2008 Farnborough Airshow

GE AviationJuly 15, 2008

GE job title/2Farnborough Airshow

July 15th, 20082

This document contains "forward-looking statements" - that is, statements related

to future, not past, events. In this context, forward-looking statements often address

our expected future business and financial performance, and often contain words

such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will."

Forward-looking statements by their nature address matters that are, to different

degrees, uncertain. For us, particular uncertainties which could adversely or

positively affect our future results include: the behavior of financial markets,

including fluctuations in interest rates and commodity prices; strategic actions,

including dispositions; future integration of acquired businesses; future financial

performance of major industries which we serve, including, without limitation, the

air and rail transportation, energy generation, media, real estate and healthcare

industries; unanticipated loss development in our insurance businesses; and

numerous other matters of national, regional and global scale, including those of a

political, economic, business, competitive and regulatory nature. These

uncertainties may cause our actual future results to be materially different than

those expressed in our forward-looking statements. We do not undertake to update

our forward-looking statements.

GE job title/3Farnborough Airshow

July 15th, 20083

• ’07 op profit up 15% … 2Q’08 up 10%

• Tough fuel environment for customers … GE engines provide fuel advantage

• GE and Snecma partnership renewed for the next lifecycle

• GEnx certified Boeing 787 … certification in process for Boeing 747-8

• Systems … meeting acquisition expectations … positioning for growth

• F136 … won FY’08 funding

• Selected on all three key advanced programs for next generation combat

aircraft, transport aircraft, and medium helicopter

• Growth in Business & General Aviation … Walter Engines acquisition

What’s new since Paris

GE job title/4Farnborough Airshow

July 15th, 20084

’07 annualized revenue portfolio

$4.5 $6.8 $3.5

(a- Systems & Unison Engine Components estimated total year 2007 revenue(b- Includes GE’s 50% of CFMI & EA

CFMI is a 50/50 JV between GE and SnecmaEA is a 50/50 JV GE and Pratt & Whitney

$2.2

Unison Engine Components

$0.4

A leading aviation technology business

Commercial engines

Commercial engineservices

Military engines & services

’07 Revenue

’07 Revenue

–b)

–a)

Systems Business & General Aviation

$0.4

($ in billions)

GE job title/5Farnborough Airshow

July 15th, 20085

Aviation

Commercial engines

• ~2,250a) deliveries in ‘08 … +9%

• ~23Kb) engine installed base

• 11% spare parts growth through 1H’08

Military engines

• 45% unit & 4% spares growth in ’08

• Key programs on new & long term applications

Systems

• 6% revenue growth in ‘08

• Delivering on deal model

Great business model

(a- ~1,350 ‘08 deliveries CFM, ~40 ’08 deliveries EA(b- ~14k of ’08 installed base CFM, ~30 of ’08 installed base EA

CFMI is a 50/50 JV between GE and SnecmaEA is a 50/50 JV between GE and Pratt & Whitney

’08 business overview

($ in billions)

2005 2006 2007

Revenue

Segment profit

$11.8

$16.8

$2.5$2.8

+19%

+13%$3.2

$13.0

’05-’07CAGR

GE job title/6Farnborough Airshow

July 15th, 20086

Commercial engine volume

2005 2008E 2011F

2,250

2,765

1,477

CFM56

CF34 CFM56

CF34

CFM56

CF34

GE90/GEnx/CF6

GE90/CF6

GE90/CF6

Yearly shipments (units)

CFM56 shipments of ~769 in ’05, ~1,350 in ’08 & ~1,400 in ’11CFM56 backlog of ~6K & ~14K installed baseCFMI is a 50-50 JV between GE and SnecmaEA shipments of 40 in ’08 & ~70 in ’11EA backlog of 312EA is a 50-50 JV between GE and Pratt & Whitney

GP7000

GP7000

Installed

base

23,000

CF34

GE90/CF6

CFM56

9,400

CF34

GE90/GEnx/CF6

Backlog

GP7000

CFM56

Single aisle

Regional

Wide body

Installed base enables service growth

GE job title/7Farnborough Airshow

July 15th, 20087

Growth in commercial services

coverage

0

5

10

15

20

25

30

35

2005 2008E 2011F

Annual departures (millions)

