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GE-REUT.(A)
FAIRFIELD, Conn. (Reuters) - General Electric Co. on Tuesday confirmed a reportthat U.S. safety officials are probing several incidents of GE airline engine breakups.
Shares of GE, the world's biggest company in market capitalization, tumbled 4 3/16, or 9%, to 43 3/4.
A spokesman for GE Aircraft Engines confirmed a published report on the engine probe, but said the company was working hard to resolve any possible malfunctions of its bestselli
ng CF6 engine.
Analysts who follow the company said they believed GE would be able to correct the problems without doing much harm to sales or profits, but added that any negative news can hurt a company's share price in the current bearish environment.
Working With Federal Agencies
"The story addresses instances that happened weeks and, in some cases, several months ago, and since that time, we have been in lock step with the NTSB (National Transportation Safety Board) and FAA (Federal Aviation Administration) in developing programs that will ensure the safety of the fleet," said Rick Kennedy, spokesman for GE Aircraft Engines.
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...of the Customer Web Center (CWC) site for GE Aircraft Engines (GEAE). Enigma's advanced `sell-side...of its technical content to the Web. About GE Aircraft Engines GE Aircraft Engines is a world leader in the design, development...
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...EVENDALE, Ohio, Aug. 21 /PRNewswire/ -- GE Aircraft Engines has received two back-to-back orders...David A. Lane, 513-786-1851, both of GE Aircraft Engines/ CO: GE Aircraft Engines ST: Ohio IN: AIR SU: KK -- CL001...
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...LYNN, Mass., April 11 /PRNewswire/ -- GE Aircraft Engines' CT7-9B turboprop engine will power the...John Morris, 617-594-4809, both of GE Aircraft Engines/ CO: GE Aircraft Engines ST: Masachusetts IN: AIR SU: DD-KM...
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...Rick Kennedy, a spokesman for GE Aircraft Engines, said yesterday Calhoun will...assets will be absorbed by GE Aircraft Engines. He added the company anticipates...Aircraft Engines." In 1999, GE Aircraft Engines had $10.6 billion in revenues...
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- Press release article from: PR Newswire November 18, 1996 700+ words
...Department general manager at GE Aircraft Engines. "The engine was rigorously...development testing. SOURCE GE Aircraft Engines -0- 11/18/96 /CONTACT...513-243-4152, both of GE Aircraft Engines/ (GE) CO: GE Aircraft Engines...
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- Press release article from: PR Newswire May 15, 1990 700+ words
...CONTACT: Robert N. Salvucci, 617-594-4808, or John Morris, 617-594-4809, both of GE Aircraft Engines/ (GE) CO: GE Aircraft Engines ST: Massachusetts; Ohio IN: ARO AIR SU: KM-SH -- NE007 -- 05/15/90 13:00 EST
- David L. Calhoun Named President and CEO of GE Aircraft Engines.
- Press release article from: PR Newswire December 5, 2000 700+ words
...named President and CEO for GE Aircraft Engines, effective immediately. Mr...Chief Operating Officer of GE Aircraft Engines since June, replaces W. James...named Chairman and CEO of 3M. GE Aircraft Engines, based in Evendale, Ohio...
- GE Aircraft Engines. (General Electric Co. GE Aircraft Engines completes test...
- Newspaper article from: Defense Daily May 25, 1993 700+ words
GE Aircraft Engines, Evendale Ohio, last week completed the first full test of its F411 engine two weeks ahead of schedule, the company reported...