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General Electric Company (NYSE:GE): Current price $23.57
GE has won contracts totaling roughly $500 million to supply equipment and long-term services, directly and through engineering procurement contractors, for the Emirates Aluminium, or EMAL, smelter complex in Abu Dhabi. The company will provide gas and steam turbines, generators and a plant-wide control system for the Phase 2 expansion project that will establish EMAL as one of the biggest single-site aluminum producers in the world. Beyond that, GE will provide its latest tech upgrades for its gas turbines presently operating Phase I of the EMAL complex. The tech upgrades will include the company’s latest DLN 2.6+ combustion technology, which should reduce nitrogen oxide emissions, along with lengthening the lifespan of gas turbines parts by up to a factor of three.
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