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General Electric company logo
Corporation
ELECTRONICS | Electronic Manufacturing Services
ge.com

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Investments

225

Portfolio Exits

130

Partners & Customers

10

Service Providers

1

About General Electric

General Electric (NYSE: GE) is an American multinational conglomerate corporation and digital industrial company. The company operates through the following segments: Power & Water, Oil and Gas, Renewable Energy, Aviation, Healthcare, Transportation, and Capital. It was founded in 1892 and is based in Boston, Massachusetts.

General Electric Headquarters Location

5 Necco Street

Boston, Massachusetts, 02210,

United States

877-394-9775

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Expert Collections containing General Electric

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find General Electric in 7 Expert Collections, including Robotics.

R

Robotics

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F

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S

Smart Cities

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Smart building tech covers energy management/HVAC tech, occupancy/security tech, connectivity/IoT tech, construction materials, robotics use in buildings, and the metaverse/virtual buildings.

T

The Edge Computing Landscape

113 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

D

Digital Health

13,114 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

M

Medical Devices

242 items

Medical Device New Products & Services Tech MM (August 2021)

Research containing General Electric

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned General Electric in 2 CB Insights research briefs, most recently on Apr 4, 2022.

Latest General Electric News

Pick Either General Electric Stock Or Its Sector Peer – Both Are Likely To Offer Similar Returns

Sep 22, 2022

Sep 22, 2022, Got it! AFP via Getty Images We believe that industrial companies General Electric stock (NYSE: GE) and Raytheon Technologies stock (NYSE: RTX) will likely offer similar returns over the next three years. Although GE is trading at a comparatively lower valuation of 1.0x, trailing revenues vs. 1.9x for RTX, this gap in the valuation is justified given Raytheon’s superior revenue growth and profitability, as discussed below. If we look at stock returns, Raytheon, with 1% returns this year, has fared much better than the -30% return for General Electric stock and -20% returns for the broader S&P 500 index. There is more to the comparison, and in the sections below, we discuss the possible stock returns for GE and RTX in the next three years. We compare a slew of factors such as historical revenue growth, returns, and valuation multiple in an interactive dashboard analysis of General Electric vs. Raytheon Technologies 1. Raytheon’s Revenue Growth Is Better Raytheon’s revenue growth of 4.8% over the last twelve months is better than a 1.1% fall in General Electric’s sales. Looking at a longer time frame, General Electric sales declined at an average rate of 8.4% to $74.2 billion in 2021, compared to $97.0 billion in 2018, while Raytheon saw its sales rise at an average growth rate of 23.1% to $64.4 billion in 2021, compared to $34.7 billion in 2018. The revenue decline for General Electric can primarily be attributed to the impact of the Covid-19 pandemic on the company’s businesses, especially Aviation, given that commercial airlines was one of the worst-hit sectors during the coronavirus crisis. For perspective, Aerospace segment sales plunged 33% to $22.0 billion in 2020, compared to $32.9 billion in 2019, before the pandemic. The segment revenues declined further to $21.3 billion in 2021. However, with a rise in travel demand and Boeing Looking forward, both General Electric and Raytheon Technologies are expected to grow at a similar pace over the next three years. The table below summarizes our revenue expectations for the two companies over the next three years and points to a CAGR of 1.6% for both of them, based on Trefis Machine Learning analysis. Note that we have different methodologies for companies that are negatively impacted by Covid and those that are not impacted or positively impacted by Covid while forecasting future revenues. For companies negatively affected by Covid, we consider the quarterly revenue recovery trajectory to forecast recovery to the pre-Covid revenue run rate. Beyond the recovery point, we apply the average annual growth observed three years before Covid to simulate a return to normal conditions. For companies registering positive revenue growth during Covid, we consider yearly average growth before Covid with a certain weight to growth during Covid and the last twelve months. Annual Growth Forecast - GE vs. RTX Trefis 2. Raytheon Is More Profitable General Electric’s operating margin of -6.0% over the last twelve months is far worse than 11.7% for Raytheon. This compares with -2.8% and 16.2% figures seen in 2019, before the pandemic, respectively. Raytheon’s free cash flow margin of 10.5% is also better than the 5.8% for General Electric. 3. The Net of It All We see that Raytheon has demonstrated better revenue growth, is more profitable, and has a better debt position. On the other hand, General Electric has more cash cushion and is available at a relatively lower valuation. Now, looking at prospects, using P/S as a base, due to high fluctuations in P/E and P/EBIT, we believe both General Electric and Raytheon Technologies are likely to offer similar returns over the next three years. The table below summarizes our revenue and return expectations for both companies over the next three years and points to an expected return of 19% for General Electric over this period and a 15% expected return for Raytheon Technologies, implying that investors can pick either of the two for similar returns, based on Trefis Machine Learning analysis – General Electric vs. Raytheon Technologies – which also provides more details on how we arrive at these numbers. Stock Return Forecast - GE vs. RTX Trefis While GE and RTX stocks are likely to offer similar returns, it is helpful to see how General Electric’s Peers fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons . Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you’ll be surprised at how counter-intuitive the stock valuation is for Novanta vs. Abbott . With higher inflation and the Fed raising interest rates, among other factors, GE has seen a fall of 30% this year. Can it drop further? See how low General Electric stock can go by comparing its decline in previous market crashes. Here is a performance summary of all stocks in previous market crashes. What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016. GE & RTX Return Compared With Trefis Multi-Strategy Portfolio Trefis

General Electric Investments

225 Investments

General Electric has made 225 investments. Their latest investment was in Hyliion as part of their Corporate Minority - P2P on August 8, 2022.

