GE Security Revenue PlummetingBy: John Honovich, Published on Nov 13, 2009
In September 2008, GE Security CEO projected 2011 revenue of $3 Billion USD. Even at that time, the implied annual growth rate of 15% seemed unrealistic (GE Security reported 2007 revenues of $1.8 Billion).
Now, UTC is disclosing GE Security's revenue for 2008 and expected revenue for 2009.
- 2008 revenue was $1.5 Billion.
- 2009 revenue is expected to be only $1.2 Billion.