Once the company’s division is complete, there will no longer be a separate GE “corporate” entity.
GE Aerospace has long been a major employer in Southwestern Ohio. Pre-pandemic, the company had about 1,500 employees working in four Dayton-area facilities, sites which saw a $1 billion total annual investment. The company had about 300 employees at its University of Dayton-based EPISCenter alone. And based in Butler County’s West Chester Twp. is CFM International, a joint venture of GE and French company Snecma.
About 9,000 Ohioans work for the company in total.
The company is also one of the biggest suppliers to military aviation. Keeping its headquarters to the Queen City places the company just an hour away from Wright-Patterson Air Force Base, the heart of the Air Force’s research and logistics missions.
GE continues work on its XA100 engine for the F-35 fighter jet, intending to meet Air Force goals for the Adaptive Engine Transition Program. GE says the new engine offers 25% better fuel efficiency, 10% more thrust and more power and thermal management capacity than current engines.
The GE health care spinoff is complete. Early this year, GE plans to execute the tax-free spin-off of GE Vernova, its portfolio of energy businesses, a GE spokesman said Friday.
Following these spin-offs, GE will become an aviation-focused company called “GE Aerospace.”