$80B

2Q08 2011F

$52B

Commercial CSA backlog

Extensions& new

Currentbase

40% 47%

Source ACAS data and GE AnalysisCFMI is a 50/50 JV between GE and Snecma

20%

44%

GE job title/8Farnborough Airshow

July 15th, 20088

Relative to competitor engine applications*

0

(1)

(2)

(3)

(4)

(5)

(6)

GE advantage

Delta block fuel (%

)

787-8

Aircraft company data

GE engines … fuel efficiency advantage

* @ 3,000 nm unless stated

787-9

(1.0)(0.8)

777-200 / ER

(5k nm

)

(3.2)

(2.4)

767-300ER

(5.2)

(1.5)

A330-200

(1.4)(1.2)

A330-300

(1.3)(1.0)

747-400

(2.0)

(0.2)

Aircraft company assessment

GE job title/9Farnborough Airshow

July 15th, 20089

World fleet fuel efficiency

Limited exposure to retirement candidates

Retirementcandidates

•A300•BAe146•DC-8/-9/-10•Fokker•L-1011•MD-80•Russian•707/727/737JT•747-1/-2/-3

Redeploymentcandidates

•A300-600/A310•A320 old•A340•MD-11•MD-90•50 pax & below RJ•717•737 classics•747-400•757•767

Best-in-class •A320 new•A330•A380•CRJ-700/-900/-1000•E-Jet•MD-11F•737NG•747-400F•777

Aircraft typesClassification Global aircraft GE & CFM aircraft

4,101

21%world fleet

331

21%world fleet

268

7,205

38%world fleet

4,238

2,269

1,969

7,963

41%world fleet

5,675

4,142

1,533

CFMI is a 50/50 JV between GE and SnecmaSource: IATA, GE analysis

GE job title/10Farnborough Airshow

July 15th, 200810

GEnx-1B for Boeing 787

• Certified March 31st, 2008

• 3rd flight test campaign in process

GEnx-2B for Boeing 747-8

• Engine type certification 2Q‘09

• Entry into service September 2009

GEnx program status

GE job title/11Farnborough Airshow

July 15th, 200811

GEnx video

11GE – Aviation

7/14/2008

GEnx video

GE job title/12Farnborough Airshow

July 15th, 200812

Service at Emirates … August 1st, 2008

• Dubai to New York (JFK)

• Dubai to Chicago (ORD)

• Dubai to San Francisco (SFO)

Impressive results

• Best fuel burn engine on A380

Over 350 engines ordered to date

Engine Alliance powered Airbus A380

EA is a 50/50 JV between GE and Pratt & Whitney

GE job title/13Farnborough Airshow

July 15th, 200813

Winning with customer’s prioritiesCustomer working to upgrade combat capability on select programs

• C5-M engine replacement program

• F110 SLEP (service life extension program)

• F404 SLEP (service life extension program)

• TF34 PUP (propulsion upgrade program)

Winning international programs

• Australian Air Force F414 … powering F/A-18E/F

• Royal Saudi Air Force F110 … powering F-15S

• Singapore Air Force F110 … powering F-15SG

• Turkish Air Force F110 … powering F-16E/F

US Army rotorcraft ops in IraqThousand flight hours/month

+50%

• ~70% of flying hours on GE engines

• ’08 turboshaft shipments up ~40%

Ops & maintenance costs up 2x in 10 yrs ... headwind to fleet recapitalization

GE well-positioned to support operational requirements

'03 '08

18.5

28.6

GE job title/14Farnborough Airshow

July 15th, 200814

Key military development programsF136 GE38

Critical design review completed 1Q’08

First engine to test scheduled for 4Q’08

Up to 5,000 aircraft potential

Most modern technology engine in its class

• 10%-20% lower fuel consumption

• 50%-80% life cycle cost advantage

More power for growth platforms

CH-53KFirst flight 4Q‘11

2008 2010 20122009 2011

F136 1st flight

First F136deliveries

CriticalDesignReview

FETT

GE job title/15Farnborough Airshow

July 15th, 200815

Advanced military programs

ADVENT(Advanced VersatileEngine Technology)

