Recent events
Recent events tied to this brand in public sources.
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2022
EDF agrees to acquire part of GE's nuclear power business
EDF said it signed an exclusive agreement to acquire part of GE Steam Power's nuclear power business. The transaction was expected to be completed in the first half of 2023; its financial details were not disclosed.
2021
GE Digital to acquire Opus One Solutions
General Electric announced that its GE Digital business would acquire energy-management software maker Opus One Solutions Energy Corporation; detailed transaction terms were not disclosed.
2021
AerCap completes acquisition of GECAS from GE
AerCap completed its acquisition of GE Capital Aviation Services (GECAS) from General Electric. GE received AerCap shares, cash and notes as consideration and owns approximately 46% of AerCap's outstanding shares.
2021
GE announces sale of GECAS to AerCap
General Electric announced a deal to sell its aircraft leasing business, GECAS, to AerCap for $30 billion. The transaction is subject to shareholder and regulatory approval and was expected to close in the fourth quarter of 2021.
2021
AerCap finalizes acquisition of GECAS
AerCap and General Electric finalized a transaction for AerCap to acquire GE's aircraft-leasing business, GECAS.
2021
Chinese businessman indicted over alleged theft of GE semiconductor trade secrets
US prosecutors indicted Chinese businessman Winsman Chi Lung Ng, alleging that he stole sensitive technology and trade secrets from General Electric and used them for a planned business. The article reports the allegation, not a finding of guilt.
2021
GE sues Siemens Energy over alleged trade-secret misuse
GE sued Siemens Energy in Virginia, alleging that it used GE trade-secret information to adjust its bid for a Dominion Energy gas-turbine contract. Siemens defended its conduct, saying it disclosed the compliance breach after an internal investigation.
2021
GE sues Siemens Energy over alleged trade-secret theft
General Electric filed a lawsuit against Siemens Energy, accusing it of stealing gas-turbine trade secrets. GE alleged the information was used to secure contracts; the allegations are not presented as a court determination.
2020
GE sues Siemens Gamesa in UK over alleged IP infringement
General Electric sued Siemens Gamesa Renewable Energy in the UK. GE claims SGRE infringes its intellectual property rights for a method of keeping wind turbines connected to the grid during a temporary grid-voltage drop-out; the allegations had not been determined in the supplied report.
2020
GE warns of further aviation layoffs
General Electric warned that its aviation division would make further layoffs, citing a slow recovery in the aviation industry affected by the COVID-19 pandemic.
2020
GE Aviation announces John Slattery as its next president and CEO
General Electric announced that John Slattery would take David Joyce's role as President and CEO of GE Aviation, effective July 13.
2020
GE announced sale of its lighting business to Savant
GE announced that it would sell its lighting business to smart-home company Savant. The report said the transaction was worth about $250 million, citing sources.
2020
GE and Savant included a long-term brand licensing agreement in the lighting-business deal
The reported sale of GE's lighting business to Savant included a long-term licensing agreement allowing Savant to use the GE brand.
2020
Aenergy files $550 million lawsuit against Angola and General Electric
Aenergy filed a lawsuit in the United States against Angola and General Electric. The article reports the lawsuit amid a dispute involving the Soyo power plant; it does not state the filing date.
2020
GE and Canon face employee data-breach class action
GE employee Joyce Mercadal filed a class action complaint against General Electric and Canon Business Process Services, alleging that they failed to adequately safeguard employee data stolen in a breach. The article reports the allegations; it does not establish a court determination.
2020
Danaher completes acquisition of GE Life Sciences’ biopharma business
Danaher announced that it had completed its acquisition of the biopharma business from General Electric Company’s Life Sciences division. The acquired business will operate as a standalone company within Danaher’s Life Sciences segment.
2020
Ford and GE partner to produce ventilators
Ford announced a partnership with General Electric to produce 50,000 ventilators within 100 days, with additional monthly production possible as needed. The article also says Ford would begin production at its Rawsonville Components Plant during the week of April 20.
2020
GE announces planned aviation workforce cuts
General Electric announced plans to cut 10% of its U.S. aviation workforce, affecting about 2,600 employees. It also said about half of the aviation unit's U.S. maintenance and repair staff would take 90 days of leave; the total number affected by that measure was not disclosed.
2020
GE reports 2019 earnings
General Electric reported fourth-quarter and full-year 2019 results. Full-year revenue was $95.215 billion, down 21.7% year over year, and industrial free cash flow was $2.322 billion, down 47%.
2019
Boeing suspends 737 MAX production
Boeing announced on December 16 that it would suspend production of 737 MAX aircraft, affecting suppliers including General Electric and putting pressure on GE's cash flow.