Jan. 20—Cincinnati and Ohio will continue to be home to one of the world's biggest producers of jet engines and components for commercial and military aircraft, the company confirmed Friday.
GE Aerospace will continue to have its base in Cincinnati when its Boston parent company's split into three publicly traded companies is complete.
"GE Aerospace continues to have a strong commitment to Cincinnati and the surrounding community, and our headquarters functions will remain here following our transition to a stand-alone public company in early 2024," a GE spokesman said Friday.
Cincinnati will remain the headquarters as GE divides into three independent, publicly-traded companies, focused on aerospace, health care and energy.
The aerospace-focused entity, long known as GE Aviation, last year re-branded as GE Aerospace.
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."
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