GE 2014 Annual Report Download - page 7

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HA-TURBINE TEAM
The HA-Turbine team has produced the world’s
largest and most effi cient H-Class turbine.
Back row (left to right): Jim Sutton, John Lammas and Brenda
Reynolds. Middle row (left to right): Jim Suciu, Scott Strazik and Jatila
Ranasinghe. In front (left to right): Monte Atwell and Vic Abate.
and uncertainty. And, we generate incremen-
tal earnings through our shared capabilities,
harnessing the value of collaboration.
Building Valuable Businesses
GE leads in power, healthcare, aviation, water,
transportation, and oil & gas—the infrastruc-
ture markets that move, power, cure and build
the world. We compete in infrastructure
markets because they are big, growing and
essential for global economic progress.
We estimate that more than $70 trillion will
be invested in infrastructure by 2030.
Leadership in infrastructure requires breadth
and depth. This is how we win.
We innovate at scale. In 2014, we launched
two products that will generate $100 billion
of revenue over their lives. The CFM LEAPTM jet
engine will power the next generation of
narrow-body aircraft and is 15% more
fuel-effi cient than the engine it replaces. Since
launch, we have captured 79% market share,
and LEAP is the fastest-growing engine in our
history. Similarly, the H turbine is a technologi-
cal marvel—the largest, most fuel-effi cient gas
turbine in the world—and will save our cus-
tomers $8 billion per year on fuel. It is on pace
to be one of our most successful gas turbine
launches in history.
We deliver customer outcomes. GE is the
only company positioned to deliver locomotives
that meet new EPA standards in 2015. This
machine is a modern miracle. The Tier 4 loco-
motive’s emissions are 76% lower in nitrogen
oxide with 85% fewer particulates than our
engines from 10 years ago. We invested ahead
of demand, fi nishing our product to be ready for
2015 deliveries. As a result, GE was ready and
our competition was not, allowing us to capture
the majority of the market, shipping more than
2,000 locomotives over the next two years.
We solve global problems. GE is the largest
industrial multinational, with about $80 billion
of revenue outside the U.S. This allows us to
execute projects that others can’t. In Ghana,
GE will bring 1,500 MW of electricity to a
BLADE TIPS
MOVE AT
1,200
MPH
LETTER TO SHAREOWNERS
GE 2014 ANNUAL REPORT 5