Another company announced it is making a sizable investment in the nation’s manufacturing in 2025.
GE Aerospace plans to invest nearly $1 billion in U.S. manufacturing this year, according to a company release issued this week. The Ohio-based aircraft engine supplier is pouring the money into strengthening manufacturing in its factories and spurring innovation at its company through “new parts and materials needed for the future of flight.” The investment comes with plans to hire 5,000 U.S. workers in both “manufacturing and engineering roles.” It is the latest company to announce such an investment into the country’s economy since President Donald Trump began his second term on Jan. 20.
“Investing in manufacturing and innovation is more critical than ever for the future of our industry and the communities where we operate,” said Chairman and CEO of GE Aerospace H. Lawrence Culp, Jr. “We are committed to helping our customers modernize and expand their fleets while scaling technologies that will truly define the future of flight.”
Culp said the investment will help secure the U.S. as a world leader in the aerospace industry.
“Together, this will keep the United States at the forefront of aerospace leadership,” he added.
Of particular note is that GE Aerospace’s actions will be nearly double the size of its investment from last year when former President Joe Biden was in office.
Trump shared the news with a post on his Truth Social account.
GE Aerospace is renowned for its jet and turboprop engine manufacturing capabilities. The company’s history dates back to the late 19th century and is a “global provider of engines, systems, and services, with revenues exceeding $30 billion.” Its products are used in various aviation sectors, including “commercial, military, business, and private aircraft.”
In addition to GE Aerospace, Trump has secured significant investments from numerous other companies, several of which contributed to the country’s manufacturing sector. The Taiwan Semiconductor Manufacturing Company committed $100 billion to U.S.-based semiconductor chip manufacturing. Eli Lilly and Company announced it would invest $27 billion in the company’s U.S.-based manufacturing. Clarios said it would contribute $6 billion to expand manufacturing in the U.S. And Stellantis announced it would pour $5 billion into reopening its plant in Illinois.