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General Electric Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/25/2022

Corporate Minority - P2P

Hyliion

Yes

2

5/14/2018

Corporate Minority

Avionica

Yes

1

12/20/2017

Series D

Carbon

$200M

Yes

6

7/27/2017

Incubator/Accelerator - IV

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10

7/27/2017

Incubator/Accelerator

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10

Date

8/25/2022

5/14/2018

12/20/2017

7/27/2017

7/27/2017

Round

Corporate Minority - P2P

Corporate Minority

Series D

Incubator/Accelerator - IV

Incubator/Accelerator

Company

Hyliion

Avionica

Carbon

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Amount

$200M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

6

10

10

General Electric Portfolio Exits

130 Portfolio Exits

General Electric has 130 portfolio exits. Their latest portfolio exit was General Electric - French Turbine Business on February 08, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/8/2022

Divestiture

General Electric - French Turbine Business

$99M

2

1/5/2022

Divestiture

General Electric - AmStar

$99M

2

10/4/2021

Acquired - II

$99M

4

4/1/2021

Acquired

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$99M

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10

3/11/2021

Merger

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$99M

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10

Date

2/8/2022

1/5/2022

10/4/2021

4/1/2021

3/11/2021

Exit

Divestiture

Divestiture

Acquired - II

Acquired

Merger

Companies

General Electric - French Turbine Business
General Electric - AmStar

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

2

4

10

10

General Electric Acquisitions

61 Acquisitions

General Electric acquired 61 companies. Their latest acquisition was Nexus Controls on July 07, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/7/2022

$99M

Acquired

2

9/23/2021

$99M

Acquired

1

5/6/2021

Series A

$99M

$4.84M

Acquired

3

1/12/2018

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$99M

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10

12/27/2017

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$99M

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10

Date

7/7/2022

9/23/2021

5/6/2021

1/12/2018

12/27/2017

Investment Stage

Series A

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$4.84M

Note

Acquired

Acquired

Acquired

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Sources

2

1

3

10

10

General Electric Partners & Customers

10 Partners and customers

General Electric has 10 strategic partners and customers. General Electric recently partnered with NASA on July 7, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

7/17/2022

Client

United States

NASA Touches Down At Farnborough: Agency To Spotlight Work In Sustainable Aviation And Partnership With GE.

GE , one of two companies NASA selected to support EPFD , will develop a hybrid electric propulsion system for flight testing with a modified Saab 340B test bed and GE 's CT7 turboprop engines .

1

7/14/2022

Client

South Korea

GE and KAPES Awarded Contract to Power South Korea’s Electric Grid Using Latest HVDC Technology.

Paris , FRANCE -- July 14 , 2022 -- GE business and KAPES , a KEPCO-GE joint venture , has been awarded a contract in excess of USD $ 100 million by Korea Electric Power Corporation 's to deliver a 500 MW Back-to-Back Voltage Sourced Converter High Voltage Direct Current link in Incheon , South Korea .

1

7/12/2022

Client

Denmark

GE’s g3 technology accelerates Denmark’s decarbonization efforts

GE Renewable Energy 's alternative to SF6 is g3 insulating and switching gas representing the culmination of a decade of research and development by its teams in France , Germany and Switzerland in collaboration with 3M Company .

1

6/27/2022

Partner

United States

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10

6/23/2022

Partner

United States

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10

Date

7/17/2022

7/14/2022

7/12/2022

6/27/2022

6/23/2022

Type

Client

Client

Client

Partner

Partner

Business Partner

Country

United States

South Korea

Denmark

United States

United States

News Snippet

NASA Touches Down At Farnborough: Agency To Spotlight Work In Sustainable Aviation And Partnership With GE.

GE , one of two companies NASA selected to support EPFD , will develop a hybrid electric propulsion system for flight testing with a modified Saab 340B test bed and GE 's CT7 turboprop engines .

GE and KAPES Awarded Contract to Power South Korea’s Electric Grid Using Latest HVDC Technology.

Paris , FRANCE -- July 14 , 2022 -- GE business and KAPES , a KEPCO-GE joint venture , has been awarded a contract in excess of USD $ 100 million by Korea Electric Power Corporation 's to deliver a 500 MW Back-to-Back Voltage Sourced Converter High Voltage Direct Current link in Incheon , South Korea .

GE’s g3 technology accelerates Denmark’s decarbonization efforts

GE Renewable Energy 's alternative to SF6 is g3 insulating and switching gas representing the culmination of a decade of research and development by its teams in France , Germany and Switzerland in collaboration with 3M Company .

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Sources

1

1

1

10

10

General Electric Service Providers

1 Service Provider

General Electric has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired Unit

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acquired Unit

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

General Electric Team

401 Team Members

General Electric has 401 team members, including current Chief Executive Officer, President, Heather Chalmers.

Name

Work History

Title

Status

Heather Chalmers

Chief Executive Officer, President

Current

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Name

Heather Chalmers

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Work History

Title

Chief Executive Officer, President

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Status

Current

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