GE Aerospace investing $1bn in MRO capacity
To meet the growing needs of its customers, GE Aerospace plans to invest more than $1 billion over the next five years in its MRO and component repair facilities around the world.
“Our customers are experiencing strong air travel demand, and we are investing to increase our capacity and efficiency so we can meet their growing needs and keep their planes flying safely and reliably,” said GE Aerospace president and CEO, commercial engines and services, Russell Stokes.
“With this major investment, we are reinforcing our longstanding focus on safety, quality and delivery for our customers and the flying public.”
GE’s MRO facilities keep more than 40,000 commercial aircraft engines flying. With more than 3,300 LEAP-powered aircraft in service and more than 10,000 additional engines currently in backlog, a large chunk of the investment is being allocated to support growing demand for CFM LEAP engines.
A major part of the MRO funding provides for construction of a new Services Technology Acceleration Center (STAC) near Cincinnati, Ohio. Due to open in September this year, the STAC will help accelerate the deployment of innovative services approaches, including inspection technologies to detect emerging issues quickly and reduce airplane downtime for customers.
The funding will also add cutting edge technology to reduce turnaround times for customers as well as expand component repair capability within GE’s overhaul shops.
In total, GE Aerospace’s global MRO facilities will receive $250 million in 2024 of the $1 billion planned investment.
