GE's Lorraine Bolsinger Stresses Growth during Dayton Chamber of
"GE Aviation will continue to grow its Dayton presence in a dramatic
way," said Lorraine Bolsinger, president and CEO of GE Aviation Systems,
during her keynote address today at the Dayton Chamber of Commerce's
In the past five years, GE Aviation has added 400 jobs at its three
Dayton plants, initiated construction of a new R&D center at the
University of Dayton, and hopes the GE commitment to the region will
bolster efforts by Ohio leaders to make Greater Dayton a test-flight hub
for future unmanned aircraft.
GE Aviation is headquartered in the nearby Cincinnati suburb of
"GE plans to grow and attract talent to Dayton from around the world,"
said Lorraine Bolsinger. "We are investing $17 million in capital
improvements for our Dayton facilities and another $50 million in our
new Electrical Power Integrated Systems R & D center that will be
operational next year."
The new R&D center will be the intellectual heart and soul of GE's
electrical power business with potentially 150 - 200 researchers in the
next five years depending on future programs.
The R & D center will position GE to pursue business for the next
generation of planes, many of which will be unmanned aerial vehicles
(UAVs). GE is a big player in this emerging market, providing electrical
power and distribution for such UAVs as the Global Hawk, a surveillance
plane used in Afghanistan. The use of UAVs is growing rapidly in both
military and commercial aviation. The Teal Group predicts the annual $6
billion spend in UAVs worldwide will nearly double in the next decade.
Within the next year, the Federal Aviation Administration will designate
six sites across the U.S. as future flight testing centers for UAVs.
Ohio is engaged in this important competition with at least 22 other
"This will be hotly contested and will have long-term implications for
Ohio," commented Bolsinger. "We hope that GE's presence in Dayton will
play a positive role in Ohio's effort to become a future hub for UAV
Bolsinger continued, "This is an opportunity to establish an enduring
relationship between the FAA, Wright-Patterson, NASA and Ohio aerospace.
Let's make sure Ohio is part of the next exciting chapter in aviation
GE in Ohio
GE has a sizable footprint in Ohio with 22 locations and 15,000
employees across several divisions - including the Aviation headquarters
near Cincinnati - and the Lighting headquarters in Cleveland. GE employs
2,600 workers in the Dayton area - including three Aviation sites - and
a large credit card operation in Kettering.
An economic study recently commissioned by GE concluded that 1 out of
every 41 dollars in the Ohio economy is driven by GE activity. GE
generates $11.2 billion annually from their payroll and through
purchases with Ohio suppliers.
GE is now Ohio's largest exporter with GE Aviation operating 6 major
facilities in Ohio - with more than 9,000 employees. GE has increased
employment in the state by 7% in the past two years. Annual payroll in
Ohio is $750 million - and they spend $1.2 billion annually with more
than 1,000 Ohio suppliers.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading
provider of jet engines, components and integrated systems for
commercial and military aircraft. GE Aviation has a global service
network to support these offerings. For more information, visit us at www.ge.com/aviation.
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com
Rick Kennedy, +1.513.243.3372