General Electric Co. (NYSE: GE) Wins $16 Billion in Equipment and Service Deals

General Electric Co. (NYSE: GE) earned more than $16.1 billion in equipment and service deals during the first three days of the Farnborough Air Show as industry demand rebounds.

Out of the $16 billion total, $3 billion came via an order from Emirates from an order for Boeing’s 777-ERs, which make use of the GE90 engines. Emirates also placed a $4.8 billion order for Engine Alliance’s GP7200 to power the 32 A380s the carrier ordered last month. Engine Alliance is co- owned by GE and United Technologies Corp.’s Pratt & Whitney. General Electric Co. (NYSE: GE)’s plane-leasing unit and Hazy’s Air Lease Corp also ordered more than 200 narrow-body aircraft this week.

“The level of activity at the show demonstrates that the aviation industry is beginning to emerge from the economic downturn,” GE Aviation Chief Executive Officer David Joyce said.

General Electric Co. (NYSE: GE) initially predicted that it would secure $13 billion in new orders, however, the conglomerate quickly beat its estimate. The $16 billion total includes partners Safran SA, which makes CFM International engines with General Electric Co. (NYSE: GE), and the Engine Alliance.

GE’s orders, which peaked in 2007, have been stoked by record backlogs of engines for narrow-body planes such as Boeing Co.’s 737 and Airbus SAS’s A320.

General Electric Company (GE) is a diversified technology, media and financial services company. The Company’s products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The Company serves customers in more than 100 countries. The Company operates through five segments: Energy Infrastructure, Technology Infrastructure, NBC Universal (NBCU), Capital Finance and Consumer & Industrial. In March 2009, Teleflex Incorporated completed the sale of its 51% share of Airfoil Technologies International – Singapore Pte. Ltd., to GE. In September 2009, the Company sold its 81% interest in Homeland Protection business to Safran SA. In September 2009, the Company acquired ScanWind. In September 2009, Moog Inc. completed the acquisition of the Company’s GE Aviation Systems’ flight control actuation business. In November 2009, GE Aviation acquired Naverus, Inc.

Shares of General Electric Co. (NYSE: GE) traded up 2.29% hitting $15.18 during mid-day trading on Thursday.