GE Aviation, a division of
General Electric Company
), recently opened a new 138,000-square feet facility on the
campus of the University of Dayton, which represents a $53
million investment in the region
GENL ELECTRIC (GE): Free Stock Analysis
HUTCHINSON WHAM (HUWHY): Get Free Report
ITT CORP (ITT): Free Stock Analysis Report
RAVEN INDS INC (RAVN): Free Stock Analysis
To read this article on Zacks.com click here.
The Electrical Power Integrated Systems Center is expected to
cater to several markets including end-to-end electrical power
starter and generation, conversion, distribution, and load
technologies for next-generation civil and military aerospace
The center's proximity to the Wright-Patterson Air Force Base and
the University of Dayton Research Institute will provide
significant support to the Air Force Research Laboratories. This
center is expected to generate growth for the local economy,
create employment opportunities and boost joint research on the
In the past two years, General Electric has increased its
employment in Ohio by 7% and aims to continue to grow its
investments in this region. Going forward, this partnership with
the University of Dayton is also expected to create long-term
growth opportunities for the company. The center will facilitate
joint research with its customers while decreasing system
development time and improving on-time delivery of new aircrafts.
The electrical power business of General Electric is on track to
double in 2014 from that of 2009 driven by increased demand for
more power on aircrafts. This move by General Electric is in line
with its strategy to invest and develop advanced technologies
that are flexible and suited to customers' requirements.
General Electric, the parent company of GE Aviation, is one of
the largest and most diversified technology and financial
services corporations in the world with products and services
ranging from aircraft engines, power generation, water
processing, and security technology to medical imaging, business
and consumer financing, media content, and industrial products.
General Electric currently has a Zacks Rank #3 (Hold).
Better-ranked stocks in the industry include
Hutchison Whampoa Ltd
Raven Industries Inc
). All these stocks carry a Zacks Rank #2 (Buy).