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Market: NYSE
Sector: Manufacturing
EPIC: GE
Latest Price: 19.18  (0.31% Ascending)
52-week High: 20.21
52-week Low: 14.69
Market Cap: 203,065.00M
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General Electric
www.ge.com

General Electric (GE) is a diversified technology, media and financial services company.

Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products

Full General Electric profile here
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GE Transportation To Supply Locomotives To Brazilian Railway Operator MRS Logistica

24th Sep 2010, 3:32 pm
GE Transportation To Supply Locomotives To Brazilian Railway Operator MRS Logistica

GE Transportation, a division of General Electric (NYSE:GE), and Brazilian rail operator MRS Logistica, said Friday that they have entered into a purchase agreement.

Under the agreement, GE transportation will provide MRS with 115 fuel efficient and low emissions AC44i locomotives, which generate up to 15% fewer greenhouse gas emissions.  MRS also has an option to purchase an additional 100 units.

The purchase order is part of MRS’s efforts to meet demand for locomotive transport in light of infrastructure developments in Brazil.

Ninety units are scheduled for delivery in 2011, including 30 units covered under a previous contract and 60 as part of the newly signed agreement. The remaining 55 locomotives will be delivered between 2012 and 2015.

The locomotives will be manufactured at GE Transportation's plant in Contagem, Brazil and its plant in Grove City, Pennsylvania, will supply the needed components.

As a unit of General Electric, Erie, Pennsylvania-based GE provides freight and passenger locomotives, railway signaling and communications systems, and other transportation-related technology solutions.  The company employs approximately 8,000 people worldwide.

Since the announcement, General Electric’s stock has increased by almost 2% to trade at $16.4 as of 9:47 am ET on the New York Stock Exchange.

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