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2mo ago

GE Aerospace Announces $1 Billion Investment in U.S. Manufacturing

The initiative aims to enhance production capabilities, integrate advanced materials, and create 5,000 new jobs across 16 states.

GE Aerospace branding is seen at the Farnborough International Airshow, in Farnborough, Britain, July 22, 2024. REUTERS/Toby Melville/File Photo
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Overview

  • GE Aerospace's $1 billion investment for 2025 nearly doubles its commitment from the previous year.
  • The funds will support over two dozen communities, focusing on improving engine safety, quality, and delivery.
  • Key allocations include $500 million for capacity upgrades, $200 million for military engine production, and over $100 million for materials innovation like 3D printing and ceramic composites.
  • Major projects include upgrades in Greater Cincinnati, Muskegon, Michigan, and Huntsville, Alabama.
  • The company plans to hire 5,000 U.S. workers, expanding its manufacturing and engineering workforce significantly.