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At a Glance


Talented co-workers

Name recognition: GE Energy looks great on a resume


Long hours

Massive bureaucracy slows everything down

The Bottom Line

GE Energy employees work very hard and tend to learn a lot while they’re at the company, and if they leave, the GE name helps them find their next job.

About General Electric Company

From turbines and oilfield equipment, to aircraft engines and power plants, General Electric is plugged in to industrial equipment businesses that shape the modern world. The company produces aircraft engines, locomotives and other transportation equipment, generators and turbines, lighting, and oil and gas exploration and production equipment. GE also has a healthcare products business, which it plans to separate into a standalone company, and a financial services division, the size of which it is reducing (especially its energy and industrial finance business). More than 40% of GE's sales comes from its US operations.


Aviation is General Electric's largest segment, accounting for almost 35% of its total revenue. Through that division, GE develops military and commercial aircraft, aircraft engines, and associated mechanical and electrical aircraft components. Aviation also provides maintenance, repair, and overhaul services.

Healthcare (about 20% of revenue) products include technology and services for medical imaging, diagnosis and patient monitoring, drug discovery, and biopharmaceutical manufacturing. GE is selling Healthcare's BioPharma segment to Danaher for $21.4 billion; the company is also separating the remaining Healthcare division into a standalone business.

The Power segment (approximately 20% of total revenue) generates energy for industrial, governmental, and other clients via oil, gas, coal, diesel, nuclear, and water technology. The business also offers power system maintenance and upgrade services and power grid products. GE is reorganizing Power into two segments: Power and Gas Power. Power includes the company's steam power and power conversion operations and its nuclear joint ventures with Hitachi and Toshiba. Gas Power comprises gas life cycle activities and power services.

Revenue from the company's Renewable Energy segment accounts for more than 15% of the total revenue. Renewable Energy constructs and services onshore and offshore wind turbines and blades and hydropower technology. GE is reorganizing Renewable Energy to incorporate its grid solutions, solar, and storage assets (which are currently housed under Power).

Capital (accounts for almost 10%) offers financial products and services to clients in markets associated with GE's industrial sectors. GE Capital Aviation Services (GECAS) provides aircraft, components, and materials in addition to financing options including operating leases, sale-leasebacks, secured debt financing, asset trading and servicing, and airframe parts management. GE is narrowing Capital's focus by reducing the segment's energy and industrial financing activities.

Geographic Reach

Based in Boston, Massachusetts, General Electric serves customers in over 170 countries. Manufacturing and service operations are carried out at about 95 manufacturing plants located in 30 states in the US and Puerto Rico and at 190 manufacturing plants located in roughly 35 other countries. Its vast operations are located in Africa, the Americas, Asia, Australia, Europe, and the Middle East.

Sales and Marketing

General Electric's customers include industrial, aviation, transportation, mining, and energy companies; hospitals, medical and research facilities, and pharmaceutical and biotechnology companies; and governments.

Financial Performance

Except in fiscal 2016 when the company revenue peaked at $103 billion, revenue growth for the last five years saw a declining trend. Net income for the same period showed a series of losses.

GE's revenue decreased by 2% to $95.2 billion in 2019 primarily driven by decreased Corporate revenues of $1.0 billion, largely attributable to the sale of its Current business in November 2018 and decreased GE Capital revenues of $0.8 billion. The overall foreign currency impact on consolidated revenues was a decrease of $1.4 billion. Industrial segment organic revenues increased $4.6 billion (5.5%) driven by its Aviation, Renewable Energy and Healthcare segments, partially offset by the Power segment.

The company's net loss decreased by 78% in 2019 compared to the previous year. Gains from continuing operations and modest gain from noncontrolling interests helped mitigate losses from previous year.

GE ended 2019 with cash of $37.1 billion, up 4% from the prior year. Operations provided $8.8 billion, and investments added $8.9 billion (principally because of sale of discontinued operation). Financing activities used $16.1 billion, mainly for repayments and other reductions.


