GE 2014 Annual Report Download - page 62

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42 GE 2014 FORM 10-K
MD&A SEGMENT OPERATIONS | AVIATION
OPERATIONAL OVERVIEW
(Dollars in billions)
EQUIPMENT/SERVICES REVENUES UNIT SALES
(a) GEnx engines are a subset of commercial engines
(b) Commercial spares shipment rate in millions of dollars per day
SIGNIFICANT TRENDS & DEVELOPMENTS
x On August 1, 2013, we completed the acquisition of the aviation business of Avio, a manufacturer of aviation propulsion
components and systems for $4.4 billion.
x We expect military shipments to be lower due to continued pressure on the U.S. military budget.
x The installed base continues to grow with new product launches.
x Lower fuel costs are expected to result in increased airline profitability and continued growth in passenger traffic and
freight.
x Revenue sharing programs are a standard form of cooperation for specific product programs in the aviation industry.
These programs are controlled by Aviation, but counterparties (with interests ranging from 1% to 39%) have an agreed
share of revenues as well as development and component production responsibilities.
Equipment
Services
Equipment
Services
Services Equipment
2014 GEOGRAPHIC REVENUES: $24.0 BILLION ORDERS
2014 SUB-SEGMENT REVENUES BACKLOG