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GE aerospace invest almost $ 1b in US production


GE aerospace on Tuesday announced a Investment of almost $ 1 billion In American production, the latest company that did so under Trump’s administration.

The company has announced that the investment will “” strengthen production and increase the use of innovative new parts and materials needed for the future of the flight. “

GE said that the funds, almost twice last year’s obligations, will help increase the safety, quality and delivery of the engine, which will benefit from more than two dozen communities in 16 countries. GE said he would also hire about 5,000 US production and engineering workers.

Eli Lilly invests $ 27 billion more in American production

Since President Donald Trump has laid an oath at the beginning of this year, the administration is trying to reshape global trade standards to increase production on US soil.

Logotype General Electric Co. On the Ge aviation CF6-80C jet engine while hanging from the Airbus A300-600 Airbus Airbus wing wing. (Balint Porneczi / Bloomberg via Getty Images / Getty Images)

General Director General of the Aerospace H. Lawrence Culp Jr. said the company helps its customers modernize and expand its fleets while sceling innovative technologies, noting that it would “retain the United States in the forehead of the aviation management.”

Apple reveals a historical investment of $ 500 billion in US production, innovation: ‘Bullish on the Future’

“Investing in production and innovation is more critical than ever for the future of our industry and communities in which we operate,” he said.

Eli Lilly announced last month to invest an additional $ 27 billion to increase domestic drug production, which is a total of US investment in American production at more than $ 50 billion in 2020.

Dice Security Last Change Change %
Aapl Apple Inc. 216.98 -3.86

-1.75%

Gay GE aerospace 195.03 +3.23

+1.69%

Lylly Eli Lilly & Co. 822.27 -0.81

-0.10%

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Apple also announced that he has been committing $ 500 billion in the next five years, which will include the construction of the Advanced AI production factory near Houston, as well as the doubling of the Advanced Fund of the company with $ 5 billion to $ 10 billion.

The signage stands at the General Electric Co. (Ge) in Lynn, Massachusetts, March 31, 2020. (Scott Eisen / Bloomberg via Getty Images / Getty Images)

Technical giant also plans to establish an Apple Manufacturing Academy In Detroit, As well as employ 20,000 new employees with a focus on research and development, silicone engineering, artificial intelligence and machine learning.

Softbank, lady, meta And others also committed to investing in the US under Trump.



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