GE Aerospace to invest $1B in MRO over five years

GE Aerospace announced plans to invest more than $1B over five years in its Maintenance, Repair and Overhaul, or MRO, and component repair facilities worldwide. These investments will help GE Aerospace create capacity to meet growth in both the widebody and narrowbody installed base by adding additional engine test cells and equipment. The funding also will add technology, including enhanced inspection techniques, to reduce turnaround times for customers as well as expand component repair capability within its overhaul shops. The largest portion of the investment will support growing demand for CFM LEAP engines as the fleet continues to mature and expand with more than 3,300 LEAP-powered aircraft in service and more than 10,000 additional engines currently in backlog, increasing the global commercial airline fleet by thousands of planes in the coming years. A major part of the MRO funding this year provides for construction of a new Services Technology Acceleration Center, or STAC, near Cincinnati, Ohio. Opening in September, STAC will help accelerate the deployment of innovative services approaches, including inspection technologies that detect emerging issues sooner and reduce airplane downtime for customers. In total, GE Aerospace regional repair and overhaul facilities across the globe will receive $250M in 2024 of the $1B planned five-year investment to help fund facilities expansion, new machines, tooling, and safety enhancements.