Table of Contents
GE Aerospace has announced that it’s investing approximately $650 million in various facilities globally, with a big chunk going to its US plants.
Why it matters: The investment is part of a broader push among manufacturers who are looking to shore up their domestic manufacturing and supply chains,
By the numbers: More than half of the amount, about $450 million, is going towards modernizing 22 GE Aerospace sites across the US.
- Highlights include a $54 million investment in 3D printing technology at Auburn, Alabama; $30 million for military engine assembly in Lynn, Massachsetts; and $46 million for four commercial airline engine plants in North Carolina.
- It’s splitting the other $200 million between domestic suppliers and international facilities.
Zoom in: GE is also planning to add more than 1,000 jobs across its US facilities.
The big picture: The investment comes at a critical time for the aviation industry, which has been dealing with major shortages of just about everything: planes, parts, engines, pilots, and infrastructure.
- Most recently, jet engine supplier AOG Technics sold thousands of fake engine parts that forced airlines to rip up their engines.
- Engine makers like GE are also actively working on next-gen propulsion tech to help the aviation industry reach its zero-emission goals.
What they’re saying: “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,” Mike Kauffman, GE Aerospace Supply Chain Vice President, said.
