SOURCE: Industrial Info Resources

Industrial Info Resources

February 13, 2012 06:40 ET

GE Transportation Rolls Along With 43% Revenue Growth in 2011, Big Expansion Plans for Pennsylvania, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Feb 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 figures for 2011 and, thanks to a $3.3 billion backlog in 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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