General Electric (GE) chairman and CEO Jeff Immelt takes time in his busy schedule to get regular briefings on GE Aviation’s commercial engine programs. That’s because GE has committed to spending more than $1 billion annually on commercial aircraft engine research and development through at least 2018. “Jeff Immelt keeps a pretty close eye on it,” GE Aviation VP-commercial engines Bill Fitzgerald told reporters in June at the Paris Air Show. “Every ...

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