GE - GE Aerospace Commits $1B To Enhance Global Repair And Overhaul Facilities | Benzinga
GE Aerospace (NYSE:GE) has announced plans to invest over $1 billion over the next five years to expand its global Maintenance, Repair, and Overhaul (MRO) and component repair facilities.
This significant investment aims to create capacity to meet the increasing demand for both widebody and narrowbody aircraft engines, enhancing engine test cells and equipment, and integrating technology to reduce turnaround times for customers.
The largest portion of the investment will support the growing demand for CFM LEAP engines, with over 3,300 LEAP-powered aircraft currently in service and more than 10,000 engines on backlog.
Many of these investments are driven by employee efforts to improve safety, quality, delivery, and cost through GE Aerospace’s FLIGHT ...