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MarketScreener Homepage  >  Equities  >  Nyse  >  General Electric Company    GE

GENERAL ELECTRIC COMPANY

(GE)
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General Electric : GE Aviation receives Airbus Performance award; Sustained performance, continuous improvement and customer-oriented approach

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09/24/2020 | 12:40pm EDT

Evendale, OH - GE Aviation recently received the Airbus Best Performer award in Supply Chain & Quality Improvement. Toulouse-based Airbus recognized a 'sustained performance, strong continuous improvement and a customer-oriented approach' from the GE Aviation Avionics team for 2019 performance.

'We have a strong collaborative relationship with Airbus that demands high standards in shipping quality product on time and consistently,' said Alan Caslavka, president of Avionics for GE Aviation. 'This award recognizes the entire team for maintaining a customer-focused approach, while acting quickly to resolve any issues.'

The award relates to supplying Airbus with the datalink control and display unit (DCDU) which is fitted to the Airbus A320 and A330 aircraft. Produced in high volumes at GE Aviation's Cheltenham facility, the site has supplied Airbus with more than 12,000 DCDUs since 1996.

Embracing a transparent customer approach, a shared portal between Airbus and GE Aviation is a valuable collaboration tool that ensures both parties are always in the picture and simultaneously looking at the same data. Real-time data shared on the portal shows status for on-time delivery, shipments, quality, invoicing and returns, and the metrics shown in the portal are continually being expanded.

Caslavka continued, 'A further building block to an open relationship is a robust business improvement plan that is shared with Airbus who can see that we invest in their product line as well as in people and processes to continuously improve delivery and quality.'

A GE Lean Laboratory approach stripped both the product and process back to basics and took a fresh look at both, in pursuit of a better, more streamlined and lean approach. The risk section of the plan results in early identification of external factors such as Brexit, over which neither party has any control, but that could result in supply chain issues. This offers the chance to make collaborative plans to mitigate external factors before they become significant.

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet engines, avionics and integrated systems for commercial and military aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation.

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials (USD)
Sales 2020 79 090 M - -
Net income 2020 4 249 M - -
Net Debt 2020 19 481 M - -
P/E ratio 2020 18,1x
Yield 2020 0,52%
Capitalization 66 788 M 66 788 M -
EV / Sales 2020 1,09x
EV / Sales 2021 1,06x
Nbr of Employees 205 000
Free-Float 74,3%
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 8,97 $
Last Close Price 7,63 $
Spread / Highest target 70,4%
Spread / Average Target 17,5%
Spread / Lowest Target -34,5%
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H. Lawrence Culp Chairman & Chief Executive Officer
Carolina Dybeck-Happe Chief Financial Officer & Senior Vice President
Victor Abate Chief Technology Officer & Senior Vice President
James S. Tisch Independent Director
Francisco D'Souza Independent Director
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