Official Name: General Electric Company
Headquarters: Boston, MA, United States
Founded: April 15, 1892
CEO: Mr. H. Lawrence Culp Jr.
USD as of April 1, 2022
General Electric Company, more simply known as GE, is a multinational company primarily involved in engineering and machinery. Tracing its origins to 1889 with the foundation of the Edison Lamp Company by Thomas Edison, GE has grown and acquired engineering companies in a number of industries, including aviation, power generation, nuclear energy, renewable energy, and expanded into finance and asset management.
|Company||Market Cap (USD)|
|Schneider Electric SE||$94.34 B|
|3M Company||$88.77 B|
|Illinois Tool Works Inc.||$67.49 B|
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It operates through four segments: Power, Renewable Energy, Aviation, and Healthcare segments. The Power segment offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. The Renewables segment provides various solutions for its customers through combining onshore and offshore wind, blade manufacturing, grid solutions, hydro, storage, hybrid renewables, and digital services offerings. The Aviation segment designs and produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. The Healthcare segment provides healthcare technologies to developed and emerging markets in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery and performance improvement solutions that are the building blocks of precision health to hospitals and medical facilities. The company also engages in the provision of various financial solutions; and management of run-off insurance operations, which provides life and health insurance and reinsurance products, as well as grid management software. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.
General Electric Company (GE) is an American multinational conglomerate incorporated in New York State and headquartered in Boston. Until 2021, the company operated in sectors including aviation, power, renewable energy, digital industry, additive manufacturing, locomotives, and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize. On November 9, 2021, the company announced it would divide into three public companies. The new companies will be focused on aviation, healthcare, and energy (renewable energy, power and digital) respectively. The first spinoff of the healthcare division is planned for 2023 and to be followed by the spinoff of the energy division in 2024.
Source: Wikipedia, retrieved on March 31, 2022, 8:58 p.m.
Aircraft enginesElectrical distributionElectric motorsEnergyFinanceHealth careSoftwareWind turbines
Founder(s): Charles A. Coffin Thomas Edison J. P. Morgan
H. Lawrence Culp Jr. (Chairman & CEO)
Revenue: US$ 74.196 billion (2021)
Operating income: US$ 6.096 billion (2021)
Net income: US$ -3.325 billion (2021)
Total assets: US$ 198.874 billion (2021)
Total equity: US$ 40.310 billion (2021)