GE, Honda Form Jet Engine Venture
From Associated Press
General Electric Co. has joined forces with Honda Motor Co. to make and sell the Japanese automaker’s jet engine, executives announced.
The two companies have established a joint venture company, GE Honda Aero Engines, to manufacture Honda’s HF118 turbofan engine.
The new company will begin operating at the end of this year in Cincinnati, where GE Transportation’s aircraft engine business is headquartered.
GE shares rose 2 cents to $34.02 on the NYSE.
