Of the $650 million, $450 million will go towards new machines, inspection equipment, building upgrades, and new test cells and safety enhancements at 22 GE Aerospace facilities.
GE Aerospace is all set to invest $650 million in its manufacturing facilities and supply chain this year to increase production and strengthen quality to better support its commercial and defense customers. These investments are a part of next chapter for GE Aerospace as the company embarks on its new journey as a standalone company starting this spring.
Of the $650 million, $450 million will go towards new machines, inspection equipment, building upgrades, and new test cells and safety enhancements at 22 GE Aerospace facilities across 14 states while an additional $100 million will go to supplier partners based in the United States.
“We are making significant investments in the future of flight and in the dozens of communities and supplier partners helping us build it,” said H. Lawrence Culp, Jr., chairman and chief executive of GE and chief executive, GE Aerospace. “These investments will support cutting-edge equipment and safety enhancements that will help us meet our customers’ growing needs,” he further added.
The breakup of the rest of the funds is as follows:
- $54 million will be invested in Auburn site for additional additive (3D printing) machines and tooling to increase the production of military rotorcraft engine components, along with narrow and widebody commercial aircraft engines.
Additive manufacturing is a critical technology that allows for greater performance and fuel efficiency while reducing weight and part count. - $30 million will go to Lynn site for investment in engine assembly and testing that supports the production of US and allied military helicopter and fighter jet engines. Additional investments will be used for facility maintenance and upkeep, and build on investments made in 2023.
- $46 million to four North Carolina facilities that produce parts and assemble engines for either narrowbody or widebody commercial engines to meet growing demand.
- Asheville will receive $11 million for high-precision machines used to produce critical components;
- Durham will receive more than $7 million for tooling and equipment to increase the assembly capacity of engines;
- West Jefferson will receive almost $5 million for quality inspection equipment and high-tech machinery; and
- Wilmington will invest $22 million for machines and specialized tooling to increase capacity.
- $107 million to facilities in the greater Cincinnati region for additional additive manufacturing machines, new tooling and equipment, and modernization and upgrades to test cells will allow the company to increase production capacity of engines used in commercial aircraft and in U.S. and allied military helicopter and fighter jets.
The $100 million will strengthen the company’s US supply chain, helping suppliers build and maintain capacity and capabilities needed for sustained growth. Suppliers provide materials (castings and forgings) and some early-stage parts for commercial and military engines.
To support its customers operating around the globe, GE Aerospace also plans to invest approximately $100 million at some of its 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, Supply Chain Vice President, GE Aerospace.
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Many of these investments are being made as the result of employees and leaders coming together to find ways to improve safety, quality, delivery and costs, through our lean operating model, FLIGHT DECK. In addition to the investments, GE Aerospace is hiring more than 1,000 employees for open external positions at its US factories.
Question- What is the purpose of these investments?
Answer- The purpose of these investments is to support the company’s growth and efficiency as it becomes a standalone company and to better serve its customers.
Question- What about the remaining 200 million?
Answer- The remaining 200 million will go towards supplier partners based in the United States.
Question- How much will be invested in the Lynn site?
Answer- 30 million will be invested in the Lynn site for engine assembly and testing for US and allied military helicopter and fighter jet engines.
Question- How much will be invested in the Asheville facility?
Answer- The Asheville facility will receive 11 million for high-precision machines used to produce critical components for CFM and LEAP engines.
