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GE Aerospace (NYSE: GE) drives innovation in aerospace propulsion through advanced jet engine technology and comprehensive lifecycle services. This news hub provides investors and industry professionals with essential updates on operational milestones, financial performance, and strategic developments shaping the future of flight.
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Discover updates on GE Aerospace's industry-leading CFM International joint venture, additive manufacturing advancements, and digital simulation capabilities that enhance engine efficiency. Track developments in military propulsion systems and commercial aviation solutions powering global fleets.
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GE Healthcare has partnered with Oregon Health & Science University (OHSU) to implement a multi-year Virtual ICU (VICU) initiative across eight hospital sites. This collaboration aims to address the critical shortage of healthcare specialists highlighted during the COVID-19 pandemic. The Mural Virtual Care Solution will enhance local patient care, optimizing ICU capacity and reducing unnecessary transfers. The platform integrates real-time data across systems, aiding in compliance and improving patient outcomes. Mural is available in several countries, designed to increase efficiency and support healthcare teams.
GE Healthcare (NYSE: GE) has partnered with St. Luke’s University Health Network in Pennsylvania to pilot the U.S.'s first rapid diagnostic breast cancer center model, the One-Stop Clinic. This model enhances clinical outcomes by streamlining the diagnosis and treatment planning process, reducing wait times significantly from an average of 26 days to potentially 36 hours. The project is backed by Premier Applied Sciences, aiming to share insights with other health systems. The clinic began piloting operations this year, seeking to improve the patient experience while mitigating COVID-19 exposure risks.
The Board of Directors of GE declared a $0.01 per share dividend on its common stock. This dividend is payable on January 25, 2021 to shareholders of record by the close of business on December 21, 2020. The ex-dividend date is set for December 18, 2020. This decision reflects GE's ongoing commitment to returning value to its shareholders amid its focus on operational efficiency and reliability as it continues to evolve in the industrial sector.
GE (NYSE:GE) announced cash offers to purchase all U.S. Dollar, Euro, and GBP denominated notes originally issued by affiliated companies. The total purchase price for Pool 2 Notes is limited to $1.4 billion, contingent on conditions being met. The offers commence on December 11, 2020, and expire on December 17, 2020. Holders can withdraw tendered notes before the withdrawal deadline. Successful tenders will lead to immediate cash payments based on predefined total considerations for each note series. All accepted notes will be retired and canceled.
GE Healthcare has introduced innovative AI solutions to address the dual challenge of providing high-quality healthcare while managing increased workflow pressures due to COVID-19. The company is expanding its Edison intelligence portfolio and launching advanced imaging technologies to enhance patient outcomes. Major launches include photon-counting CT technology, TrueFidelity imaging, and the AIR Recon DL technology, which promises significant exam time reductions. These developments signal GE’s commitment to precision health and support healthcare providers amidst the pandemic's ongoing challenges.
GE Healthcare has launched a groundbreaking AI algorithm designed for assessing Endotracheal Tube (ETT) placements in critically ill COVID-19 patients. This innovation, part of the Critical Care Suite 2.0, addresses the alarming statistic that up to 25% of patients intubated outside the operating room have misplaced tubes. The AI provides quick, accurate measurements directly from mobile x-ray devices, potentially preventing severe complications. The suite enhances workflow efficiency and is co-developed with UC San Francisco, leveraging GE's Edison platform for rapid deployment.
GE Healthcare has acquired Prismatic Sensors AB, a Swedish company specializing in photon counting detectors, reinforcing its commitment to advancing photon counting CT technology. This acquisition aims to enhance clinical applications in oncology, cardiology, and neurology, potentially setting a new standard of care. Prismatic’s innovative Deep Silicon detectors promise improved tissue characterization, spatial resolution, and reduced radiation doses. The acquisition is expected to close by January 2021, with GE Healthcare poised to leverage its nearly 50 years of experience in CT technology for future advancements.
GE (NYSE: GE) released its 2020 Global Innovation Barometer, revealing insights from over 3,400 business executives across 22 countries, focusing on the impact of COVID-19 on innovation. The report highlights a growing tendency towards protectionism among business leaders, yet a strong appetite for cross-border collaboration remains. The healthcare sector emerged as a key innovator during the pandemic, leading all industries in innovation progress. Meanwhile, the U.S. continues to be seen as the world’s innovation champion, with rising optimism among its business executives post-pandemic.
Albany International Airport has partnered with GE to launch a digitally-focused airport aimed at enhancing safety in air travel post-pandemic. The Airport will be the first to adopt GE Aviation's Wellness Trace App, which tracks COVID-19 cleaning protocols. A three-month trial will begin, utilizing QR codes to provide real-time cleaning status for airport areas and objects. GE plans to introduce further digital technologies, including AI and predictive analytics, to advance airport safety and operations, positioning Albany Airport as a model for future airport designs.