LAFAYETTE — GE Aerospace announced Tuesday it will invest $650 million into its manufacturing sites and supplier partners with $5.9 million earmarked for Lafayette's GE Aerospace engine facility, according to a news release.
The company's investment is part of a plan for increasing production and strengthening quality to better support its commercial and defense customers, the release stated. The investment is for additional equipment and new tooling to increase the assembly of engines for narrowbody and regional aircraft, especially the LEAP engine, which have been produced in Lafayette since 2017.
"Customers are eager to receive the engines we assemble in Lafayette," said Jordan Wysong, site leader for GE Aerospace Lafayette. "These investments will solidify our capacity to meet customer demand while improving safety and quality. I look forward to a strong future in Indiana as GE Aerospace becomes an independent company."
The 2024 investment plan calls for nearly $450 million to go toward new machines, inspection equipment, building upgrades and new test cells and safety enhancements at 22 GE Aerospace facilities across 14 states, according to the release. An additional $100 million will go to supplier partners based in the United States.
To support its customers operating around the globe, the release said GE Aerospace also plans to invest approximately $100 million at some of its international sites in North America, Europe and India.