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GENERAL ELECTRIC COMPANY (GE)
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General Electric wins $643 million U.S. defense contract: Pentagon

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11/10/2017 | 12:46am CEST
Logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia

WASHINGTON (Reuters) - General Electric Co has been awarded a $643 million contract to provide F110-GE-129 aircraft engines and related equipment and services to Qatar, Saudi Arabia and Bahrain, the Pentagon said on Thursday.

Work will be performed in Cincinnati, Ohio, with an expected completion date of Nov. 8, 2024, it said in a statement.

(Reporting by Eric Walsh; Editing by Eric Beech)

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Financials ($)
Sales 2018 123 B
EBIT 2018 13 490 M
Net income 2018 7 530 M
Debt 2018 55 317 M
Yield 2018 3,94%
P/E ratio 2018 42,96
P/E ratio 2019 13,73
EV / Sales 2018 1,31x
EV / Sales 2019 1,29x
Capitalization 106 B
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Mean consensus HOLD
Number of Analysts 17
Average target price 16,8 $
Spread / Average Target 38%
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Managers
NameTitle
John L. Flannery Chairman & Chief Executive Officer
Daniel C. Janki Treasurer & Senior VP-Global Operations
Jamie S. Miller Chief Financial Officer
Jim Fowler Chief Information Officer
Victor Abate Chief Technology Officer & Senior Vice President
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