Today, industrials editor and analyst Brendan Byrnes discusses General Electric and its solid results from the Farnborough international airshow this past week. CFM International, the joint venture between GE Aviation and France's Snecma, racked up 922 airplane engine orders, worth a total of $12.6 billion. About $5 billion of the total was from a monster order from United Continental. That's good news for GE as it battles United Technologies subsidiary Pratt & Whitney, its main engine competitor. It's also good news long-term for GE shareholders, who prefer GE to focus on its core industrials business. GE has been doing a much better job of that lately and looks poised for solid top and bottom-line growth in the next few years. Check out the following video for more on GE's week and the future for GE investors.
For GE, the recent financial crisis struck a blow, but management took advantage of the market's dip to make strategic bets in energy. If you're a GE investor, you need to understand how these bets could drive this company to become the world's infrastructure leader. At the same time, you need to be aware of the threats to GE's portfolio. To help, we're offering comprehensive coverage for investors in a premium report on General Electric, in which one of our top analysts breaks down GE's multiple businesses. You'll find reasons to buy or sell GE, and you'll receive continuing updates as major events unfold during the year. To get started, click here now.
The article Good News for GE Investors This Week originally appeared on Fool.com.
Brendan Byrnes owns shares of United Technologies. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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