India has decided against considering fighter jets manufactured by The Boeing Company (BA) and Lockheed Martin Corporation (LMT) for a $11 billion order and is narrowing down its choice to two European-made planes- France’s Dassault Rafale and the Eurofighter Typhoon.
Boeing’s F/A-18 Super Hornet and Lockheed Martin’s F-16 Super Viper – both of which are powered by General Electric (GE) engines – lost out to two European airplanes that are still under consideration by the Indian military. GE Aviation was expecting to see a healthy order flow if either of the U.S. competitors was awarded the contract.
General Electric has one of the best infrastructure franchises worldwide with solid organic growth rates, exposure to favorable secular trends and a large installed base supporting a growing annuity-like service business.
Infrastructure businesses from GE are helping build the energy, health, transportation and technology infrastructure of the new century. These businesses provide the products and services that help developing regions participate in the global economy, while also helping developed regions upgrade with cleaner, more efficient and better technologies.
Financial business at GE offers an array of products and services aimed at enabling commercial businesses, consumers and markets worldwide to build a stronger and financially secure future.
GE has adopted strategic imperatives to strengthen its portfolio by building strong growth platforms and generating cash from low-return businesses. Its focus remains on accelerating organic growth and achieving technical and service excellence, while building enduring customer relationships around the world.
GE has products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products. Philips (PHG) andSiemens AG (SI) are major competitors.
BOEING CO (BA): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
KONINKLIJKE PHL (PHG): Free Stock Analysis Report
SIEMENS AG-ADR (SI): Free Stock Analysis Report
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