capital European Funding Unlimited Company (formerly GE Capital European Funding), GE Capital UK Funding Unlimited Company (formerly GE Capital UK Funding), GE Capital Funding, LLC, and Security Capital Group Incorporated (for its own account and as successor of SUSA Partnership, L.P.) (collectively, the “Subsidiary Issuers”) an offer to purchase for cash (such offer to purchase, the “Tender Offer”) up to $7,000,000,000 (as converted on the basis set forth herein) aggregate purchase price of the securities listed in the table below (such securities, the “Securities”) (excluding the accrued and unpaid interest on such Securities) (the “Total Maximum Amount”) issued by GE or an affiliate (and assumed or guaranteed by GE).

GE’s Grid Solutions and Power Conversion businesses (NYSEGE) have been selected by Baker Hughes, an energy technology company, to provide the high-voltage (HV) equipment and the energy management system (EMS) to support Venture Global LNG’s Plaquemines liquefied natural gas (LNG) export facility in Louisiana.

GE (NYSEGE) today announced the filing of the Form 10 registration statement with the U.S. Securities and Exchange Commission (“SEC”) for the planned spin-off of its Healthcare division, to be called GE HealthCare.

GE (NYSEGE) today announced the first Board of Directors for GE HealthCare, the planned independent company that will be created following its spin-off from GE. The company also announced that it is targeting a spin-off date in the first week of January 2023, subject to final approval from the GE Board of Directors and other customary conditions.

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable October 25, 2022, to shareholders of record at the close of business on September 27, 2022. The ex-dividend date is September 26, 2022.

The European Commission’s LIFE climate action program has awarded GE Renewable Energy’s Grid Solutions business (NYSE-GE) €3 million to fund the realization of a full SF₆-free 245 kilovolts (kV) g³ gas-insulated substation (GIS) for onshore and offshore applications.

GE Renewable Energy’s Grid Solutions business (NYSEGE) today announced it will unveil new technologies at CIGRE Session 2022. Among these are the world’s first SF6-free g3 circuit-breaker for 420 kV gas-insulated substations (GIS). These technologies demonstrate the value of combining advanced hardware with digital technologies to address customers’ needs and adapt to a more digitalized, decentralized, and decarbonized energy landscape, while bringing reliable electricity online all around the world.

GE (NYSEGE) today announced the brand names of the future companies it will create through its planned separation into three industry-leading, global, investment-grade public companies focused on the growth sectors of healthcare, energy, and aviation.

GE (NYSEGE) announced today that H. Lawrence Culp, Jr. has been named Chief Executive Officer of GE Aviation, effective immediately, in addition to his current role as Chairman and CEO of GE. John Slattery, current President and CEO of GE Aviation, has been named Executive Vice President and Chief Commercial Officer of the business.

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable July 25, 2022 to shareholders of record at the close of business on June 28, 2022. The ex-dividend date is June 27, 2022.

In a historical milestone for the power industry, GE Renewable Energy’s Grid Solutions (NYSE-GE) unveiled the world’s first 420 kV, 63 kA g³ gas-insulated substation (GIS) circuit-breaker prototype. The g³ circuit-breaker was presented to a group of leading transmission utilities from across Europe, at a recent virtual roundtable event. The performance achieved by the prototype means that the industry will soon have a viable SF6-free alternative for high voltage products. GE’s 420 kV fully g3 gas-insulated substation (GIS), which includes the g3 circuit-breaker, is expected to be commercially available in 2023.

A specially formed consortium between GE Renewable Energy’s Grid Solutions and New York-based BOND Civil & Utility Construction today announced it has been awarded an EPC (Engineering, Procurement & Construction) contract from Empire Offshore Wind, a joint venture between Equinor and bp, to supply a state-of-the-art digital onshore substation for Empire Wind 1, one of New York’s first offshore wind farm projects. New York is on a path to achieve its mandated goal of a zero-emission electricity sector by 2040, including 70 percent renewable energy generation by 2030, and to reach economy wide carbon neutrality.

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable April 25, 2022 to shareholders of record at the close of business on March 8, 2022. The ex-dividend date is March 7, 2022.

GE (NYSEGE) and EDF announced today that they have signed an exclusive agreement for EDF to acquire part of GE Steam Power’s nuclear power activities. The proposed transaction would bring together GE’s nuclear steam turbine technology and services expertise with EDF strengthening its commitment to the nuclear power sector, creating an industry-leading global steam turbine equipment and services provider within EDF Group. Today, GE Steam Power’s nuclear steam turbines are installed in half of the world's nuclear power plants, including in all of EDF’s nuclear plants in France.

