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July 31, 2015 11:37 AM ET

Aerospace and Defense

Company Overview of GE Aviation

Company Overview

GE Aviation designs, develops, manufactures, and supplies jet engines, components, and integrated systems for commercial, military, business and general aviation aircraft, and ship propulsion applications worldwide. It offers commercial engines, including twin-aisle aircraft, single-aisle aircraft, regional aircraft, and multi-platform engines; avionics, electrical power, digital, and Dowty propeller systems; and landing gear systems and structures, fuel tanks, refueling probes, pylons, and aero structures and transparencies. The company also provides wing leading and trailing edges, engine nacelles, landing gear structures, and fairings and strakes; military and commercial gas turbines; die...

1 Neumann Way

Mail Drop J-4

Cincinnati, OH 45215-6301

United States

Founded in 1949

Phone:

513-243-2000

Fax:

513-243-9494

Key Executives for GE Aviation

Chief Executive Officer and President
Age: 58
Chief Financial Officer
Age: 51
Chief Executive Officer of GE Australia and New Zealand
Age: 55
Chief Executive Officer of GE Aviation Services and President of GE Aviation Services
Age: 51
Chief Executive Officer of Avio Aero
Compensation as of Fiscal Year 2015.

GE Aviation Key Developments

Xiamen Airlines Signs 15 Year OnPointSM solution service agreement with GE Aviation

Xiamen Airlines has recently signed a 15 year OnPointSM solution service agreement with GE Aviation for the material necessary to overhaul its 12 GEnx-1B engines. Total value for the agreement reached $240 million.

GE Aviation Expands West Jefferson Facility

GE Aviation hosted a grand opening ceremony at the site of its machining factory in West Jefferson, N.C. The grand opening comes amidst a crucial effort to encourage Congress to reauthorize the Export Import Bank of the United States, commonly referred to as the EXIM Bank. GE Aviation's $65 million investment in the new 80,000-square-foot expansion will allow for increased capacity as the shop assumes additional machining work. The increase in volume is driven largely by orders for the new LEAP jet engine of CFM International, a 50/50 joint company of GE and Snecma (Safran) of France. To date, CFM has logged total orders and commitments with airlines for more than 9,550 LEAP engines, which enters service in 2016. It will power the new Airbus A320neo, Boeing 737 MAX and COMAC (China) C919 aircraft for airlines worldwide. GE has hired 45 additional employees for the expanded facility so far and plans to hire 60 more over the next couple of years, pushing the plant's total workforce to more than 285. These employees do both rough and finished machining of components for the core of the engine--disks, spools and shafts. The new facility is part of a larger commitment by GE Aviation to invest $195 million across its North Carolina operations through 2017. GE Aviation employs more than 1,500 people in North Carolina at sites in Durham, West Jefferson, Wilmington and Asheville. The West Jefferson expansion, combined with the new facility in Asheville and plant and equipment upgrades at existing sites across North Carolina, will account for more than 240 additional GE jobs in North Carolina by 2017.

GE Aviation and Copa Airlines Extends GE's OnPointSM Solution Agreement on CFM56-7B Engines

Copa Airlines signed a five-year extension on its OnPointSM solution agreement covering more than 64 CFM56-7B engines that power the Boeing 737-700 and -800 Next- Gen aircraft. The agreement is valued at more than $250 million over the life of the extension. With this agreement, Copa Airlines has its entire engine fleet of CFM56-7B and CF34-10E engines covered under GE Aviation's OnPoint solution agreements.

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