GE 2006 Annual Report Download - page 110

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Our Businesses
A description of operating segments for General Electric
Company and consolidated affiliates as of December 31, 2006,
and the basis for presentation in this report, follows.
Infrastructure
Jet engines, replacement parts and repair and maintenance
services for all categories of commercial aircraft; for a wide
variety of military aircraft, including fighters, bombers, tankers
and helicopters; for marine applications; and for executive and
regional aircraft. Products and services are sold worldwide to
airframe manufacturers, airlines and government agencies.
Transportation products and maintenance services, including
diesel electric locomotives, transit propulsion equipment, motor-
ized wheels for off-highway vehicles, gearing technology for wind
turbines, drill motors, marine and stationary power generation,
and railway signaling and offi ce systems.
Financial products to airlines, aircraft operators, owners,
lenders and investors, including leases, aircraft purchasing and
trading, loans, engine/spare parts financing, pilot training, fl eet
planning and financial advisory services.
Power plant products and services, including design, installation,
operation and maintenance services are sold into global markets.
Gas, steam and aeroderivative turbines, generators, combined
cycle systems, controls and related services, including total asset
optimization solutions, equipment upgrades and long-term main-
tenance service agreements, are sold to power generation and
other industrial customers. Renewable energy solutions include
wind turbines and hydro turbines, solar and geothermal technology.
Advanced technology turbomachinery, principally compressors
and turbines, and associated services (including pipeline inspection
and integrity solutions) for applications across the oil and gas
industry from the wellhead through distribution by pipeline.
Water treatment services and equipment, including specialty
chemical treatment programs, water purifi cation equipment,
mobile treatment systems and desalination processes.
Financial products to the global energy and water industries,
including structured and common equity, debt, leasing, project
finance, broad-based commercial finance and investments in
operating leases.
Commercial Finance
Loans, leases and other financial services to customers, including
manufacturers, distributors and end-users for a variety of
equipment and major capital assets. These assets include industrial-
related facilities and equipment; commercial and residential real
estate; vehicles; corporate aircraft; and equipment used in many
industries, including the construction, manufacturing, telecom-
munications and healthcare industries.
GE Money
Private-label credit cards; personal loans; bank cards; auto loans
and leases; mortgages; corporate travel and purchasing cards;
debt consolidation; home equity loans; deposits and other savings
products, and credit insurance on a global basis.
Healthcare
Medical imaging systems such as magnetic resonance (MR) and
computed tomography (CT) scanners, X-ray, nuclear imaging and
ultrasound, as well as diagnostic cardiology and patient monitoring
devices; related services, including equipment monitoring and
repair, information technologies and customer productivity services.
Diagnostic imaging agents used in medical scanning procedures,
protein separations products including chromotography purifi ca-
tion systems used in the manufacture of biopharmaceuticals, and
high-throughput systems for applications in genomics, proteomics
and bioassays. Products and services are sold worldwide to
hospitals, medical facilities, pharmaceutical and biotechnology
companies and to the life science research market.
NBC Universal
Principal businesses are the furnishing of U.S. network television
services to 230 affiliated stations, production of television
programs, the production and distribution of motion pictures,
operation of 26 television broadcasting stations, operation of
cable/satellite networks around the world, operation of theme
parks, and investment and programming activities in multimedia
and the Internet.
Industrial
Major appliances and related services for products such as
refrigerators, freezers, electric and gas ranges, cooktops, dish-
washers, clothes washers and dryers, microwave ovens, room air
conditioners and residential water system products. These products
are distributed to both retail outlets and direct to consumers,
mainly for the replacement market, and to building contractors
and distributors for new installations. Lighting products include a
wide variety of lamps and lighting fi xtures. Electrical distribution
and control equipment includes power delivery and control
products such as transformers, meters and relays. Also included
GE Supply, a network of electrical supply houses, until its sale in
the third quarter of 2006. Products and services are sold in North
America and in global markets under various GE and private-
label brands.
High-performance engineered plastics and structured products
used in a variety of applications such as automotive parts,
computer enclosures, telecommunications equipment and con-
struction materials. Products also included silicones and high-
purity quartzware until this business was sold in December 2006.
Products and services are sold worldwide to a diverse customer
base consisting mainly of manufacturers.
Asset management services — rentals, leases, sales and remote
tracking and monitoring services for commercial and transporta-
tion equipment, including tractors, trailers, railroad rolling stock,
modular space units, land and marine shipping containers.
Measurement equipment (products and subsystems for sens-
ing temperature, flow rates, humidity, pressure and detection of
material defects). Security equipment and systems, including
card access systems, video and sensor monitoring equipment,
integrated facility monitoring systems and explosive detection
systems. A broad range of automation hardware and software.
Markets are extremely diverse. Products and services are sold to
commercial and industrial end-users, including utilities; original
equipment manufacturers; electrical distributors; retail outlets;
airports; railways; and transit authorities. Increasingly, products
and services are developed for and sold in global markets.
108 ge 2006 annual report