General Electric (NYSE:GE) Working On Jets

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tdp2664 E money daily General Electric (NYSE:GE) and the University of Cincinnati Research Institute have hooked up to work on aviation. General Electric (NYSE:GE) Working On Jets The General Electric (NYSE:GE) Aviation Research Centre, in combination with the University of Cincinnati Research Institute being built in Evansdale, has received a $5 million investment from Ohio’s Third Frontier commission. General Electric (NYSE:GE) is committing more than $45 million for the centre, which will focus on next-generation jet engines, and is expected to support 11 GE researchers, six researchers from UC’s research institute, 19 UC graduate and undergraduate students, and the hiring of 20 new General Electric (NYSE:GE) design engineers. Carlo Montemagno, Dean of University of Cincinnati’s College of Engineering, said that, "We will provide a scientific expertise with insight and analysis of jet engines, while our graduate and undergraduate students will be provided the opportunity to learn from the compliance with General Electric (NYSE:GE) and their expertise in jet engines. This project’s mission is to develop technology to build the next generation of aircraft. We are currently in the planning phase and have started segments of the research. Construction of the facility should start sometime early 2012." General Electric Co. (NYSE:GE) stocks were at 16.63 at the end of the last day’s trading. There’s been a -12.1% change in the stock price over the past 3 months. General Electric Co. (NYSE:GE) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.75 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.83 Zack’s Rank: 5 out of 26 in the industry