GENERAL ELECTRIC COMPANY

(GE)
  Report
Real-time Estimate Cboe BZX  -  12:33 2022-07-05 pm EDT
61.21 USD   -3.67%
12:32pAir France-KLM to Buy 200 Engines From CFM International
DJ
06/30GENERAL ELECTRIC : GE Announces the Completion of Azito Phase IV Power Plant, Generating Approximately 8% of Ivory Coast Current Installed…
PU
06/30GENERAL ELECTRIC : GE Announces the Completion of the Open Cycle of the Azito Phase IV Power Plant, Generating Approximately 8% of Ivory…
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cutting Carbon: GE Engineers Explain How The Aviation Industry Can Help Decarbonize the World

06/22/2022 | 06:55pm EDT

Countries and companies have been looking for ways to cut carbon, and the aviation industry, which contributes about 2% of global carbon emissions, is no different. In 2021, the Air Transport Action Group, whose members include GE Aviation, declared the aviation industry's commitment to a goal of net-zero carbon emissions by 2050.

As one of world's largest makers of aircraft engines, GE Aviation has been working on advanced technologies and materials that can help cut fuel consumption and even enable hybrid electric design. GE is also making sure its engines can fly on sustainable aviation fuel, and the company is developing software that can help airlines fly smarter and manage their carbon emissions.

Many of these topics came up for discussion during the new season of GE Gas Power's popular "Cutting Carbon" podcast. The host, Jeffrey Goldmeer, interviewed Arjan Hegeman, GE Aviation's general manger for advanced technologies. Over two episodes, the engineers discussed projects like CFM International's Revolutionary Innovation for Sustainable Engines (RISE) Program to demonstrate advanced technologies for the next generation of engines, with the goal of using 20% less fuel and produce 20% fewer CO2 emissions than the most efficient jet engines built today. (CFM is a 50-50 joint company between GE and Safran Aircraft Engines.) They also talked about hybrid electric propulsion and hydrogen-powered flight.

"GE Aviation has a robust pipeline of breakthrough technologies to help achieve our ambitious decarbonization goals for aircraft engines," Hegeman said. You can listen to the podcast here.

Top image: The open rotor engine design is part of CFM International's Revolutionary Innovation for Sustainable Engines (RISE) Program to demonstrate advanced technologies for the next generation of engines,

Disclaimer

GE - General Electric Company published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2022 22:54:01 UTC.


© Publicnow 2022
All news about GENERAL ELECTRIC COMPANY
12:32pAir France-KLM to Buy 200 Engines From CFM International
DJ
06/30GENERAL ELECTRIC : GE Announces the Completion of Azito Phase IV Power Plant, Generating A..
PU
06/30GENERAL ELECTRIC : GE Announces the Completion of the Open Cycle of the Azito Phase IV Pow..
PU
06/30GE Announces the Successful Completion of the Open Cycle of the Azito Phase IV Power Pl..
AQ
06/29A YEAR OF SUSTAINABILITY STORIES : Precision Health
PU
06/29CATCHING MORE WIND : GE's 3D-Printed Concrete Wind Turbine Towers Could Lead To More Effic..
PU
06/29Wells Fargo Adjusts General Electric's Price Target to $74 from $84, Keeps Equalweight ..
MT
06/29Thinking about buying stock in Autohome, Bed Bath & Beyond, Kezar Life Sciences, Genera..
PR
06/29A YEAR OF SUSTAINABILITY STORIES : How GE Is Helping Decarbonize Flight
PU
06/29NORTH AMERICAN MORNING BRIEFING : Futures Waver -2-
DJ
More news
Analyst Recommendations on GENERAL ELECTRIC COMPANY
More recommendations
Financials (USD)
Sales 2022 75 970 M - -
Net income 2022 2 184 M - -
Net Debt 2022 15 295 M - -
P/E ratio 2022 33,2x
Yield 2022 0,59%
Capitalization 69 936 M 69 936 M -
EV / Sales 2022 1,12x
EV / Sales 2023 0,99x
Nbr of Employees 168 000
Free-Float 74,2%
Chart GENERAL ELECTRIC COMPANY
Duration : Period :
General Electric Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GENERAL ELECTRIC COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 63,54 $
Average target price 100,39 $
Spread / Average Target 58,0%
EPS Revisions
Managers and Directors
H. Lawrence Culp Chairman & Chief Executive Officer
Carolina Dybeck-Happe Chief Financial Officer & Senior Vice President
Victor Abate Chief Technology Officer & Senior Vice President
Nancy Anderson Chief Information Officer & Vice President
Francisco D'Souza Independent Director
Sector and Competitors
1st jan.Capi. (M$)
GENERAL ELECTRIC COMPANY-32.74%69 936
BERKSHIRE HATHAWAY INC.-7.72%612 010
HONEYWELL INTERNATIONAL INC.-16.02%119 203
SIEMENS AG-36.26%80 797
3M COMPANY-27.66%73 118
ILLINOIS TOOL WORKS INC.-25.90%56 960