GE Aerospace intends to invest $650 million this year to upgrade its manufacturing facilities and strengthen its supply chain. <\/p>\n
The General Electric operating unit said Tuesday that, of that total, $450 million will be allocated for the enhancement of 22 facilities across the U.S., an effort that includes the acquisition of additive manufacturing equipment and other machines and tools that will be used to assemble, test and produce engines for military and commercial aircraft. <\/p>\n
Inspection equipment, building upgrades and safety enhancements will be covered as well. <\/p>\n
The company will also invest in its international sites in North America, Europe and India. Approximately $100 million will be allocated for this purpose. <\/p>\n
The remaining $100 million will be used to support company suppliers in the U.S. <\/p>\n
Regarding the investment plan, GE Aerospace Supply Chain Vice President Mike Kauffman said the effort will help ensure the companys ability to deliver quality engines and services while meeting customer demand. <\/p>\n
For his part, H. Lawrence Culp Jr., the CEO of GE Aerospace and chairman and CEO of parent company GE, placed the investment plan within the context of GE Aerospace becoming a standalone company in spring, saying, 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. <\/p>\n
<\/p>\n
See the article here:<\/p>\n
GE Aerospace to Allocate $650M for Manufacturing Facility Upgrades, Supply Chain Support - ExecutiveBiz<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" GE Aerospace intends to invest $650 million this year to upgrade its manufacturing facilities and strengthen its supply chain. Continue reading