GE Aerospace Stock Price, News & Analysis

The Board of Directors of GE has declared a $0.01 per share dividend on its outstanding common stock, payable on April 26, 2021. Shareholders on record as of March 8, 2021 will receive this dividend, with an ex-dividend date set for March 5, 2021. This decision underscores GE's commitment to returning value to its shareholders while continuing to operate as a leader in building a world that works efficiently and reliably.

GE Digital and Teradata have launched a new software solution, Flight Data Link, designed to integrate aviation-specific data with Teradata Vantage, a cloud analytics platform. This solution aims to help airlines accelerate their digital transformation by reducing operational costs and enhancing insights from customer, maintenance, and supply chain data. By merging flight data from GE's Event Measurement System with Vantage, airlines can perform complex analyses across multiple flights, ultimately driving efficiency and improving predictive maintenance capabilities.

GE Healthcare has been awarded the 2020 Global Company of the Year by Frost & Sullivan for its innovative AI-based command centers that enhance hospital efficiency. The solution integrates data from existing hospital systems to improve resource optimization. Command centers can yield a return on investment in 18 to 24 months and increase bed capacity by 15 to 30 beds without physical expansion. Currently, over 210 hospitals across 6 countries utilize GE’s command center software, which leverages advanced technologies such as predictive analytics and machine learning.

GE Digital has been recognized as a leader in Asset Performance Management (APM) across key industries including Oil & Gas, Utilities, Mining, and Manufacturing by IDC's MarketScape 2020-2021. This acknowledgment is attributed to GE Digital's robust APM solutions, which utilize advanced analytics and Digital Twin technology to optimize asset performance. The report highlights the company's user interface, customer-centric approach, and the modularity of its solutions as significant strengths, ensuring effective scaling for various industrial applications.

General Electric (NYSE: GE) announced the results of its Offers to purchase cash for U.S. Dollar, Euro, and GBP Notes. The Offers, which expired on December 17, 2020, included Pool 1 and Pool 2 Notes, with a total consideration nearing $2.17 billion. All validly tendered Pool 1 Notes will be purchased, whereas only Pool 2 Notes with Acceptance Priority Levels 1 to 4 will be accepted due to a cap on total consideration. Holders of accepted Notes will receive payment on December 22, 2020. The Offer was facilitated by several financial institutions and has specific conditions for participation.

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.