GE Aviation Acquires Morris Technologies And Rapid Quality Manufacturing
EVENDALE, Ohio, Nov. 20, 2012 /PRNewswire/ -- GE Aviation has acquired the assets of Morris Technologies, and its sister company, Rapid Quality Manufacturing, precision manufacturing companies operating in suburban Cincinnati, Ohio. Terms were not disclosed.
The two privately-held companies, with about 130 Cincinnati-area employees, specialize in additive manufacturing, an automated process for creating rapid prototypes and end-use production components.
With this acquisition, GE Aviation continues to expand its engineering and manufacturing capabilities to meet its growing jet engine production rates over the next five years. (In addition to acquiring these manufacturing processes, GE Aviation will open two new production plants in the United States next year.)
"Morris Technologies and Rapid Quality Manufacturing are parts of our investment in emerging manufacturing technologies," said Colleen Athans, vice president and general manager of the Supply Chain Division at GE Aviation. "Our ability to develop state-of-the-art manufacturing processes for emerging materials and complex design geometry is critical to our future. We are so fortunate to have Morris Technologies and Rapid Quality Manufacturing just minutes from our headquarters. We know them well."
The additive manufacturing process involves taking digital designs from computer aided design (CAD) software, and laying horizontal cross-sections to manufacture the part. The process creates the layered cross-sections using a laser beam to melt the raw material. These parts tend to be lighter than traditional forged parts because they don't require the same level of welding. Additive manufacturing also generates less scrap material during the fabrication process. Founded by Cincinnati natives Greg Morris, Wendell Morris and Bill Noack in 1994, Morris Technologies ( Sharonville) and Rapid Quality Manufacturing ( West Chester) have supplied parts to GE Aviation for several years, as well as to GE Power Systems and our Global Research Center. The companies have made everything from lightweight parts for unmanned aerial vehicles (UAVs) for the U.S. military to hip replacement prototypes for the medical field. The Sharonville and West Chester facilities will become part of GE Aviation's global network of manufacturing operations. Morris Technologies and Rapid Quality Manufacturing have already been contracted by GE Aviation to produce components for the best-selling LEAP jet engine being developed by CFM International, a 50/50 joint company of GE and Snecma (SAFRAN) of France. The LEAP engine, which is scheduled to enter service in the middle of this decade on three different narrow-body aircraft, has already received more than 4,000 engine orders before the first full engine has even gone to test.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
