The LEAP engine, which took its maiden flight last fall, has 3D printed parts and components made from next-generation materials called ceramic composites.
GE’s industrial shift also brings benefits like the GE Store. “It means that every business in GE can share and access the same technology, markets, structure and intellect,” Immelt writes. “The value of the GE Store is captured by faster growth and higher margins; it makes the totality of GE more competitive than the parts.”
The GE Store allows the company to take FAA-certified alternators from its jet engines and use them to build better oil pumps. It can also use medical imaging technology to inspect subsea pipelines. “No other company has the ability to transfer intellect and technology as GE can through the Store,” Immelt writes.
A group of analysts who recently visited GE’s research headquarters in Schenectady, N.Y., seem to get the point…
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