US Stock Market Movement | GE Aerospace rises 1% pre-market, plans to spend $1 billion to increase engine production

Gelonghui, March 10th | GE Aerospace (GE.US) rose 1.02% pre-market to $325.2. According to reports, GE Aerospace announced that it will invest an additional $1 billion in its U.S. manufacturing and supplier base this year to increase engine production and expand parts manufacturing capacity. The company expects that more than $275 million of the total investment will be used to upgrade factories producing defense engines and parts. (Gelonghui)