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- General electric (General Electric Company, also GE) is a multinational conglomerate, meaning that it is a group of different international businesses. It was founded on April 15, 1892 with the merger of two companies, Thomas-Houston Company and Edison General Electric Company, the latter being the business of Thomas Alva Edison, the man famous for inventing the light bulb.
As of 2018, GE operates in various fields, with products and services ranging from Aircraft engines, power generation, oil and gas production equipment to medical imaging and financial services. These products and services are offered by its different segments which include Power, Renewable Energy, Oil & Gas, Aviation, Healthcare, Transportation, Energy Connections & Lighting, and Capital.
One famous customer of GE is the company Boeing, for which commercial aircraft engines like the GE90 for the Boeing 777 family are produced. Other big customer names include General Motors, Harley Davidson Inc., Lockheed Martin Corp., Walmart Inc. and Tesla Inc. Since WWI and developing the first turbosupercharger for U.S. military aircraft, the U.S. Department of Defense remains a big partner for General Electric.
It is worth noting that one of the planes in the 9/11 attacks on the World Trade Centres was powered by GE engines and the towers were insured by General Electric’s subsidiary GE Capital.
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