GE Aerospace will invest $650 million in its manufacturing facilities and supply chain in 2024, including $5 million at its Terre Haute site, to increase production and improve support for its commercial and defense customers.
In a Tuesday announcement, the company the Terre Haute investment will provide new machines, additional specialized tooling and upgrades to equipment and the building for production of narrowbody and widebody aircraft engines. “These investments are being made as the result of employees and leaders coming together to find ways to improve safety, quality, delivery and costs,” said Nick Hurm, GE Aerospace spokesman. “We currently have positions open in Terra Haute for mechanics, machinists and welders.” “These investments give our team the ability to increase production of engine parts, many for our most advanced jet engines, and the investments ensure a strong future for GE Aerospace as we become an independent company,” said Gerald Beuvelet, site leader for GE Aerospace Terre Haute.
“As GE Aerospace prepares to become a standalone company this spring, we are making significant investments in the future of flight and in the dozens of communities and supplier partners helping us build it,” said H. Lawrence Culp, Jr., Chairman and CEO of GE and CEO of GE Aerospace.
“These investments are part of the next chapter for GE Aerospace, supporting cutting-edge equipment and safety enhancements that will help us meet our customers’ growing needs,” Culp added.
GE Aerospace Terre Haute produces critical components for some of the most advanced jet engines flying today, including the GE9X engine, the most powerful commercial jet engine in the world, which set a world record for thrust.
The company is also investing $107 million to facilities in the Cincinnati area for additional manufacturing machines, tooling and equipment that will allow the company to increase production of engines used in commercial aircraft in the U.S. and allied military helicopter and fighter jets.
About $100 million will be invested to strengthen the company’s U.S. supply chain, helping suppliers build and maintain capacity and capabilities needed for sustained growth. Another $100 million will be invested at some of its international sites in North America, Europe and India.
In addition to the equipment investments, GE Aerospace will be hiring more than 1,000 employees at its U.S. factories.
GE Aerospace has 22 factories in the United States, with most in the Midwest and along the East coast.
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