General Electric is making sweeping changes to its business intended to correct years of cash burn – a trend top brass doesn't expect to reverse soon. The company is divesting its interest in less promising segments while streamlining other divisions.

The primary strategic investment objectives are balancing investment risk and return and monitoring the plan's liquidity position in order to meet the near-term benefit payment and other cash needs. Target allocation percentages are established at an asset class level by plan fiduciaries. Target allocation ranges are guidelines, not limitations, and occasionally plan fiduciaries will approve allocations above or below a target range.

The company continues to invest in new product development, such as its HA-Turbines, including upgrades, as these are critical to its customers and the long-term strategy of the business.

General Electric continue to invest in exploring new ways of further improving the efficiency and flexibility of its hydropower technology with digital solutions and in generating wind turbine product improvements, including larger rotors, taller towers and higher nameplate ratings that continue to drive down the cost of wind energy. As industry models continue to evolve, its digital strategy and investments in technical innovation will position the company to add value for customers looking for clean, renewable energy.

Mergers and Acquisitions

In 2019, GE spun off and merged its Transportation segment with US rail equipment producer Wabtec in exchange for $2.9 billion in cash and a 24.3% stake in the company. The division supplies locomotives, mining equipment, marine diesel and stationary power diesel engines for land and offshore drilling. It also provides maintenance, repair, and upgrade services and efficiency software.

Company Background

General Electric was established in 1892 through the merger o Thomson-Houston and Edison General Electric. Charles Coffin was GE's first president, and Thomas Edison, who left the company in 1894, was one of the directors.


General Electric Company

5 Necco St
Boston, MA 02210-1403
Phone: 1 (617) 443-3000

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: GE
Stock Exchange: , NYSE
SVP and CTO: Victor Abate
Chairman and CEO: John L. Flannery
CFO: Jamie S. Miller
Employees (This Location): 550
Employees (All Locations): 205,000

