GE Aerospace investing $32 million in Evendale, Peebles, Ohio
Evendale-based GE Aerospace has released more details about $32 million in investment the jet engine manufacturer plans to make in its own backyard.
GE Aerospace on March 2 announced it expects to invest $335 million across its U.S. manufacturing facilities in 2023. The following day the company detailed of $32 million of that investment would hit locally.
GE Aerospace and the General Electric-Baker Hughs joint venture Aero Engine Operation will see more than $17 million in investment in its Evendale location. That will go toward assembly across several product lines to maintain and expand capacity.
Aero Engine Operation is a manufacturer of aeroderivatives, engines that are based on GE Aerospace’s aircraft engines but is used as propulsion for ships and the generation of electricity.
GE Aerospace is also investing $15 million at its Peebles Test Operations facility 64 miles east of Cincinnati. That investment will be used for safety enhancements, product flow and productivity for the GE9X engines and the CFM International – a 50-50 joint venture between GE Aerospace and French manufacturer Safran – LEAP engine.
The 6,000-acre Peebles test site is the proving ground for GE Aerospace engines, ensuring they can withstand heavy winds, water and dust.
In addition to investing $335 million in manufacturing, GE Aerospace hopes to fill 800 job openings this year, 300 of which are in the Cincinnati region.
GE Aerospace and CFM International represent about 70% of the commercial aircraft engine industry. The company’s 2022 revenue of $26 billion would make it Cincinnati’s third-largest public company by revenue, behind Kroger and Procter & Gamble, respectively.
GE Aerospace is Cincinnati’s third-largest manufacturer. It employs 9,000 in the Cincinnati region among its Evendale headquarters campus, a 6,000-acre test operations facility in Peebles, a global parts warehouse at the Cincinnati/Northern Kentucky International Airport and electrical power research site bordering the University of Dayton.
