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Safran Aero Boosters announced a new subsidiary, Safran Booster Components, building an aircraft engine compressor components plant in Welkenraedt, Wallonia, backed by Walloon and Belgian federal investors, operational in 2028.
GE Aerospace and Tata Advanced Systems extended their manufacturing agreement for commercial aircraft engine components, a multi-year contract valued at over USD 1 billion. The parts will be made at Tata's Centre of Excellence for Aero Engines in Hyderabad, announced on 4 November 2022.