Major Office Locations

Boston, MA

Other Locations

Anchorage, AK
Kenai, AK
Prudhoe Bay, AK
Auburn, AL
Huntsville, AL
Madison, AL
Montgomery, AL
Theodore, AL
Caddo Gap, AR
Fort Smith, AR
Hot Springs Village, AR
Jonesboro, AR
Little Rock, AR
Russellville, AR
Searcy, AR
Van Buren, AR
Apache Junction, AZ
Chandler, AZ
Phoenix, AZ
Scottsdale, AZ
Sierra Vista, AZ
Tempe, AZ
Tucson, AZ
Anaheim, CA
Bakersfield, CA
Barstow, CA
Benicia, CA
Beverly Hills, CA
Boulevard, CA
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Castro Valley, CA
Chino, CA
Commerce, CA
Compton, CA
Concord, CA
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Edwards Afb, CA
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Fresno, CA
Glendale, CA
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Granada Hills, CA
Hayward, CA
Healdsburg, CA
Huntington Beach, CA
Irvine, CA
Laguna Niguel, CA
La Habra, CA
Los Altos, CA
Los Angeles, CA
Martinez, CA
Mira Loma, CA
Mission Viejo, CA
Murrieta, CA
Newport Beach, CA
Ontario, CA
Pasadena, CA
Rancho Cordova, CA
Rialto, CA
Romoland, CA
San Diego, CA
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San Ramon, CA
Santa Rosa, CA
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Shafter, CA
Stanford, CA
Sunol, CA
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Victorville, CA
Walnut, CA
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Yorba Linda, CA
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Denver, CO
Evans, CO
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Fort Collins, CO
Golden, CO
Grand Junction, CO
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Greenwood Village, CO
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Nucla, CO
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Wray, CO
Bridgeport, CT
Brookfield, CT
Cheshire, CT
Danbury, CT
Fairfield, CT
Hartford, CT
Norwalk, CT
Plainville, CT
Redding, CT
South Windsor, CT
Stamford, CT
Wilton, CT
Windsor, CT
Washington, DC
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Arkansas City, KS
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Russell, KS
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Erlanger, KY
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Hopkinsville, KY
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Westwego, LA
Atlanta, MA
Beverly, MA
Billerica, MA
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Hadley, MA
Harwich, MA
Lynn, MA
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Springfield, MA
Walpole, MA
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Ada, MI
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Gaylord, MI
Grand Rapids, MI
Haslett, MI
Iron Mountain, MI
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Prudenville, MI
Saranac, MI
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Sylvan Lake, MI
Wayne, MI
Westland, MI
Anoka, MN
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Chaska, MN
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Minneapolis, MN
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Willmar, MN
Branson, MO
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Fenton, MO
Kansas City, MO
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Slater, MO
Springfield, MO
Warrensburg, MO
Wentzville, MO
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Columbia, MS
Diberville, MS
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Jackson, MS
Laurel, MS
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Pascagoula, MS
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Billings, MT
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Cary, NC
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Purcell, OK
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Yukon, OK
Hillsboro, OR
Portland, OR
Salem, OR
Allentown, PA
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Bradfordwoods, PA
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Grove City, PA
Hanover Township, PA
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Philadelphia, PA
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Warren, RI
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Simpsonville, SC
Rapid City, SD
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Selmer, TN
Abilene, TX
Addison, TX
Alice, TX
Andrews, TX
Aurora, TX
Austin, TX
Beaumont, TX
Bedford, TX
Blue Mound, TX
Borger, TX
Bridgeport, TX
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Bryan, TX
Burleson, TX
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Clute, TX
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Corpus Christi, TX
Dallas, TX
Deer Park, TX
Del Rio, TX
Denton, TX
Denver City, TX
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El Paso, TX
Fairfield, TX
Fort Worth, TX
Galveston, TX
Giddings, TX
Grand Prairie, TX
Hempstead, TX
Houston, TX
Humble, TX
Irving, TX
Kilgore, TX
