Gen Electric (NYSE:GE)
Historical Stock Chart
2 Years : From Mar 2012 to Mar 2014
GE Aviation (NYSE: GE) today announced that it has expanded into a new
facility in Pompano Beach, which includes a 30% increase in square
footage and an R & D lab capable of advanced development of silicon
carbide (SiC)-based power conversion products for air, land and
“This new facility enables us to continue work on GE-developed SiC
technology, with the potential of reducing the weight on an aircraft by
more than 400 lbs.," said Vic Bonneau, president of Electrical Power for
GE Aviation Systems. “GE is committed to Florida and is investing
approximately $20 million in program work and R&D related to our Pompano
Beach facility over the next five years.”
The 30,000 square foot facility is located at 2705 Gateway Drive in
Pompano Beach. A new lab in the facility will provide increased capacity
for developing, testing and manufacturing advanced electrical power
conversion products used on civil and military platforms.
“This is a significant event for GE and for Pompano Beach,” continued
Bonneau. “Our workers here are helping to bring innovation from the
research lab to the manufacturing floor, and that helps keep U.S.
Space and weight are premiums on aircraft. Airlines are constantly
trying to balance the need to create more passenger and storage space,
while also meeting increased demand for electrical power on the plane.
GE's SiC power devices will address this need on both fronts.
Bonneau said: “An important part of our strategy is to aggressively
invest in the kinds of technologies that will solve large problems for
our customers 10 year from now.”
GE Aviation in Pompano Beach, FL was established in 1965 and is one of
the leading designers and manufacturers of special application
electronic power subsystems for military and other "high-end"
applications. GE has 40 employees at the Pompano Beach facility who
design and manufacture high-end military grade power supplies, including
custom and standard power conversion and control products. GE currently
has approximately 4,300 employees in Florida.
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.