GE's aviation unit to cut 10% of U.S. workforce: CEO

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Go back to GE's aviation unit to cut 10% of U.S. workforce: CEO

AAR Corp. (AIR) Tops Q3 EPS by 3c, Revenues Beat; Withdraws FY20 Guidance, Citing 'Macro Uncertainty from Impact of COVID-19'

March 24, 2020 4:11 PM EDT

AAR Corp. (NYSE: AIR) reported Q3 EPS of $0.67, $0.03 better than the analyst estimate of $0.64. Revenue for the quarter came in at $553.1 million versus the consensus estimate of $550.29 million.

Reported third quarter Fiscal Year 2020 consolidated sales of $553.1 million and income from continuing operations of $2.6 million, or $0.07 per diluted share. Third quarter results included a predominantly non-cash pretax charge of $24.7 million primarily resulting from restructuring and exiting underperforming contracts in commercial programs. For the third quarter of the... More

GE Healthcare (GE) Announces Collaboration with Ford Motor Co. (F) to Produce Ventilators to Combat COVID-19 Pandemic

March 24, 2020 7:34 AM EDT

GE (NYSE: GE) Healthcare today provided two updates on its continued efforts to support clinicians, governments and the broader healthcare community in the fight against the coronavirus (COVID-19).

GE Healthcare and Ford Motor Company (NYSE: F) will work together to scale the production of ventilators, arming clinicians with medical equipment important in the treatment of COVID-19 patients. Through this collaboration, Ford will provide its technical and production expertise with the goal of manufacturing a simplified design of GE Healthcares existing... More