GE Aviation: Avionics Joint Venture (JV) with Aviation Industry Corporation of China (AVIC)
GE is working to establish a commercial joint venture (announced in November 2009) with the Aviation Industry Corporation of China (AVIC) because it will provide global commercial opportunities in China and the rest of the world that GE would not have on its own. Specifically, GE will contribute its commercial Integrated Modular Avionics (IMA) technology to the joint venture. The JV's first order is for the COMAC C919, a new narrow-body commercial aircraft being built in China. The JV will supply IMA technology, displays, onboard maintenance systems, flight recorders and flight management system for the C919.
Listen to an introduction to the JV by Lorraine Bolsinger, president and CEO of GE Aviation Systems.
Find out how GE's joint venture with AVIC is contributing to jobs in the United States, and what we've done to safeguard the security of our nation and ensure the protection of our intellectual property.
The JV is creating at least 300 high-tech jobs in the U.S., mostly in Grand Rapids and Clearwater.
- Exports will account for 52 percent ($9 billion) of our 2011 revenues.
-This helped us add nearly 1,000 domestic jobs since fiscal year 2010. We plan to grow an additional 450 in the next three years.
-63 percent ($5.7 billion) of our annual spend with suppliers is in the U.S., translating to 35,000 domestic supplier jobs.
No military applications are involved in this joint venture, and significant measures are in place to safeguard against any unauthorized transfer of intellectual property.
Intellectual property is the most valuable thing we have and we rigorously protect it at GE.
- Rigorous intellectual property protections,
- Oversight compliance and IP mechanisms,
- Significant remedies in the event of a breach of compliance, and
- Non-competition obligations.