Why this project qualifies
With $650 million in facility-specific investment and 500 permanent operating jobs announced, this project clears both of AFT's qualifying thresholds ($100 million in facility-specific investment OR 100 permanent operating jobs). This project also meets AFT's primary-source verification and physical U.S. manufacturing-footprint requirements.
View full methodology →Why it matters
The aerospace context.
US aerospace demand is being driven simultaneously by record commercial-aircraft backlogs and a Department of Defense modernization cycle covering bombers, ICBMs, submarines, and hypersonics. Most projects in this category are constrained by skilled-labor availability — welders, composite technicians, machinists — rather than by capital.
Project record
At a glance
- Company
- GE Aerospace
- Industry
- Aerospace
- Location
- Asheville, North Carolina
- Investment
- $650.0M
- Permanent jobs announced
- 500
- Status
- Under Construction
- Announced
- Mar 11, 2024
- Expected opening
- Jan 1, 2026
- Added to tracker
- Apr 15, 2025
Sources
Official references
- Primary source https://www.geaerospace.com/news/press-releases/ge-aerospace-invest-over-650m-manufacturing-facilities-supply-chain-2024
Related
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- PharmaceuticalsRoche Group (Genentech)Holly Springs, North Carolina$2.00B500 jobs
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