The first time I heard GE talk about its Remanufacture Engines was back in March.
The Remanufacturing Engines company, based in St. Louis, Missouri, announced that it had been awarded a $1.9 billion contract by the U.S. Department of Energy (DOE) for its next generation of advanced engine technology.
GE says the Remanufacturable Engines engine is expected to revolutionize the industry.
“It is the most advanced engine on the market,” GE President and CEO Jack Welch said.
GE has also been making headlines recently.
The company announced a plan to buy a controlling stake in Ford Motor Company in December 2016.
On Wednesday, the company also said it was selling a stake in its Jet Propulsion Laboratory (JPL) to private equity firm Bain Capital for $3.1 billion.
GE is the largest private employer in the U and is based in Kalamazoo, Michigan.
GE has been under fire for what it says are poor investments in the United States.
In March, it was revealed that GE was paying less than $1 for every $1 it made from a company called Alfa Romeo Automobiles.
It is also facing an investigation into alleged cheating of workers by the auto giant, which has said that it did not break any laws.
This is not the first time GE has been caught cheating.
Last year, the Washington Post reported that GE cheated on the hiring of 2,000 U.K. workers by hiring fake workers to fill vacancies in some manufacturing plants.
GE denies the allegations.
Since the start of the year, GE has faced criticism for poor performance.
In the fourth quarter of 2017, it lost $1 billion on its stock market index.
And last month, the New York Times reported that the company was facing a record $6 billion cost to replace faulty GE Power generation equipment.
GE announced last month that it will be spending $4.4 billion to replace the equipment, which the company says is the safest, most reliable and most cost-effective way to generate electricity.
What is Remanufacturer Engines?
In recent years, the United Kingdom has been working to become more competitive in the global marketplace.
Under the leadership of President Donald Trump, the U