GE Aerospace to invest around $1 billion in its U.S. factories this year
Aiming to increase the adoption of new technologies and parts
GE Aerospace (GE.N) will invest nearly $1 billion in its U.S. factories and supply chain in 2025, according to an announcement made this week.
This move comes as the company works to strengthen its manufacturing capabilities and accelerate the adoption of new technologies and components, according to a report by Reuters.
The latest investment by the aerospace giant—nearly double last year’s amount—comes amid a strong travel market that has driven high demand for its engines and spare parts.
"Investing in manufacturing and innovation is more crucial than ever for the future of our industry and the communities where we operate," said CEO Larry Culp.
GE also plans to hire 5,000 U.S. workers this year, including new positions in manufacturing operations and engineering.
The company will allocate $500 million of the total investment to enhance its engine manufacturing capabilities and expand key sites, particularly those supporting production of its narrow-body CFM LEAP engine.
CFM International, the joint venture between GE and France’s Safran SA (SAF.PA), supplies engines for Boeing (BA.N) 737 MAX aircraft and competes with RTX’s Pratt & Whitney to power Airbus (AIR.PA) A320neo jets.
GE Aerospace will also invest more than $100 million to support its external suppliers, aiming to help them upgrade equipment, reduce defects in manufactured parts, and ease supply chain constraints.
AUTOR
Editor en Aviacionline. Especializado en Aviación Comercial / Aviación en Argentina. 45 años de periodista, y contando.
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