1. Detailed plan for 78 million euros investment
This plan covers five countries, including Italy, Poland, the Czech Republic, the United Kingdom and Romania, and focuses on expanding engine test units, introducing AI-driven detection technology; purchasing new equipment to produce engine parts for narrow-body/wide-body passenger aircraft, military fighters and helicopters; optimizing existing facilities, improving material processing accuracy and production efficiency. It will create more than 500 jobs and further consolidate GE's leadership in the European aviation supply chain.
Among them, Italy received the largest share (55.6 million euros) for the construction of new test units, upgrading detection technology and expanding production lines to support commercial and military engine production; Poland (11.6 million euros) and the Czech Republic (5.4 million euros) will strengthen the production capacity of military rotorcraft and turboprop engine parts; the United Kingdom (3.3 million euros) and Romania (2.3 million euros) will invest in new equipment and complex metal forming technology to enhance the maintenance capabilities of propeller systems.
2. Strategic Significance and Industry Background
This move will accelerate the application of advanced materials (such as high-temperature alloys) and manufacturing technologies (such as additive manufacturing) to improve engine performance and fuel efficiency. The division of labor among the five countries covers the entire chain from testing, component production to maintenance services, strengthening the advantages of the European aviation industry cluster.
This investment is another move by GE Aerospace after the 64 million euros in manufacturing investment and 122 million euros in maintenance and overhaul (MRO) investment in 2024, further consolidating its leadership in the European aviation supply chain and demonstrating its long-term strategic commitment. The company also supports local talent training through apprenticeship programs (such as training about 100 people each year in the UK and Poland) and the Next Engineers project to ensure technology inheritance and innovation.
3. Expert opinion
Riccardo Procacci, President of Propulsion and Additive Technologies at GE Aerospace, said: "This investment not only responds to the urgent need for innovation and production capacity in the European aviation industry, but also injects vitality into the regional economy and employment through localized technology upgrades. We will continue to deepen our cooperation with European partners to drive the industry towards a more efficient and sustainable future."
4. About GE Aerospace
In 2024, with the completion of the spin-off of GE Vernova, the energy business of General Electric (GE), GE Aerospace will officially become an independent public company. On April 2, GE Aerospace and GE Vernova jointly rang the opening bell at the New York Stock Exchange. GE has also completed the last step of its transformation that has lasted for many years, splitting into three independent public companies: GE HealthCare, GE Vernova and GE Aerospace. In 2023, GE Aerospace's revenue will be approximately US$32 billion, GE Vernova's revenue will be approximately US$33 billion, and GE Healthcare's revenue will be approximately US$19 billion.
GE Aerospace, a subsidiary of General Electric (GE), is headquartered in Avondale, Ohio. It is the world's leading supplier of aviation propulsion systems, operating 45,000 commercial and 25,000 military engines, with business covering more than 100 countries. The company continues to promote safety and innovation in the aviation industry through material science, digital technology and sustainable solutions. In 2024, GE Aerospace's revenue reached US$38.7 billion, operating profit of US$7.62 billion, net profit of US$6.56 billion, total assets of US$123.1 billion, and total equity of US$19.3 billion, showing strong strength. Its products are widely used in commercial, military, business and general aviation aircraft, driving the aviation industry forward.
