GE Aerospace announced a strategic investment of more than EUR64 million (approximately $70 million) in its European manufacturing facilities. This initiative, which will be implemented throughout 2024, aims to enhance production capabilities for both commercial and military jet engines, focusing on the development of next-generation technologies for improved efficiency and performance.
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.
The 2024 investments in Europe will go to several sites:
- EUR44 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.
- EUR6.24 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.
- EUR3.39 million ($3.7 million) in Bucharest, Romania to upgrade machines, purchase new equipment and tooling to support production of narrowbody aircraft engines.
- EUR9.46 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.
- GBP1.6 million ($2.1 million or EUR1.9 million) in Gloucester, United Kingdom for new machines, additional tooling, and safety enhancements to the facility.
View an interactive map of all the investments.
A military history enthusiast, Richard began at Forecast International as editor of the World Weapons Weekly newsletter. As the Internet grew in importance as a research tool, he helped design the company's Forecast Intelligence Center and currently coordinates the EMarket Alert newsletters for clients. Richard also manages social media efforts, including two new blogs: Defense & Security Monitor, covering defense systems and international issues, and Flight Plan, which focuses on commercial aviation and space systems. For over 30 years, Richard has authored the Defense & Aerospace Companies, Volume I (North America) and Volume II (International) services. The two books provide detailed data on major aerospace and defense contractors. He also edits the International Contractors service, a database that tracks all the contractors involved in the programs covered in the FI library. More recently he was appointed Manager, Information Services Group (ISG), a new unit that encompasses developing outbound content for both Forecast International and Military Periscope.
