General Electric Company offers infrastructure and financial services worldwide.
General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston. As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing, venture capital and finance and lighting.
In 2018, GE ranked among the Fortune 500 as the 18th-largest firm in the U.S. by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th-most profitable company but has since 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.
The parent company of General Electric will be splitting into three different units with the current business being transformed into a unit focused on aviation.
GE is expanding its wind power production into Quebec as part of its North American growth, and it is poised to do big things there too.
Though Boeing is showing signs of getting back on its feet, there are still a few more things to improve to guarantee a potential recovery run.