# General Electric to invest over $450M in US factories in 2023

General Electric announced plans to invest over $450 million in its existing US manufacturing facilities in 2023, including $335 million for GE Aerospace and $117 million for GE Vernova, and hire 1,700 positions.

- Type: Investment
- Announced: 2023-03-03
- Where: Multiple US locations (Lynn, MA; Evendale, OH; Auburn, AL; Lafayette, IN; Madisonville, KY; Greenville, SC; Pensacola, FL), United States
- Value: $450.0M
- Jobs: 1,700
- Status: announced
- Products: aircraft engines, gas turbines, wind turbine units
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [General Electric](https://endata.com/companies/1262.md)

## Sources

- [manufacturingdive.com](https://www.manufacturingdive.com/news/general-electric-to-spend-more-than-450m-in-us-factories/644028/), 2023-03-03: "The investment encompasses equipment and facility upgrades as well as hiring for 1,700 positions in its aerospace and energy businesses."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.