General Electric Timeline - 1950-2000

1950-2000


Date Event
1952 General Electric acquires Ken-Rad Tube Manufacturing Corporation, headquartered in Owensboro, Kentucky and designates the Ken-Rad's plants located in Owensboro and Bowling Green, Kentucky, Tell City and Huntingburg, Indiana as its primary vacuum tube manufacturing facilities
1953 Lexan accidentally developed by a GE Plastics scientist while searching for a new wire coating
1955 GE Research Laboratory announces the ability to create the first artificial diamonds, primarily for industrial use
1958 Ralph J. Cordiner becomes Chairman & CEO, replacing Phillip D. Reed
1962 General Electric scientist Bob Hall invents the solid state laser
1963 Gerald L. Phillippe becomes Chairman, replacing Ralph J. Cordiner
1964 General Electric sponsors Carousel of Progress at the 1964 New York World's Fair and continues sponsorship after it is moved to Disneyland from 1967 to 1973, then to Magic Kingdom (1975–1985)
1967 Fred J. Borch becomes Chairman & CEO, replacing Gerald L. Phillippe
1970 Computer systems division sold to Honeywell
1971 CFM International is formed with partner SNECMA for the purpose of producing medium-sized civil turbofan
1972 Reginald Jones becomes Chairman and CEO, replacing Fred J. Borch
1981 Jack Welch whose management style would leave a lasting effect upon General Electric and corporate America, replaces Reginald Jones as CEO
1982 CFM International's CFM56 is introduced; The CFM56 would go on to dominate the engine market for short haul airliner
1983 General Electric begins sponsoring Horizons at EPCOT Center which ends in 1993
1984 GE spins off its commercial computer graphics products and services Genigraphics Operation to the Genigraphics Corporation
1985 GEnie, one of the pioneering online services, was developed using extra processor cycles on General Electric Information Services mainframes
1986 General Electric re-acquires RCA, primarily for the NBC television network and sells the remaining components to Thomson—along with General Electric's consumer electronics division— and Bertelsmann
1988 General Electric begins sponsorship of IllumiNations, a series of fireworks displays, at EPCOT Center which continues until 1998
1989 The Consumer News and Business Channel, or CNBC, is formed to provide business news to cable television subscribers
1993 GE Aerospace Division sold to Martin Marietta, now Lockheed Martin
1996 MSNBC is formed with partner Microsoft, to compete with the Cable News Network
1996 GEnie is sold to Yovelle, now part of IDT Corp.
1996 General Electric sponsors the Main Street Electrical Parade for the farewell season at Disneyland
1999 Harkening back to the Easy-Bake Oven, General Electric introduces the Advantium oven, which uses halogen lights to cook food
1999 Montgomery Ward exits Chapter 11 bankruptcy protection, and becomes a subsidiary of GE Capital, a major creditor

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