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Ge Avio, according to Mise. Lepore: New strategic investments

At ildenaro.it (money.it)- Ge Avio, accordo al Mise. Lepore: Nuovi investimenti? strategici - Martedì, 4 luglio 2017

Using Google translate:

Ge Avio, according to Mise. Lepore: New strategic investments
Tuesday, July 4, 2017

Signed this morning the agreement between the Ministry of Development and "Ge Avio" for the US giant investment program on Italian territory, through its subsidiary Avio Aero, it will go to the group's plants located in Campania, Puglia and Piedmont, with 'intention to promote the development of new technology platforms in the field of civil aviation.

To Campania are provided, as well as the 60 million previously allocated, additional investment to 20 million by 2020 and another 40 million until 2024, with a split of the national total will be defined according to the production volumes of the programs (GE9x and Leap for Pomigliano), and who will finance interventions on the processes of production and control of aircraft engines with particular attention to environmentally friendly engines, in particular on the process of realization of the GE9X motor, tip application, which will be mounted on the Boeing 777X, ie on the aircraft 400 passengers whose entry into service is scheduled for 2020, and that having an average life of 30-40 years, equivalent to the guarantee of an equally long strategic presence of the group in Campania and in other regions involved.

"The investment for the plant in Pomigliano General Electric Avio, in the agreement signed this morning at the Ministry of Development, has a strategic value for the economy and the bell for the aerospace industry - said the Councilor for production activities Amedeo Lepore - it is another 20 million investment for the years up to 2020 and another 40 until 2024, in addition to the more than 60 million of investments already underway with the program agreement signed by President De Luca and the Minister Calenda and financed by the Region of Campania. this will project the Campania region to the future of engines for aircraft and industry 4.0 (additive manifacturing, advanced manufacturing and digital transformation of production sites). we will continue to strive for new and more and more consistent interventions of development in this sector and the strategic projects for regional economic growth and employment produtt VAT".