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GE Transportation Rolls Along with 43% Revenue Growth in 2011, Big Expansion Plans for Pennsylvania

industrial_manufacturing

Industry Segment: Industrial Manufacturing | Word Count: 497 Words

SUGAR LAND--February 13, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--GE Transportation (Erie, Pennsylvania), a unit of General Electric Company (NYSE:GE) (Fairfield, Connecticut), reported exceptional growth orders, is spending some of that hard-earned money to expand its facilities in Pennsylvania. GE Transportation reported revenue growth of 45% for 2011 and a profit of $757 million on its $4.9 billion in total revenue. While orders were down 7% for the year, thanks to unstable economies the world over, the significant backlog of work that the company possesses makes expansion a must.


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