GE announces third quarter 2021 results

GE has reported total revenue of $18.4bn, down only 1% over last year, with total orders of $22.1bn for the third quarter of 2021, a 42% increase over a year ago. GE Chairman and CEO H. Lawrence Culp, Jr. said, “The GE team delivered another strong quarter. Orders grew, margins expanded, our overall cash performance was significantly better, and Aviation is building momentum and showing continued signs of recovery. The teams are managing through a challenging operating environment, including global supply chain disruptions and onshore wind market pressure due to the U.S. Production Tax Credit. Against that backdrop, we’re raising