Industrial & Energy Technology (IET) Leading the Charge
Beyond LNG, the company demonstrated strength in power systems, receiving an award for over 40 BRUSH™ generators to deliver approximately 7 GW of power to the U.S. grid. In a significant move into new energy, Aalo Atomics selected Baker Hughes to supply a steam turbine generator for one of the first Small Modular Reactor (SMR) demonstration plants in North America. The digital portfolio also scaled significantly, with Cordant™ software awards from global partners like Yara and China National Petroleum Corporation.
Oilfield Services & Equipment (OFSE) Innovation
In the OFSE segment, the company secured nearly $1 billion in Production Solutions contracts in the Middle East. Notable awards came from the Kuwait Oil Company and Petroleum Development Oman, both of which will leverage the Leucipa™ automated field production solution to improve well reliability.
Technological advancements in well construction were highlighted by the uptake of Lucida™ and AutoTrak™ rotary steerable systems in Argentina’s Vaca Muerta formation, enabling deeper and more efficient drilling. Additionally, the company secured a multi-year agreement with Eni for subsea production systems at the Coral North LNG project offshore Mozambique, further expanding its long-cycle offshore footprint.
Strategic Outlook
CEO Lorenzo Simonelli noted that these achievements position Baker Hughes to evolve into a “stronger, more industrialized energy solutions company” as it enters its “Horizon Two” phase from 2026-2028. With a book-to-bill ratio of 1.1, the company enters 2026 with sustained momentum across its diverse portfolio