General Electric, also referred to as GE, is a global company that conducts business in a number of industries, including aviation, power, renewable energy, healthcare, and finance. It comes as no surprise that the corporation employs a variety of revenue-generating methods given its diversified portfolio.
The aviation industry, which contributes more than 20% of GE’s overall sales, is one of the main sources of the company’s income. GE is a top producer of aircraft components and engines, offering them to international commercial and military customers. Additionally, the business offers maintenance, repair, and overhaul services, which bring in a sizable sum of money.
GE’s power division, which provides gas and steam turbines, generators, and other power equipment to power plants across the world, is another significant source of revenue for the company. The business’s division for renewable energy, which includes hydroelectric and wind power, also contributes to its earnings.
Another key source of revenue for GE is its healthcare division, which offers hospitals and healthcare organizations medical imaging equipment, healthcare IT systems, and other medical gadgets. GE Capital, the company’s financial division, offers commercial loan and leasing services to both people and corporations.
Despite having a broad range of products and holding industry-leading positions, GE has recently experienced considerable difficulties, including financial issues and leadership upheavals. The company has, though, made measures to recover, such as reorganizing and selling off some of its assets.
Regarding GE values, the organization is dedicated to honesty, inclusivity, and diversity as well as social and environmental responsibility. The motto of GE is “to build, power, move, and cure the world,” highlighting the company’s commitment to innovation and enhancing people’s lives through its goods and services. Finally, GE offers a strong workplace culture that promotes collaboration, creativity, and ongoing development. The business supports its employees’ risk-taking and entrepreneurial spirit while also giving them the tools and resources they need to thrive.
Finally, GE generates revenue through a variety of industry sectors, including aviation, electricity, renewable energy, healthcare, and finance. The business upholds its commitment to its core principles and mission statement while promoting a vibrant workplace environment that appreciates creativity and collaboration. Despite recent difficulties, GE is working to bounce back and carry on its tradition of achievement and innovation.
Yes, some of Boeing’s aircraft, including the 747, 787 Dreamliner, and 777X, use GE engines. One of the top producers of jet engines is GE Aviation, and numerous airlines and aircraft producers employ its engines internationally.