GE Aerospace Stock Price, News & Analysis

Medtronic and GE Healthcare have announced a collaboration to enhance outpatient care at Ambulatory Surgery Centers (ASCs) and Office Based Labs (OBLs). This partnership aims to address the growing demand for outpatient procedures, fueled by the COVID-19 pandemic and rising disease rates. As CMS approved cardiovascular payments in 2020, the use of fixed c-arm imaging systems has surged in these settings. The collaboration will provide extensive product portfolios, financial solutions, and services to improve workflow and clinical outcomes in outpatient environments.

GE Healthcare and Medtronic have announced a collaboration aimed at enhancing care in Ambulatory Surgery Centers (ASCs) and Office Based Labs (OBLs). This partnership will provide customers with access to a broad range of products, financial solutions, and services. The COVID-19 pandemic has shifted many procedures to outpatient settings, and this trend is expected to grow. The collaboration seeks to address the high costs and complexities associated with expanding ASCs, offering consultative planning and advanced technologies. GE Healthcare's Edison-powered imaging solutions are highlighted as a key offering.

GE Digital has announced that Kalitta Air is the first airline to implement its Asset Transfer System (ATS) software, enhancing aircraft records and asset documentation management. This initiative aims to streamline the external maintenance work and support paperless records management, contributing to compliance requirements. Kalitta Air’s integration, completed in just eight weeks, facilitates e-signature support and tablet data entry, ultimately driving efficiency and aiming for a significant reduction in paperwork.

GE Digital has partnered with Connect Airlines to implement asset records management software aimed at enhancing maintenance operations. This software will facilitate a near paperless system by allowing digitization, indexing, and archiving of aircraft maintenance records. Notably, Connect Airlines will leverage QR code technology to integrate various IT platforms, improving operational efficiency. The initiative is part of Connect Airlines' strategy to operate smarter, meet regulatory compliance efficiently, and manage costs as it embarks on its first year of service with flights connecting Toronto, Philadelphia, and Chicago.

GE Digital has been recognized as a leader in the IDC MarketScape: Worldwide Distributed Energy Resource Management Systems (DERMS) 2022 Vendor Assessment. The report highlights GE Digital’s extensive capabilities in the utility market with over 80 live implementations of DERMS and an additional 30 customers acquired via the acquisition of Opus One Solutions. The company offers 12 interoperable modules, enabling utilities to operate without vendor lock-in, while the acquisition enhances GE Digital's market reach and innovation in distributed energy resource management.

GE Digital has partnered with Alliance Airlines to implement its Fuel Insight™ solution, aiming to enhance fuel efficiency and reduce costs and carbon emissions. This collaboration builds on their existing use of Safety Insight™ and enables Alliance Airlines to leverage data for actionable insights, leading to improved operational efficiency. The airline operates 58 aircraft and plans to add 17 more in 2022, focusing on charter and wet-lease services across Australia. This partnership signifies a strategic move to optimize resources and reduce the airline's CO₂ footprint.

GE Digital has launched its Effective Inertia Metering & Forecasting solution for the National Grid ESO, enhancing the management of grid stability amid increasing renewable energy sources. This technology enables real-time measurement of grid inertia, crucial for maintaining operational reliability when generators disconnect. The deployment leverages machine learning and analytics to inform operational decisions and long-term investments, ultimately supporting a greener energy network. The collaboration is part of a staged delivery approach, ensuring adaptive implementation and successful system integration.

GE Current, a Daintree company, has appointed Arctic Sales to represent its LED lighting and controls solutions for DOT and municipality applications in Alaska. Arctic Sales, with over 25 years of experience in lighting, will also manage Hubbell’s C&I Lighting business, following Current's acquisition in February. This partnership aims to provide seamless service in the growing lighting market, leveraging Arctic Sales' knowledge to adapt to evolving technologies. The collaboration seeks to enhance the roadway lighting sector in Alaska, benefiting both companies.