Evendale-based GE Aviation started the business and general aviation division in 2008 with less than $100 million in revenues a year, Benvie said. But thanks to sales of existing turboprop engines — including an engine for the 750 to 850 horse power market and service agreements — and a new business jet engine due to enter the market in 2018 known as Passport, revenues are projected to grow to over $1 billion by 2020. And those projections don’t include the newly-won Textron product deal, he said.
That means business and general aviation is one of GE Aviation’s newest and smallest divisions but growing, he said. Other business lines include large commercial jet and military engines.
“For the past five years, GE conducted design studies and actively researched the turboprop market to identify and integrate the best of our next-gen commercial and military technologies at the lowest cost and risk to our business aviation customers,” said Brad Mottier, vice president and general manager of GE Aviation’s Business and General Aviation and Integrated Systems division, in a written statement.
GE Aviation announced in September plans to build a turboprop center of excellence for testing and making these new engine types in Europe, but has yet to announce where the facility will be built. The location should be named by the end of March next year, Benvie said. Meanwhile, engineers in Italy are already working on the Textron engine design, he said.