With its global business base growing, GE Aviation is expanding its manufacturing and research & development footprints in the United States with three new facilities to open by 2013.
GE Aviation's production rates are expected to grow from approximately 3,000 commercial and military engine deliveries in 2011 to 3,400 deliveries in 2012, and 3,800 deliveries in 2013.
To gear up for this delivery growth as well as expanded product offerings, GE Aviation will invest approximately $580 million in plant, equipment, and tooling during the 2011-2012 time frame across its network of 55 U.S. operations.
GE Aviation employs approximately 25,000 employees in the U.S., an increase of 1,000 employees since 2010, and will add more than 400 employees over the next three years.
"We are firing on all cylinders," said David Joyce, president and CEO of GE Aviation. "Our new-product development efforts and current product deliveries are at historic levels. We are a global enterprise with operations worldwide, but our expanding business has driven the investment in U.S. plants and equipment."
The construction under way of three new GE Aviation sites reflects the company's growing collaborations with U.S. communities:
GE Aviation's investment in its U.S. operations has not been limited to these new sites. The Evendale, Ohio, headquarters is undergoing a multiyear, $100 million renovation. The airfoils facility in Greenville, South Carolina, is adding 100 jobs between 2010 and 2013. Finally, at the GE Aviation Flight Test Operation in Victorville, California, a newly acquired Boeing 747-400 is undergoing a $60 million refurbishment and conversion to serve as a flying testbed.
Source: GE Aviation
Date: Feb 14, 2012