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The dollars will go toward facility upgrades and additional equipment to support growing demand at sites producing, testing, and assembling the company’s commercial and military engines, GE Aerospace says.
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Employees marked the first day of operations as a standalone company by ringing the closing bell at the New York Stock Exchange.
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GE Aerospace reports it's investing $107 million in upgrades to three area facilities.
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Hybrid electric and sustainable fuel are just a few programs the partnership has taken on.