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Levelland, TX
Lewisville, TX
Liberty, TX
Lubbock, TX
Lufkin, TX
Marshall, TX
Mcallen, TX
Midland, TX
Missouri City, TX
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New Braunfels, TX
New Caney, TX
Odessa, TX
Pasadena, TX
Pearland, TX
Pharr, TX
Richwood, TX
Roanoke, TX
Rockwall, TX
San Antonio, TX
Stafford, TX
Sugar Land, TX
The Woodlands, TX
Tomball, TX
Tyler, TX
Victoria, TX
Weimar, TX
Montezuma Creek, UT
North Salt Lake, UT
Salt Lake City, UT
South Salt Lake, UT
Vernal, UT
Blacksburg, VA
Charlottesville, VA
Chesapeake, VA
Colonial Heights, VA
Glen Allen, VA
King George, VA
Midlothian, VA
Norfolk, VA
North Chesterfield, VA
Richlands, VA
Salem, VA
Sterling, VA
Virginia Beach, VA
Winchester, VA
Woodbridge, VA
Rutland, VT
South Burlington, VT
Auburn, WA
Bridgeport, WA
Colville, WA
Gig Harbor, WA
Issaquah, WA
Kent, WA
Lynnwood, WA
Monroe, WA
Redmond, WA
Spanaway, WA
Tukwila, WA
Vancouver, WA
Chippewa Falls, WI
Glendale, WI
Hudson, WI
Milwaukee, WI
Waukesha, WI
Bridgeport, WV
Buckhannon, WV
Charleston, WV
Clarksburg, WV
Elkview, WV
Fairmont, WV
Casper, WY
Cody, WY
Evanston, WY
Evansville, WY
Gillette, WY
Rock Springs, WY
Worland, WY
Lima, Peru
Santiago, Chile
Beijing, China
Shanghai, China
Belgaum, India
Bengaluru, India
Chennai, India
Gurgaon, India
Kochi, India
Mumbai, India
Nadiad, India
New Delhi, India
Bari, Italy
Firenze, Italy
Fisciano, Italy
Fiumicino, Italy
Milano, Italy
Rivalta Di Torino, Italy
Troia, Italy
Vizzola Ticino, Italy
Bunkyo-Ku, Japan
Fukuoka, Japan
Hiroshima, Japan
Kariwa-Gun, Japan
Kitakyushu, Japan
Minato-Ku, Japan
Nagasaki, Japan
Nagoya, Japan
Osaka, Japan
Saitama, Japan
Sapporo, Japan
Sendai, Japan
Suita, Japan
Yokkaichi, Japan
Barueri, Brazil
Campinas, Brazil
Catu, Brazil
Hortolandia, Brazil
Itajai, Brazil
Macae, Brazil
Manaus, Brazil
Mossoro, Brazil
Niteroi, Brazil
Nossa Senhora De Lourdes, Brazil
Rio De Janeiro, Brazil
Santos, Brazil
Sao Sebastiao Do Passe, Brazil
Vila Velha, Brazil
Vitoria, Brazil
Beloeil, Canada
Bonnyville, Canada
Bowmanville, Canada
Bromont, Canada
Brooks, Canada
Brossard, Canada
Burlington, Canada
Burnaby, Canada
Calgary, Canada
Campbell River, Canada
Caplan, Canada
Carleton, Canada
Clairmont, Canada
Coquitlam, Canada
Courtright, Canada
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Delta, Canada
Drayton Valley, Canada
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Edmonton, Canada
Edson, Canada
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Etobicoke, Canada
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Gloucester, Canada
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Bruguieres, France
Caen, France
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Dijon, France
Ennery, France
Entzheim, France
Eybens, France
Fos Sur Mer, France
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Fruges, France
Gauchy, France
Gennevilliers, France
Grenoble, France
Guipavas, France
Harly, France
Labege, France
La Chapelle Sur Erdre, France
La Courneuve, France
La Penne Sur Huveaune, France
Le Creusot, France
Le Havre, France
Le Luc, France
Lempdes Sur Allagnon, France
Libercourt, France
Limonest, France
Massy, France
Merignac, France
Montpellier, France
Morvillars, France
Nantes, France
Paris, France
Puteaux, France
Sainghin En Melantois, France
Saint Cyr Au Mont D'Or, France
Saint Laurent De Mure, France
Saint Memmie, France
Serres Castet, France
Strasbourg, France
Torigny-Les-Villes, France
Toulouse, France
Tours, France
Tremblay En France, France
Tresses, France
Vandoeuvre Les Nancy, France
Velaine En Haye, France
Velizy Villacoublay, France
Vemars, France
Villebon Sur Yvette, France
Villeneuve Loubet, France
Villeurbanne, France
Vitrolles, France
Ciudad De Mexico, Mexico
Bulandet, Norway
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Lindesnes, Norway
Oslo, Norway
Rong, Norway
Sandvika, Norway
Stavanger, Norway
Trondheim, Norway
Warszawa, Poland
Kazan, Russia
Moscow, Russia
Shatura, Russia
Danderyd, Sweden
Norrköping, Sweden
Taipei City, Taiwan
Hidd, Bahrain
Ans, Belgium
Brussel, Belgium
Bruxelles, Belgium
Santa Cruz, Bolivia
Brøndby, Denmark
Quito, Ecuador
Basildon, England
Cambridge, England
Welwyn Garden City, England
Helsinki, Finland
Essen, Germany
Frankfurt Am Main, Germany
Garching B. München, Germany
Ratingen, Germany
Le Port, Réunion
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Tunis, Tunisia
Bogota, Colombia
Porto, Portugal
Aberdeen, Scotland
Muang, Thailand
Ciudad De Buenos Aires, Argentina
Causeway Bay, Hong Kong
Singapore, Singapore
Baie Mahault, Guadeloupe
Fort De France, Martinique
Taguig, Philippines
Seongnam, South Korea
Seoul, South Korea
Baden, Switzerland
Lignerolle, Switzerland
Zürich, Switzerland
Zurich, Switzerland
Cayenne, French Guiana
Hoevelaken, The Netherlands
Santo Domingo, Dominican Republic