With 10,000 sensors spread throughout its manufacturing facility, GE Energy Storage can track virtually every aspect of production using a high-speed, internal Ethernet network. It’s all part of GE’s plan to invest $1.5 billion company wide to maximize efficiency and manufacturing performance by connecting proprietary software to the larger internet. Recently, MIT’s Technology Review took a closer look.
GE Transportation, Locorail and Yakutia Railways in Russia announced today that they have signed a Memorandum of Understanding (MOU) to explore the possibility of forming a strategic relationship to modernize diesel electric locomotives. The MOU creates a framework by which Yakutia Railways, under GE license, will modernize diesel electric locomotives at Yakutia Railways facility in Aldan, Russia utilizing GE FDL engine kits manufactured at GE Transportation facilities in Erie and Grove City, PA. USA. Under the agreement's framework, GE Transportation will supply a minimum of 20 FDL engine kits per year over five years.
GE Transportation will work with Locorail and Yakutia Railways to provide expert service training to maintain and overhaul the modernized FDL engines. GE Transportation will provide support to address specific improvements that include tooling and equipment at the Yakutia Railways facility in order to provide maximum availability of GE modernized diesel-electric locomotives in the Locorail and Yakutia Railway fleet.
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GE Transportation Reports Continued Strong Quarterly Earnings, Record-Level Total Year 2012 Revenues and Segment Profits Exceeding $1Billion
GE Transportation reported segment profits for fourth quarter 2012 of $252 million, up from $226 million in fourth quarter 2011. Full year 2012 profits were $1.0 billion, up from $757 million in 2011.
Fourth quarter revenues were $1.4 billion, which declined 7% year-over-year. Revenues for the full year 2012 were $5.6 billion, up 15% over 2011.
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