Ohio doesn’t get many sandstorms. But an hour east of Cincinnati, on an otherwise sunny day, a dust devil is brewing. Atop a towering scaffold, a row of hoses pumps out dense clouds of powder and grit. They are instantly sucked, like a horizontal tornado, into the spinning fan blades of a jet engine a few feet away.
The LEAP engine, the high-bypass turbofan produced by CFM International, the 50-50 joint company between GE Aerospace and Safran Aircraft Engines, has built a reputation as a leader in efficiency and asset utilization. In airline service, it is demonstrating better durability in neutral environments than the previous-generation CFM56 product line at the same point in that engine’s life.
For decades, the blazing plumes of oil-site gas flares have featured in fossil-fuel news reports and dystopias like Blade Runner — emblems of the massive economic waste and carbon emissions most assume are just costs of doing business.
GE announced second-quarter 2014 operating earnings of $3.9 billion, with operating earnings per share of $0.39, up 8% from the second quarter of 2013.
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GE announced first-quarter 2014 operating earnings of $3.3 billion, with operating earnings per share of $0.33, down 15% from the first quarter of 2013. Excluding the 2013 NBCUniversal impact and restructuring and other charges, operating EPS was up 9% from the year-ago period.
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GE announced fourth-quarter 2013 operating earnings of $5.4 billion, with earnings per share of $0.53, up 20% from the fourth quarter of 2012.
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GE announced third-quarter 2013 operating earnings of $3.7 billion, or $0.36 per share, down 3% and flat respectively from the third quarter of 2012.
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