GE Aerospace: $650M Investment in Manufacturing Facilities
The American aircraft engine supplier GE Aerospace announced a $650 million investment in manufacturing facilities in Alabama, Massachusetts, North Carolina, and Ohio, with a focus on additive manufacturing (AM). The goal is to strengthen quality as production increases via cutting-edge equipment, upgrades, and safety enhancements. In addition, GE Aerospace is hiring over 1,000 employees for the open positions at the company’s US factories.
In a press release, H. Lawrence Culp, Jr., Chairman and CEO of GE and CEO of GE Aerospace, said, “As GE Aerospace prepares to become a standalone company this spring, we are making significant investments in the future of flight and in the dozens of communities and supplier partners helping us build it,”, adding, “These investments are part of the next chapter for GE Aerospace, supporting cutting-edge equipment and safety enhancements that will help us meet our customers’ growing needs.”
From the investment, $450 million will be invested in machines, inspection equipment, building upgrades, test cells, and safety measures at 22 facilities in 14 states. Furthermore, $100 million will be headed to US-based suppliers to strengthen the US supply chain of the company, as well as approximately $100 million at some of the company’s international sites in North America, Europe, and India.
“This is an investment in the future of manufacturing, ensuring we can continue producing high-quality, cutting-edge engines and services while meeting customer demand,” said Mike Kauffman, GE Aerospace Supply Chain Vice President.
GE Aerospace’s Auburn, Alabama facility will receive $54 million for AM and tooling to increase the production of military rotorcraft engine components, alongside commercial aircraft engines. However, the largest part of the investment ($107 million) will be invested in the greater Cincinnati region for AM machines, tooling, equipment, and test cell modernization. Other facilities that will receive investments are Lynn, Mass ($30 million) and North Carolina ($46 million).
GE Aerospace was founded in 1917 and is headquartered in Cincinnati, Ohio, United States.
Comments are closed