Tag Archives: General Electric

George Oliver Appointed to Raytheon Board; William Swanson Comments

George Oliver, CEO of Tyco International since 2012, has joined Raytheon‘s (NYSE: RTN) board of directors, effective immediately. He joined Tyco in 2006 and has served as president of different divisions including safety products, electrical and metal products and fire protection, Raytheon said Thursday. William Swanson, chairman and CEO of Raytheon, …

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GE Closes $4.3B Buy of Avio Aviation Business; David Joyce Comments

General Electric (NYSE: GE) has completed its $4.3 billion acquisition of the aviation business from Italy-based aerospace technology maker Avio S.p.A. GE has integrated the business into its GE Aviation Subsidiary and the business now operates under the name Avio Aero, GE said Aug. 1. David Joyce, president and CEO …

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GE Replaces C-5 Galaxy Engines Under $7.4B Air Force Contract

General Electric (NYSE: GE) is providing new engines for C-5 planes under the U.S. Air Force’s $7.4 billion program that aims to upgrade the aircraft’s capabilities, DoD Buzz reported Thursday. Kris Osborn writes the Air Force has moved to replace some of the A, B and C models of the C-5 …

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GE Buying UK Private Equity Firm’s Aviation Segment for $4.3B; David Joyce Comments

General Electric (NYSE: GE) has agreed to acquire the aviation business of Avio S.p.A., an Italy-based maker of aviation propulsion components and systems for civil and military aircraft, for $4.3 billion. Bloomberg reports GE is making the acquisition in an attempt to gain more control over its supply chain as …

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GE Aviation Wins $350M Contract to Improve Jet Engine Technology

GE Aviation (NYSE:GE) has won a $349, 747, 900 task order for the Adaptive Engine Technology Development Program. Under the contract, GE is tasked with improving jet propulsion engine technologies for combat aircraft. Work for the indefinite delivery/indefinite quantity contract will be performed in Cincinnati, Ohio and is expected to be …

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BAE, GE Vet Robert Murphy Named New Cobham CEO

Cobham has appointed BAE Systems Inc. executive Robert Murphy CEO, effective June 25, the company announced Monday. The 25-year aerospace and defense industry veteran will succeed Andy Stevens, who retired in November 2011 due to a recurring back injury. Stevens will assist the board until further notice and assist Murphy …

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GE Wins $78M DLA Imaging System Contract

General Electric Co. (NYSE: GE) has won a $78 million Defense Logistics Agency contract to provide digital picture archiving and communication systems, the Defense Department announced Tuesday. The Fairfield, Conn.-based company will also provide system parts, accessories, upgrades, and maintenance and training support. The U.S. Army, Navy, Air Force, Marine …

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GE Wins $242M Army Engine Overhaul Contract

General Electric‘s (NYSE: GE) engine services company won a $242, 386, 898 U.S. Army contract to overhaul aircraft engines, the Defense Department announced Tuesday. GE will recapitalize T700 and T701D turbine engines under the firm-fixed-price contract. GE will perform work in Winfield, Kan. and the Pentagon expects GE to complete …

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Harris Taps GE Computers to Fulfill Subcontract to Lockheed on Army Rocket System

Harris Corp. (NYSE: HRS) has placed single board computer orders with General Electric to help satisfy the requirements of a subcontract with Lockheed Martin (NYSE: LMT). Lockheed subcontracted Harris to design and build electronics for the U.S. Army’s MLRS M-270 HIMARS platform. GE will provide Harris with PPC7EP single board computers for the multiple …

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GE Responds to JSF Engine ‘Stop Work’ Order; Reaffirms Commitment to Project

General Electric released a statement in response to the “Stop Work” order issued by the Department of Defense for the firm’s F136 engine for the Joint Strike Fighter. The GE/Rolls-Royce Fighter Engine Team will be made to cease work on the project once the current funding runs out at the …

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