GE Aerospace announced plans to invest more than €64 million ($70 million USD) into its manufacturing facilities across Europe this year to produce more efficient commercial engines and critical military engines. Many of the investments enable new manufacturing techniques or materials that result in stronger and lighter components, increasing the efficiency of engines and reducing emissions. GE Aerospace and its partner engines power three out of every four commercial flights around the world. GE Aerospace continues to see strong demand from its military and commercial customers for new engines and to maximize the availability of engines in operation. The 2024 investment plan expands the company’s capacity to continue ramping CFM LEAP engine* production, prepare for production of the GE9X engine, and to continue supporting the U.S. military and its allies around the world.
“These investments will put more efficient engines in airline fleets today and help us bring online the next generation of engines and technologies needed to achieve our 2050 net-zero ambition,” said Riccardo Procacci, president and CEO of propulsion & additive technologies. “This investment is part of the next chapter of GE Aerospace and our work to invent the future of flight, and we look forward to building a strong one in Europe.”
The 2024 investments in Europe will go to several sites:
€44 million ($47.9 million) across multiple locations in Italy for new and upgraded test cells, additional tooling, new equipment and upgrades to buildings for the production of narrow and widebody commercial aircraft engines, along with military engines.
€6.24 million ($6.8 million) in Prague, Czech Republic for new equipment and tooling, along with upgrades to the building to support production of other efficient aircraft engines.
€3.39 million ($3.7 million) in Bucharest, Romania to upgrade machines, purchase new equipment and tooling to support production of narrowbody aircraft engines.
€9.46 million ($10.3 million) at several sites in Poland for new equipment and tooling, new test cells, along with upgrades to some buildings to support the production of narrow and widebody commercial aircraft engines and military engines.
£1.6 million ($2.1 million or €1.9 million) in Gloucester, United Kingdom for new machines, additional tooling, and safety enhancements to the facility.
GE Aerospace will hire more than 300 employees for open external positions at its European sites.
GE Aerospace, an operating unit of GE (NYSE: GE), is a world-leading provider of jet engines, components, and systems for commercial and military aircraft with a global service network to support these offerings. GE Aerospace and its joint ventures have an installed base of more than 44,000 commercial and 26,000 military aircraft engines, and the business is playing a vital role in shaping the future of flight.
