GE Aerospace plans to invest nearly $1bn in its US factories and supply chain to strengthen manufacturing and increase the use of new parts and materials needed for the future of flight.
The new investment is nearly double last year's commitment and will help increase safety, quality, and delivery.
“Investing in manufacturing and innovation is more critical than ever for the future of our industry and the communities where we operate,” GE Aerospace chairman and CEO H. Lawrence Culp. “We are committed to helping our customers modernize and expand their fleets while scaling technologies that will truly define the future of flight.”
The company aims to invest $500 million to expand capacity to strengthen quality and delivery, particularly sites that produce and delivery the narrowbody CFM LEAP engine, where deliveries are expected to increase by 15-20% this year.
In addition, the company expects to invest over $100 million to scale the production of innovative parts made from new materials and advanced manufacturing processes that provides engines more range, power, and efficiency — including 3D printing. Another over $100 million will be invested towards the company's external supplier base.