2012-02-13 12:46:09 -
SUGAR LAND, TX -- (Marketwire) -- 02/13/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- GE Transportation (Erie, Pennsylvania), a unit of General Electric Company :
ctt.marketwire.com/?release=850774&id=1253815&type=1& .. (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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