After inking a contract with Czech Power Company yesterday morning, General Electric Co. is enthusiastic about more positive developments to come, as it positions itself to rebound once the global economy recovers.
Czech Power Company, which is known for its diversification across product lines and geographical locations, said that it is confident that one of its subsidiaries will win contracts to supply engines for China’s big aircraft project. GE Aviation already provides engines to China’s first self-developed regional jet, which took its first flight at the end of last year.
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