General Electric to Build Jet Engine Factory in Indiana
$100 million jet engine assembly is GE’s seventh new US facility in as many years.
According to a press release from GE Aviation, the new jet engine assembly plant will be in Lafayette, IN. This increases the already considerable footprint for the company in the USA. Existing sites include Batesville, MS; Auburn, AL; Greenville, SC; Dayton, Ohio; Ellisville, MS; and Asheville, NC, according to the company. The company also stated in its press release that between 2013 and 2017, GE Aviation expects to invest more than $3.5 billion in plant and equipment at its sites worldwide, with most of the investment in the US.
The facility in Lafayette will assemble the new LEAP engine of CFM International, a 50/50 joint company of GE and Snecma (Safran) of France.
Reuters (3/26, Krauskopf) reports that the LEAP engine will power new versions of widely sold single-aisle planes - the Airbus A320neo, Boeing's 737 MAX and China's COMAC C919. CFM competes with United Technologies' Pratt & Whitney unit for A320neo engine orders.
The AP (3/27) reported that the company already has orders for more than 6000 of the LEAP engine, according to David Joyce, the president and CEO of GE Aviation. According to the AP, the company expects the factory will open in 2016. According to the story “The Indiana Economic Development Corp. said it offered the company up to $3.6 million in tax credits and training grants based on its hiring plans. The state also will pay for about $1.3 million in infrastructure improvements.”
Published Date : 4/7/2014