GE Aviation investment in US operations over 5 years exceeds USD 4bn

GE Aviation investments reached USD 4.3bn in its expanding US operations during 2011-2016, with another USD 1.1bn invested in its international sites, the company said.

The US investments include USD 214m to establish five new plants in Ellisville, Mississippi; Auburn, Alabama; Asheville, North Carolina; Lafayette, Indiana; and Huntsville, Alabama. About two million square feet of new manufacturing floor space is being created.

In addition, the company has upgraded current US operations, including expansions in West Jefferson, NC; and Hooksett, New Hampshire; and created centers for emerging technologies such as additive manufacturing, digital engine monitoring, ceramic matrix composites (CMCs), and electrical distribution.

GE Aviation has about 44,600 employees worldwide at 85 sites (47 in US), including more than 25,000 US employees (16,500 in the US supply chain). GE Aviation has an industrial backlog of more than USD 150bn. GE Aviation and CFM International, a 50/50 joint company of GE and Safran Aircraft Engines, collectively have a backlog of more than 15,000 jet engines.

About two-thirds of GE Aviation´s more than USD 25bn in annual revenues are generated from international sales — this includes about 75% of GE Aviation´s commercial revenues derived internationally. In general, about half of a GE commercial jet engine is produced with US content, thus resulting in a significantly positive trade balance for the US.

GE Aviation, an operating unit of GE (NYSE: GE), is a provider of jet and turboprop engines, components, and integrated systems for commercial, military, business, and general aviation aircraft. GE Aviation has a global service network to support these offerings.