ASIM, jul 19
GE Aerospace (NYSE) has announced a plan to invest over $1 billion over five years in its Maintenance, Repair and Overhaul (MRO) and component repair facilities globally. This investment aims to expand capacity to meet the growth in both widebody and narrowbody aircraft by adding engine test cells and equipment. The funding will also introduce advanced technology, such as improved inspection techniques, to reduce turnaround times and enhance component repair capabilities. GE Aerospace President and CEO, Russell Stokes, emphasized the company’s commitment to meeting the increasing demand for air travel by enhancing capacity and efficiency to ensure the safety and reliability of aircraft.
The largest portion of this investment will support the growing demand for CFM LEAP engines, with more than 3,300 LEAP-powered aircraft in service and over 10,000 engines in backlog. Additionally, part of the funding will go towards constructing a new Services Technology Acceleration Center (STAC) near Cincinnati, Ohio, to accelerate innovative service approaches. In 2024, $250 million of the investment will be allocated to expanding facilities, new machines, tooling, and safety enhancements across various global locations, including the United States, South America, Europe, the Middle East, and Asia Pacific. GE Aerospace’s MRO facilities are crucial for maintaining over 40,000 commercial aircraft engines, providing comprehensive services such as engine disassembly, reassembly, maintenance, repair, inspection, and testing.
