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GE's Unit Collaborates with PASSUR to Enhance Portfolio
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General Electric Company’s (GE - Free Report) aviation division recently announced that it collaborated with PASSUR Aerospace, Inc. (PSSR - Free Report) to leverage its domain expertise in software development, design thinking and FastWorks.
PASSUR is a leading business intelligence company in the U.S. The company’s information solutions are used by the five of the largest North American airlines, across over 60 airport customers, hundreds of business aviation customers and the U.S. government.
The agreement will allow General Electric understand the customers’ needs and drive efficiency. With iterative input from its customers, PASSUR will create next generation aviation intelligence solutions to address operational challenges and opportunities in order to improve overall airline and airport reliability, service and cash flow.
This collaboration will be the start of a design process leading to new, transformative capabilities for PASSUR's customers. It will shape the vision and future of PASSUR's integrated suite of solutions. The deal is an important milestone in both companies' active investment in the Industrial Internet.
Despite the change in its top-level management, General Electric has been expanding its business and launching new products to augment growth. Recently, it announced the launch of its expanded Predix-based software applications suite. With the latest ‘Digital Utility’ solutions, energy traders are connected to valuable, real-time plant productivity and capacity data to permit more profitable, analytics-informed trading.
However, General Electric has underperformed the Zacks categorized Diversified Operations industry in the last three months owing to macroeconomic challenges and fluctuations in currency exchanges. The company reported an average loss of 4.3% against 3.8% gain for the industry in the same time frame. We expect the company to improve its performance on the back of its strategic decisions.
Barloworld has a long-term earnings growth expectation of 17.2%.
Bunzl plc has a long-term earnings growth expectation of 3.20%.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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GE's Unit Collaborates with PASSUR to Enhance Portfolio
General Electric Company’s (GE - Free Report) aviation division recently announced that it collaborated with PASSUR Aerospace, Inc. (PSSR - Free Report) to leverage its domain expertise in software development, design thinking and FastWorks.
PASSUR is a leading business intelligence company in the U.S. The company’s information solutions are used by the five of the largest North American airlines, across over 60 airport customers, hundreds of business aviation customers and the U.S. government.
The agreement will allow General Electric understand the customers’ needs and drive efficiency. With iterative input from its customers, PASSUR will create next generation aviation intelligence solutions to address operational challenges and opportunities in order to improve overall airline and airport reliability, service and cash flow.
This collaboration will be the start of a design process leading to new, transformative capabilities for PASSUR's customers. It will shape the vision and future of PASSUR's integrated suite of solutions. The deal is an important milestone in both companies' active investment in the Industrial Internet.
Despite the change in its top-level management, General Electric has been expanding its business and launching new products to augment growth. Recently, it announced the launch of its expanded Predix-based software applications suite. With the latest ‘Digital Utility’ solutions, energy traders are connected to valuable, real-time plant productivity and capacity data to permit more profitable, analytics-informed trading.
However, General Electric has underperformed the Zacks categorized Diversified Operations industry in the last three months owing to macroeconomic challenges and fluctuations in currency exchanges. The company reported an average loss of 4.3% against 3.8% gain for the industry in the same time frame. We expect the company to improve its performance on the back of its strategic decisions.
General Electric presently has a Zacks Rank #3 (Hold). A couple better-ranked stocks in the industry include Barloworld Limited (BRRAY - Free Report) and Bunzl plc (BZLFY - Free Report) both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Barloworld has a long-term earnings growth expectation of 17.2%.
Bunzl plc has a long-term earnings growth expectation of 3.20%.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>