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Pushing Deeper Into Services

Throughout GE, Welch sees huge growth from providing sophisticated services that spring from the company's core strengths:

MEDICAL SYSTEMS: Launched an aggressive push to service rival manufacturers' medical equipment in 1994. Is now signing exclusive multiyear service deals with big hospital chains and buying up independent service shops

AIRCRAFT ENGINES: Signed a 10-year, $2.3 billion deal with British Airways in March to do engine maintenance and overhaul work. GE aims to double engine servicing revenues to $4 billion annually by 2000

POWER GENERATION: Sees a $1 billion business operating and maintaining power plants for utilities in the U.S. and Europe

TRANSPORTATION: Pursuing locomotive maintenance deals. Also developing an electronic tracking system to help railroads manage rolling stock more efficiently

CAPITAL: Over the past year, has built a $5 billion global computer services outsourcing unit through acquisitions. Plans to take on giants IBM and EDS in managing corporate computer networks



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Updated June 14, 1997 by bwwebmaster
Copyright 1996, Bloomberg L.P.
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