This morning of July 01, 2021, two interesting news have just been published regarding the General Electric Group. Firstly, the latter will join the Digital Alliance that was created in 2019 by the Airbus and TechOps groups in the aviation sector. Secondly, the group is going to provide, through a strategic partnership, medical equipment for the fight against Covid-19 in the Democratic Republic of Congo. Let's take a look at these two announcements and their likely impact on the stock.
First of all, a press release issued this morning announced that the group, via its subsidiary General Electric Digital, was going to join the Digital Alliance which has existed since 2019 and which is formed by two other major groups namely Airbus and Delta TechOps.
The aim of this alliance is to allow the various partners to pool their expertise in the field of digital analysis and maintenance operations.
Another of its objectives is to enable the 140 airlines that manage their fleets through Airbus' Skywise Core platform to achieve cost savings, increase network efficiency and improve fleet availability.
General Electric Digital Group will add its best-in-class predictive analytics software and extensive aerospace systems engineering expertise to Skywise Core.
The airlines involved will also benefit from the monitoring, analysis and diagnostic capabilities of their fleet's condition and reliability, as well as a predictive maintenance solution.
The second announcement made by the General Electric group this morning concerns a partnership that will enable it to supply medical equipment for Covid-19 in the Democratic Republic of Congo.
More precisely, it is GE's General Electric HealthCare subsidiary that announced this partnership with the Ministry of Health of the Democratic Republic of Congo, formerly Zaire, with the aim of supplying mobile X-ray equipment as well as electrocardiograms or ECGs in the fight against Covid.
The equipment supplied will play an important role in the diagnosis and management of the coronavirus in this country, where access to medical technology is still very limited, as the group points out in its press release.
It should be remembered that X-rays are essential tools for identifying the various pulmonary anomalies indicative of the disease, particularly in areas that have limited access to PCR tests, while ECGs will help identify patients at risk of heart disease.
General Electric Healthcare will equip 82 sites in the country with innovative mobile X-ray and ECG technology and will work with users to ensure they are trained.