A US-based publicly traded multinational conglomerate company active in the fields of power, renewable energy, aviation and healthcare.
A US-based publicly traded multinational conglomerate company active in the fields of power, renewable energy, aviation and healthcare. The company’s aviation division provides jet engines, components and integrated systems for military aircraft.
Services to the Israeli military
General Electric provides engines that are used in Israel’s air and naval military forces, including T700-GE-701C engines in the UH-60 Black Hawk and the Boeing AH-64 Apache helicopters, F110-GE-129 engines for F-16 and F-15 fighter jets, the CH-53D/E engine in the CH-53 Heavy Lift helicopter, and T-700-GE-401C engines for the SH-60F Sea-Hawk helicopter. Additionally, a GE LM2500 gas turbine is used in Israel’s naval missile ship, Sa’ar 5.
The UH-60 Black Hawk, powered by General Electric engines, was used in dozens of sorties in the 2014 Israeli attacks on Gaza.
The AH-64 Apache helicopters took an active part in the Israeli military assaults on Gaza in 2008-2009 and in 2012. Apache helicopters were also used in attacks carried out on Beirut, Southern Lebanon, and the Rashidia Palestinian refugee camp in Lebanon, and during Israel’s 2006 aerial bombardment of Lebanon.
F-16 jets were used during Israel’s military assaults on Gaza in 2008-9 and 2014, including in the targeting civilians and civilian infrastructures and in attacks on homes and refugee camps. F-16 jets were also repeatedly used in 2018 to conduct airstrikes in Gaza, resulting in civilian deaths.
Sa’ar 5 missile ships were used by the Israeli Navy during the 2006 war on Lebanon and the 2008-9 assault on Gaza and are used to enforce the illegal naval siege of Gaza.
Additionally, the company supplies Israel directly with various equipment and services through the U.S. Department of Defense’s Foreign Military Sales program. It has provided Israel with gas turbines, jet engines, support services, aircraft propellers and components, a range of other engines, and other military accessories, and technical services to the engines in use by the Israeli military.
In July 2021, the U.S. State Department approved Foreign Military Sale to the Government of Israel of CH-53K Heavy Lift Helicopters with Support and related equipment, which includes up to 60 of the company T408-GE-400 Engines for the Israeli Air Force. In 2016, the company provided SH-60F Sea Hawk Helicopters equipment through the U.S. Foreign Military Sale.
The director of the company’s operations in Israel, Yom-Tov Samia, is a Major General in the reserves in the Israeli military, leading the activities of the energy sector, sales and maintenance of the power plants as well as the ancillary services that the company provides in Israel.
Wind farms in the Occupied Syrian Golan
The company provides wind turbines and maintenance services to two large wind energy projects in the occupied Syrian Golan, “Emek Habacha” and “Ruach Beresheet”, the largest renewable energy projects in Israel.
Ruach Beresheet Wind Farm
Ruach Beresheet (Wind of Genesis) wind farm is the largest renewable energy project in Israel. The project is built by Enlight Renewable Energy in an investment of NIS 1.25 billion and is located in Mount Peres (Tel el Farass) area in the occupied Syrian Golan. The project is established in partnership with the settlements of Yonatan, Alonei HaBashan, Ramat Magshimim, Mevo Hama, Natur, Kanaf, Avnei Eitan and Ma’ale Gamla.
The project consists of 39 wind turbines made by General Electric company, which is also responsible for the production, supply, transportation, hoisting, and running of the turbines at the project site. According to an agreement from 2021, General Electric is to provide operation and maintenance services for the turbines for 20 years. As of June 2021, 20 turbine bases have been built.
The project includes the construction and expansion of 35 km of roads and a high-voltage line that will include optical fibers that will be spread across the Golan and will enable high-speed Internet for the settlements in the area.
About 35% of the workers in the project are residents of the settlements. The project is expected to generate profit for local service providers in the areas of fuel services, food, hospitality, security and more.
The farm is expected to produce an annual electricity supply equivalent to the consumption of 60,000 Israeli households.
Emek Habacha Wind Farm
Emek Habacha wind farm is located in the occupied Syrian Golan. The project was developed by Enlight Renewable Energy in collaboration with 6 settlements in the Syrian Golan: Kidmat Zvi, Elrom, Alonei HaBashan, Odem, Neve Ativ and Ortal, and NIS 700 million was invested in its construction.
The project was inaugurated in March 2022 and consists of 34 wind turbines made by General Electric. The company employs electrical engineers and field Technicians on the wind farm which provide maintenance services, management and training of subcontractors, purchase orders and work with suppliers, equipment ordering and inventory management.
The company is publicly traded on the New York Stock Exchange under the ticker symbol: GE; and listed on the London Stock Exchange, Euronext Paris, the SIX Swiss Exchange and the Frankfurt Stock Exchange.
Major shareholders include: T. Rowe Price Associates, Inc. (Investment Management) (10.28%), The Vanguard Group, Inc. (7.27%), Capital Research & Management Co. (Global Investors) (7.01%), Fidelity Management & Research Co. LLC (4.24%), BlackRock Fund Advisors (4%), SSgA Funds Management, Inc. (3.88%), Geode Capital Management LLC (1.62%), Hotchkis & Wiley Capital Management LLC (1.24%), Eagle Capital Management LLC (1.21%), Viking Global Investors LP (1.16%).
Chairman of the Board & CEO: H. Lawrence Culp, Jr.
The company has 132 fully-owned subsidiaries worldwide.
Israeli subsidiary: General Electric Energy Israel Ltd.(100%)
General Electric International Inc. (100%) is the company representative in Israel.
Enlight Renewable Energy, Microsoft, MRC Group, Bharat Heavy Electricals Limited (BHEL), Alliance Airline, Elekta, Ivenergy, Israel Electric Corporation (IEC), Lockheed Martin Global, Inc.
All the information contained in this page is valid until Mon 11/07/2022
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