GE Signs LOIs with China's Ministry of Railways Valued at $1.4 Billion

GE Transportation GE signed a Letter of Intent today with China's Ministry of Railways valued at $1.4 billion, including $350 million for export in locomotives, locomotive sub-assembly kits, service support and railway signaling systems. These exports have the potential to sustain or create approximately 2,000 high-tech manufacturing jobs in the U.S. GE also signed an additional LOI with the MOR reaffirming both parties' intent to collaborate on High-Speed Rail (HSR) opportunities and other rail technology in North America.