Today GE (NYSEGE) announced the appointment of Scott Reese as Chief Executive Officer of GE Digital effective February 22, 2022. Reese succeeds Patrick Byrne who will continue at GE as Chief Executive Officer for the onshore wind business at GE Renewable Energy.

GE (NYSEGE) today announced that it has completed its previously announced acquisition of BK Medical, a leader in advanced surgical visualization, from Altaris Capital Partners, LLC. The companies entered into a definitive agreement for GE to purchase BK Medical for a cash purchase price of $1.45 billion on September 22, 2021.

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable January 25, 2022 to shareholders of record at the close of business on December 21, 2021. The ex-dividend date is December 20, 2021.

GE (NYSEGE) today announced the pricing for its previously announced offers to purchase for cash, for its own account (including as successor of General Electric Capital Corporation and General Electric Capital Services, Inc.) and on behalf of GE Capital International Funding Company Unlimited Company (formerly GE Capital International Funding Company), GE Capital European Funding Unlimited Company (formerly GE Capital European Funding), GE Capital UK Funding Unlimited Company (formerly GE Capital UK Funding), GE Capital Funding, LLC, and Security Capital Group Incorporated (for its own account and as successor of SUSA Partnership, L.P.) (collectively, the “Subsidiary Issuers”), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated November 10, 2021 (as amended hereby, and as it may be further amended or supplemented from time to time, the “Offer to Purchase”):

GE (NYSEGE) announces for its own account (including as successor of General Electric Capital Corporation and General Electric Capital Services Inc. and on behalf of GE Capital International Funding Company Unlimited Company (formerly GE Capital International Funding Company), GE Capital European Funding Unlimited Company (formerly GE Capital European Funding), GE Capital UK Funding Unlimited Company (formerly GE Capital UK Funding), GE Capital Funding, LLC, and Security Capital Group Incorporated (for its own account and as successor of SUSA Partnership, L.P.) (collectively, the “Subsidiary Issuers”) an offer to purchase for cash:

GE (NYSEGE) today announced its plan to form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy, by:

GE (NYSEGE) announced today the completion of the combination of its GE Capital Aviation Services business (“GECAS”) with AerCap Holdings N.V. (“AerCap”).

GE (NYSE-GE) announced today it has been awarded a total of US $3.7 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) for two related projects to help accelerate the decarbonization of the U.S. electrical grid.

GE (NYSEGE) today announced that it received notice of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,000,000 shares of GE common stock, which represents approximately 0.09% of the shares outstanding, at a price of $99.00 per share in cash. TRC Capital’s offer price is 4.62% less than the $103.80 closing price per share of GE’s common stock on September 24, 2021, the last trading day before the mini-tender offer commenced.

GE (NYSEGE) has entered into an agreement to acquire BK Medical, a leader in advanced surgical visualization, from Altaris Capital Partners for a cash purchase price of $1.45 billion.

The Board of Directors of GE (NYSEGE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. The dividend is payable October 25, 2021 to shareholders of record at the close of business on September 27, 2021. The ex-dividend date is September 24, 2021.

GE has initiated testing on its second XA100 adaptive cycle engine as part of the U.S. Air Force’s Adaptive Engine Transition Program (AETP). Testing began on August 26, 2021, at GE’s Evendale, Ohio, altitude test facility. This is GE’s final planned prototype engine as part of AETP.

The Board of Directors of GE (NYSEGE) today declared a $0.01 per share dividend on the outstanding common stock of the Company. The dividend is payable July 26, 2021 to shareholders of record at the close of business on June 28, 2021. The ex-dividend date is June 25, 2021.

GE (NYSEGE) today announced the pricing for its previously announced offers to purchase for cash:

GE (NYSEGE) today announced the results as of the Early Participation Date for its previously announced offers to purchase for cash:

GE (NYSEGE) announces its offers to purchase for cash:

GE Renewable Energy’s Grid Solutions business (NYSEGE) and Hitachi ABB Power Grids Ltd. announced today a non-exclusive, cross-licensing agreement related to the use of an alternative gas to sulfur hexafluoride (SF6) used in high voltage equipment. This fluoronitrile-based gas mixture has a significantly reduced impact on the environment compared to SF6.