FULL DESCRIPTION
General Electric Company (GE), incorporated on April 15, 1892, is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. The Company operates its segments through its eight businesses, -based on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances and Lighting, and GE Capital. The Company operates in approximately 175 countries.
Power & Water
The Company’s Power & Water segment’s products and services, including design, installation, operation and maintenance services are sold into global markets. Its gas, steam and aeroderivative turbines, nuclear reactors, generators, combined cycle systems, controls and related services, including total asset optimization solutions, equipment upgrades and long-term maintenance service agreements are sold to power generation and other industrial customers. Its renewable energy solutions include wind turbines. Water treatment services and equipment include specialty chemical treatment programs, water purification equipment, mobile treatment systems and desalination processes.
Oil & Gas
The Company’s Oil & Gas segment supplies equipment for the global oil and gas industry, used in applications ranging from drilling and completion through production, liquefied natural gas (LNG) and pipeline compression, pipeline inspection, and including downstream processing in refineries and petrochemical plants. The business designs and manufactures surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, high pressure reactors, industrial power generation and a portfolio of auxiliary equipment.
Energy Management
The Company’s Energy Management segment is GE's electrification business. The Company designs technology solutions for the delivery, management, conversion and optimization of electrical power for customers across multiple energy-intensive industries. The segment also provides plant automation hardware, software and embedded computing systems, including controllers, embedded systems, advanced software, motion control, operator interfaces and industrial computers.
Aviation
The Company’s Aviation segment’s products and services are sold to airframe manufacturers, airlines and Government agencies. The segment’s products and services include jet engines, aerospace systems and equipment, replacement parts, and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications, and for executive and regional aircraft.
Healthcare
The Company’s Healthcare segment’s products include diagnostic imaging systems, such as magnetic resonance (MR), computed tomography (CT) and positron emission tomography (PET) scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. Healthcare-manufactured technologies include patient and resident monitoring, diagnostic cardiology, ultrasound, bone densitometry, anesthesiology and oxygen therapy, and neonatal and critical care devices. Related services include equipment monitoring and repair, information technologies and customer productivity services. Products also include diagnostic imaging agents used in medical scanning procedures, drug discovery, biopharmaceutical manufacturing and purification, and tools for protein and cellular analysis for pharmaceutical and academic research, including a pipeline of precision molecular diagnostics in development for neurology, cardiology and oncology applications. The segment’s products and services are sold to hospitals, medical facilities, pharmaceutical and biotechnology companies, and to the life science research market.
Transportation
The Company’s Transportation segment is a technology supplier to the railroad, mining, marine and drilling industries. It provides freight and passenger locomotives, diesel engines for rail, marine and stationary power applications, railway signaling and communications systems, underground mining equipment, motorized drive systems for mining trucks, information technology solutions, high-quality replacement parts and value added services.
Appliances & Lighting
The Company’s Appliances & Lighting segment’s products include major appliances and related services for products, such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. These products are distributed both to retail outlets and direct to consumers, mainly for the replacement market, and to building contra