GE Plans to Invest $450 Million-Plus in U.S. Manufacturing in 2023

GE announces plans to invest more than $450 million in its existing U.S. manufacturing facilities this year, purchasing the latest equipment and making upgrades to firmly position the company and its U.S. workforce before the company’s planned creation of two independent companies in energy and aerospace.

GE Aerospace Investments

GE Aerospace expects to invest more than $335 million across its U.S. facilities this year. Currently, Aerospace has more than 800 external job postings open in sites across the country.

“GE Aerospace is a world leader in aircraft engine production due in large part to the strength and ingenuity of our U.S. employee base,” says GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. “The investments we’re making this year support cutting-edge technology that will help advance the next generation of aerospace manufacturing, ensuring a strong future for our employees, our business, the industry, and our commercial and military customers.”

This year’s investments will provide additional support for assembly improvements, capacity expansion and maintenance, and enhanced safety infrastructure upgrades. GE Aerospace’s investment in U.S. manufacturing will also positively impact productivity and quality for its sites.

• In Lynn, MA, GE will invest $31 million for test cell upgrades, tooling redesign and other building improvements to support engine production and development.
• GE Aerospace and the GE-Baker Hughes joint venture’s Aero Engine Operation (AEO) will invest more than $17 million in Evendale, OH. Aerospace’s investments, intended to maintain and expand capacity, will go for assembly across several product lines. AEO’s investments are intended to improve capacity for Test facility operations and assembly across several programs.
• In anticipation of continued manufacturing growth in Auburn, AL, GE will invest $16 million for facilities upgrades to support increased additive manufacturing.

• In Lafayette, IN, GE Aerospace will invest about $7 million to increase tooling support for LEAP and Passport engine growth and Maintenance, Repair and Overhaul for LEAP. 

• In Madisonville, KY, GE will invest more than $4 million for productivity, quality and maintenance improvements across several engine lines critical for the U.S. military.

GE Vernova Investments

GE Vernova, GE’s portfolio of energy businesses, expects to make investments this year—including capacity upgrades, facility maintenance and equipment and tool management. 

“By improving capacity and modernizing facilities, GE Vernova will be well positioned to further drive decarbonization, increase electrification and lead the energy transition,” says GE Vernova CEO Scott Strazik. “These investments will ensure our employees and facilities are ready to support U.S. energy independence and sustainability goals, while positioning the company for long-term stability and success.”

GE Vernova is hiring externally for more than 920 U.S.-based positions and anticipates investing upwards of $117 million in its U.S. energy facilities this year, including:

• $35 million in Greenville, SC for capacity,, facility maintenance, and equipment and tool maintenance, among other areas. These investments will allow GE to increase capacity of gas turbine units and spare parts made in and shipped from Greenville.
• $20 million in nacelle manufacturing facilities in Pensacola, FL, to expand production capacity and bring new products to market. 
• $11 million in Schenectady, NY, including investments in capacity, facility maintenance, and equipment and tool management. These investments allow Schenectady to replace and upgrade tooling for improved on-time performance, to increase capacity of gas turbine and generator products and services.

The 2023 investments are in addition to the more than $200 million announced in October 2022 by GE-led joint venture Global Nuclear Fuel-Americas (GNF-A) and TerraPower to build the NatriumTM Fuel Facility near Wilmington, NC.

Sources: Press materials received from the company and additional information gleaned from the company’s website.