The GE Brief: October 31, 2022
Reporting GE’s third-quarter results, Larry Culp, GE chairman and CEO and GE Aerospace CEO, said, “Our team is delivering, with strong Aerospace performance in the third quarter, fueled by the improving commercial backdrop and our progress managing operations and the supply chain environment. We are building broad-based momentum with solid revenue and free cash flow results, as well as services growth in all businesses.” Read about GE’s third-quarter results?here.
The push to convert to renewable sources of energy is forcing companies to embrace new technology and manage their assets in a more precise fashion. That’s where software comes in, helping them use data to ease the transition to cleaner energy.?Read more?about how GE Digital software is being deployed by power companies, oil and gas producers, and chemical firms — and don’t miss the video below.
?For more on how GE Digital software is accelerating the energy transition and sustainability for customers in other industries, see our stories on?grid management,?aviation, and?manufacturing.
In GE’s quarterly earnings call, Chairman and CEO Culp said that lean management is one of the “key enablers” of the company’s momentum. Lean is more and more a part of the fabric at all GE businesses, and a recent kaizen at a Grid Solutions facility in Florida provided another demonstration of how the business philosophy can increase productivity and enhance safety. Read about it?here.
Every second, data from power facilities around the world streams into GE, where Asset Performance Management software monitors the health of turbines, solar installations, and even nuclear plants, targeting potential problems before they occur. See how it works.
?—?Quote of the Day?—
“It’s clear our businesses are creating a smarter and more efficient future of flight, driving decarbonization through the energy transition, and enabling precision health. We’re set to unleash their full potential.”
—?Larry Culp,?chairman and CEO of GE, CEO of GE Aerospace