"Profits and sales declined from a year ago across GE's main operating units. Get breaking news and videos in the lead-up to Polling Day and live results when Singapore votes on July 10. June 30 (UPI) --General Electric was awarded $101.3 million to produce engines for F-15EX aircraft for the Air Force, the Pentagon announced Tuesday. On Wednesday, Boeing said it would cut further production of commercial jets. NIO (NIO), General Electric (GE), Bank of America (BAC) and Nikola (NKLA) saw the greatest growth. The company reported adjusted negative cash flow from industrial operations of $2.1 billion, compared with its projection of negative $3.5 billion to $4.5 billion in May. "Still, based on what we see today and the actions we've taken, sequential improvement in earnings and cash in the second half of the year is achievable.

Joyce will transition to non-executive chairman of GE Aviation through Dec. 31, 2020, and will continue as a strategic advisor into 2021, the company said.Stock Advisor launched in February of 2002. General Electric is planning to furlough half of its aviation unit's engine manufacturing staff as the coronavirus roils the industry, the company told CNBC. He said the company's manufacturing facilities and service groups have returned to "nearly full capacity" since early in the quarter. Revenue fell 44% at the aviation unit, 3% in renewable energy and 11% in its power segment, which makes turbines for power plants. Revenue fell 21% in its health-care unit, which makes hospital equipment and was the only industrial unit to generate an operating profit.GE reported it burned through less cash in the June quarter than it had previously warned. "Covid, in terms of the data, trends and how governments and the public will react as we get into the fall is the wild card for most every company out there," he said.On Wednesday, GE said it planned to sell its remaining stake in oil-and-gas company Baker Hughes over three years. … Joyce will transition to non-executive chairman of GE Aviation through Dec. 31, 2020, and will continue as a … All three posted operating losses. More Latest News How Covid-19 is changing what S'poreans shop for online From bubble tea to dumb-bells, consumers are now looking for things they may not have previously wanted. "GE also said it expects a return to positive cash flow in 2021. But with the MAX grounded and airlines canceling flights, GE said quarterly orders for new equipment fell 41% and for services fell 67% from a year ago.The conglomerate has been revamping itself under Mr. Culp with a focus on cutting debt and generating more cash but has been hit hard by the coronavirus crisis, leading it to pull its full-year financial outlook in April. The stock tumbled in 2017 and 2018 after GE disclosed deep problems in its power unit and capital arm that forced it to slash its dividend and sell off business. The charges were partly offset by investment gains on its Baker Hughes stake. The new GE Aviation CEO will assume the role on Sept. 1, 2020. But uncertainty about the broader economy and the pandemic remains.Overall, GE posted a net loss attributable to common shareholders of $2.18 billion, compared with a loss of $61 million a year ago. Follow the latest news on Singapore General Election at TODAYOnline. In an interview, Mr. Culp said there was improvement over the months of the quarter, citing an upturn in airplane departures and increased use of GE's health-care scanning equipment. July 28, 2020 LYNN, MA – GE Aviation’s T700 turboshaft engine has been chosen by the Kingdom of Morocco to power its new Defense fleet of Boeing AH-64E Apache attack helicopters. Returns as of 07/31/2020.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The unit produces engines for Boeing Co. and Airbus SE planes but has had to cut production and jobs as airlines delay orders. Read the latest Singapore news, courts and crime, social, politics, education, trending news and more. GE hired Mr. Culp as CEO in October 2018 and he had made progress in streamlining operations before the pandemic hit.American Airlines Group Inc. and Southwest Airlines Co. this month said they were tempering expectations for an air-travel recovery, as the pandemic surges in parts of the U.S."We're working through a still-difficult Covid-19 environment," said CEO Larry Culp, adding that he still expected a prolonged recovery for the commercial-aviation business. The new GE Aviation CEO will assume the role on Sept. 1, 2020. Check out all the latest updates on the General Election, Election campaigns and polling

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