HEETE(Highly Efficient Embedded

Turbine Engine)

AATE(Advanced Affordable

Turbine Engine)

USAF

• Next generation fighter / bomber

• Multi-mission flexibility & efficient supersonic flight

• Next generation tanker / transport

• 25% improved fuel burn over current fleet

• Next generation attack / utility helicopter

• 67% increase in shaft horse power

• 25% improved fuel burn

GE job title/16Farnborough Airshow

July 15th, 200816

Systems business overviewProviding civil and military aviation systems solutions throughout the world

• ~16K products … more than 500 customers … for over 400 platforms

• Global footprint … 6 countries … 24 main locations

• Realizing synergy savings … ~700 headcount out … 7 sites restructured

• Positioning for growth

Civil Military

B747-8

A380 B787

G650

F35

V22

Eurofighter

F/A18

C130J

$1.0’07 Revenue–a) $1.2

(a- Systems estimated total year 2007 revenue

($ in billions)

GE job title/17Farnborough Airshow

July 15th, 200817

Systems products overviewMechanicalElectrical PowerDigital

Offerings ‘07• Information systems ~$130• Displays ~$120• Flight management ~$100 • Platform computing ~$90• Mission management ~$90

CustomersBAE Systems BoeingAirbus Lockheed Martin

Applications

• Others: B777, B737, F-16, F-22, P-8A, Hawk,

F/A-18E/F, C-130J & AMP

Offerings ‘07• Distribution & management ~$80• Control & conversion ~$60• Generators & starter/generator ~$50

CustomersBoeing Bell / BoeingLockheed Martin Northrop Grumman

Applications

• Others: F/A-18E/F, F-35, V-22, AH-64D

Offerings ‘07• Actuation ~$270• Aero-structures ~$260• Landing gear ~$170• Propellers ~$80• Mission systems ~$40

CustomersBoeing BAE SystemsAirbus Lockheed MartinEmbraer Raytheon

Applications

• Others: B787, A320, Hawk, KC-767 Global Tanker

B787 A320 Eurofigher B777 C-130J C-17 A380 B737 JSF

($ in millions)

GE job title/18Farnborough Airshow

July 15th, 200818

Business & General Aviation sector

Product sales

2003 2006

$8

$16

2016F

$25

Source: GAMA, industry sources

structures high lift systems landing gear

power distribution flight control actuation wing structures

engine nacelle integrated avionics displays

Growth through differentiated products• Engines

• Systems

• Outstanding service & support

Record ‘07 business jet deliveries … 1,138

• ~$19B value

• International >50% orders

GE productsSector overview($ in billions)

+9%

’03-’ 16FCAGR

GE job title/19Farnborough Airshow

July 15th, 200819

Business & General Aviation products

• GE and Honda technology

• Designed to achieve superior

fuel burn performance

HondaJet Spectrum S-40 Let L410 KingAir C90

• M601 … economical and

robust engine

• Utility aircraft and retrofits

Aviation Systems

• Technology integration

• Propulsion systems

• Electric power

• Avionics

• Health monitoring

• Solutions for over 20

platforms

GE job title/20Farnborough Airshow

July 15th, 200820

Announced at Farnborough … eCore Scalable design … state of the art

Regional jets

Narrow-bodies

Business aircraft

30K

10K

Advanced turbofan

Open rotor

Thrust range

Architecture options

eCore technology Multiple applications

or

GE job title/21Farnborough Airshow

July 15th, 200821

Announced at Farnborough

CFMI is a 50/50 JV between GE and Snecma

GE job title/22Farnborough Airshow

July 15th, 200822

Announced at Farnborough

CFMI is a 50/50 JV between GE and Snecma

GE job title/23Farnborough Airshow

July 15th, 200823

• Strong performance in ’07 … technology

investments differentiates business for ’08+

• Unprecedented commercial engine volume …

driving long term service revenue

• Engine entry into service on 4 new

commercial applications by ‘10

• Military winning in a tough environment …

developing next generation products

• Systems delivering synergies … positioned for

civil and military growth

• Stronger focus on Business & General Aviation

Partnerships & portfolio positioned for growth

Aviation summary

2008 Farnborough Airshow

GE AviationJuly 15, 2008