Monday, February 13, 2012

GE Aviation growth

GE Aviation's production rates are expected to grow from about 3,000 commercial and military engine deliveries in 2011 to 3,400 in 2012 and 3,800 in 2013, according to the company. "We're firing on all cylinders," said David Joyce, president and CEO of GE Aviation. The company, which has about 25,000 workers in the U.S., is investing some $580 million in plant, equipment, and tooling across 55 U.S. operations. It will add more than 400 employees over the next three years. By the end of the year GE Aviation will complete construction of a 300,000-square-foot factory in Ellisville, Miss., to make composite components for jet engines, and another 300,000 square-foot facility in Auburn, Ala., that will make machined parts for commercial and military engines. Construction is also under way on GE's new electric power integrated systems R&D center in Dayton, Ohio. (Source: GE Aviation via Business Wire, 02/13/12)