Any new new set on the postings from a few days ago on this development?
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They can always keep a few warm bodies in the US in order to comply with ITAR and handle those pieces. They would own the business, but the dual use LR technology could be held by a US shell corp. for them.
My understanding was GE's offer to train Harbin did not include the GT core product it self but accessories and one poster noted ("No License required").
There were no license required technology involved in the components proposed last year.
Sorry to tell you this but export controlled does not mean impossible to export. It only means that you have to get a license. You said GE offered to train Harbin engineers last year to design components, it means that they already have the license to share that technology.
"Harbin will probably demand a fire sale price and wouldn't provide much help to GE cash problem." That sounds like the kind of bad deal that our leadership never refuses! Not feeling got about this at all.
Never say never, but full divestiture of Power to Harbin is practically impossible. Hot gas path, aero, material, to name a few, are export controlled or considered GE strategic technologies and cannot be sold. Last year Power was offering to train Harbin engineers to design components of 9F.05 in Greenville in exchange for Harbin to fund more of the NPI, but got shot down because the price was more than Harbin willing to pay. Even if Power is to sell parts of the business, Harbin will probably demand a fire sale price and wouldn't provide much help to GE cash problem.