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GE Aerospace to invest nearly $1B in US manufacturing
GEGE(GE) Fox Business·2025-03-12 15:32

Investment in U.S. Manufacturing - GE Aerospace announced a nearly 1billioninvestmentinU.S.manufacturing,aimedatstrengtheningmanufacturingandincreasingtheuseofinnovativepartsandmaterialsforfutureflight[1]Thisinvestmentisnearlydoublelastyearscommitmentandwillenhancethesafety,quality,anddeliveryofengines,benefitingovertwodozencommunitiesacross16states[2]EliLillyisalsosignificantlyincreasingitsinvestmentinU.S.manufacturing,committinganadditional1 billion investment in U.S. manufacturing, aimed at strengthening manufacturing and increasing the use of innovative parts and materials for future flight [1] - This investment is nearly double last year's commitment and will enhance the safety, quality, and delivery of engines, benefiting over two dozen communities across 16 states [2] - Eli Lilly is also significantly increasing its investment in U.S. manufacturing, committing an additional 27 billion, bringing its total to over 50billionsince2020[5]JobCreationandEconomicImpactGEAerospaceplanstohirearound5,000U.S.manufacturingandengineeringworkersaspartofitsinvestmentstrategy[2]Appleannouncedacommitmentof50 billion since 2020 [5] Job Creation and Economic Impact - GE Aerospace plans to hire around 5,000 U.S. manufacturing and engineering workers as part of its investment strategy [2] - Apple announced a commitment of 500 billion over the next five years, which includes plans to hire 20,000 new employees focused on research and development, silicon engineering, artificial intelligence, and machine learning [7][8] Industry Leadership and Innovation - GE Aerospace's CEO emphasized that the investment will help modernize and expand customer fleets while scaling innovative technologies, keeping the U.S. at the forefront of aerospace leadership [4] - The commitment from major companies like Apple and Eli Lilly reflects a broader trend of reshaping global trade norms to boost domestic manufacturing under the current administration [3][8]