In order to extend its geographic footprint, Taleris – a joint venture between GE Aviation, an operating unit of General Electric Company (GE - Analyst Report), and Accenture plc (ACN - Analyst Report) – recently unveiled its new headquarter facility in Irving, Texas. The facility spanning 28,000 square feet of space is expected to house 100 employees within the first year of its operation.
Leveraging on the technological expertise and state-of-the-art equipment, Taleris provides all the requisite back-up support to airlines and cargo carriers across the world to improve operational efficiency through effective analysis of aircraft performance data, prognostics, and recovery. Taleris use proprietary algorithms to help the airlines take appropriate decision to pre-empt unscheduled maintenance, delays and cancellations that burden their exchequer billions of dollars each year.
With a roster of high-tech companies, Irving is a thriving business destination for Taleris. The city has ‘AAA’ ratings by Moody’s Investor Services and Standard and Poor’s for General Obligation Bonds owing to its large tax base, strong financial management policies, formal investment and reserve policies, and strong general fund reserves. In addition, the city also has AA1 ratings for Water and Sewer Bonds due to competitive combined utility rates and solid financial position. Consequently, Taleris expects that its new headquarters would benefit from the improved infrastructure facilities and other amenities to further develop its business.
General Electric is one of the largest and the most diversified technology and financial services corporations in the world. With products and services ranging from aircraft engines, power generation, water processing, and security technology to medical imaging, business and consumer financing, media content and industrial products, the company serves over 100 million customers worldwide.
Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. Evendale-based GE Aviation Systems is a premier supplier of commercial and military jet engines and components. It also provides avionics, electric power, and mechanical systems for aircraft along with an extensive global service network to support these products.
General Electric currently has a Zacks Rank #3 (Hold). Other companies in the industry worth mentioning are Crane Co. (CR - Snapshot Report) and Honeywell International Inc. (HON - Analyst Report), each carrying a Zacks Rank #2 (Buy).