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Emerson announced an agreement to acquire Intelligent Platforms, a division of General Electric, adding programmable logic controller technologies. The announcement was made on November 13, 2018.
The US Navy awarded General Electric a $219.9 million contract modification for 48 F414-GE-400 engines and engine devices supporting F/A-18 Super Hornet production. Work will be performed in Lynn, Massachusetts, Hooksett, New Hampshire, Rutland, Vermont and Madisonville, Kentucky, through August 2023.
General Electric received a $707.27 million contract award exercising four options for F110-GE-129 engine production, covering FMS deals for Bulgaria, Qatar, Slovakia and Taiwan. Work will be performed in Cincinnati, Ohio, through 31 December 2026.
Arcline Investment Management signed a definitive agreement to acquire the Reciprocating Compression division of Baker Hughes, a GE company, which manufactures compression and engine systems in Houston, Texas and Salina, Kansas. The price was not disclosed.
A Toshiba consortium won an EPC contract including civil engineering for replacement of the Goi Thermal Power Station, a 2,340 MW LNG-fueled combined cycle plant ordered by Goi United Generation LLC, with operation expected from 2024 to 2025.
Baker Hughes, a GE company, and General Electric signed a series of long-term agreements covering collaboration on rotating equipment including gas turbines, BHGE access to GE Digital software, and commercial terms.
Turbine Technologies AAEM, a joint venture of Atomenergomash and GE, signed an agreement with Alstom Power Systems for main steam turbine equipment for each conventional island of the Akkuyu nuclear plant. Deliveries are scheduled annually from 2021 to 2024. Reported November 23, 2017.
General Electric agreed to sell its GE Industrial Solutions business to a European rival for $2.6 billion. The deal is expected to close in the first half of 2018.
General Electric inaugurated a plant in the municipality of Guadalupe, Nuevo León, Mexico, where it will manufacture wellheads and Christmas trees for the hydrocarbons industry for export to 22 countries. The plant cost 190 million pesos and will employ 150 technicians and specialists.
French utility Suez and Caisse de dépôt et placement du Québec entered a binding agreement to purchase GE Water & Process Technologies from General Electric for an enterprise value of €3.2 billion.
