On Friday, GE acknowledged that the same oxidation problem may affect up to 75 9FB turbines (a different model), representing 1% or less of the company's global installed base of 7,500 gas turbines.
GE stock has plunged by nearly 10% since the news about this faulty component first surfaced. This has knocked about $10 billion off the company's market cap. However, the cost to develop a fix -- which apparently took just a few weeks -- and roll it out across the small existing fleet will almost certainly be a small fraction of that amount.
https://finance.yahoo.com/news/latest-g ... 00240.html
https://www.genewsroom.com/press-releas ... nts-284501
https://www.genewsroom.com/press-releas ... nd-project
https://uk.finance.yahoo.com/news/meet- ... 00544.html
https://finance.yahoo.com/news/ge-ceo-j ... 27876.html
https://www.bizjournals.com/triangle/ne ... yptr=yahoo
https://finance.yahoo.com/news/ge-stock ... 00811.html
https://finance.yahoo.com/news/9-key-ta ... 00511.html
https://www.marketwatch.com/story/ge-st ... yptr=yahoo
https://www.investopedia.com/articles/m ... yptr=yahoo
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