{"id":77372,"date":"2024-03-12T09:58:43","date_gmt":"2024-03-12T14:58:43","guid":{"rendered":"https:\/\/equitynewsreport.com\/ge-aerospace-to-invest-over-650-million-in-factories-supply-chain-in-2024\/"},"modified":"2024-03-12T09:58:43","modified_gmt":"2024-03-12T14:58:43","slug":"ge-aerospace-to-invest-over-650-million-in-factories-supply-chain-in-2024","status":"publish","type":"post","link":"https:\/\/equitynewsreport.com\/h\/ge-aerospace-to-invest-over-650-million-in-factories-supply-chain-in-2024\/","title":{"rendered":"GE Aerospace to invest over $650 million in factories, supply chain in 2024"},"content":{"rendered":"<div readability=\"63\">\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<img decoding=\"async\" alt=\"GE Aerospace to invest over $650 million in factories, supply chain in 2024\" id=\"carouselImage\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXNPEK2B0JF_L.jpg\"><br \/>\n<span class=\"text\">\u00a9 Reuters. View of the GE Aerospace chalet at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS\/Benoit Tessier\/File Photo<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>(Reuters) &#8211; GE Aerospace said on Tuesday it planned to invest over $650 million into its manufacturing plants and supply chain this year to boost its production capacity to support demand from commercial and defense clients.<\/p>\n<p>The company will invest nearly $450 million in 22 GE Aerospace facilities across 14 states in the United States and $100 million in some of its international sites. It also plans to invest an additional $100 million in its U.S.-based suppliers.<\/p>\n<p>&#8220;The 2024 investment plan expands the company&#8217;s capacity to continue ramping LEAP engine production, prepare for production of the GE9X, and to continue supporting the U.S. military and its allies around the world,&#8221; GE said in a statement.<\/p>\n<p>CFM International, GE&#8217;s joint venture with France&#8217;s <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Safran <\/span><\/span> (EPA:) SA, is an engine supplier for Boeing (NYSE:)&#8217;s 737 MAX jetliners and competes with RTX&#8217;s Pratt &#038; Whitney to power Airbus&#8217; 320neo jets.<\/p>\n<p>Along with the investment, GE said that it was hiring over 1,000 employees at its U.S. factories.<\/p>\n<p>Once an industrial conglomerate, GE in 2021 said it would split into three companies focused on aerospace, healthcare and energy.<\/p>\n<p>The healthcare business was spun-off last year and the separation of the energy business is expected to be completed next month. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. View of the GE Aerospace chalet at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS\/Benoit Tessier\/File Photo (Reuters) &#8211; GE Aerospace said on Tuesday it planned to invest over $650 million into its manufacturing plants and supply chain this year to boost its production capacity to support demand from commercial and defense clients. The company will invest nearly $450 million in 22 GE Aerospace facilities across 14 states in the United States and $100 million in some of its international sites. It also plans to invest an additional $100 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77373,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,49,50,3],"tags":[],"_links":{"self":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77372"}],"collection":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/comments?post=77372"}],"version-history":[{"count":0,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/posts\/77372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media\/77373"}],"wp:attachment":[{"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/media?parent=77372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/categories?post=77372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/equitynewsreport.com\/h\/wp-json\/wp\/v2\/tags?post=77372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}