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GE Aerospace (NYSE:GE) and Oak Ridge National Laboratory have teamed up under a new CRADA to boost supercomputing capabilities, aiming to advance next-generation aircraft engine technologies like Open Fan.
Oak Ridge National Laboratory, home to Frontier—the fastest supercomputer at over a quintillion calculations per second—is renowned for its advanced computing expertise.
Oak Ridge will enhance GE Aerospace’s ability to handle large simulations, extract data efficiently, leverage AI tools for better result interpretation, and improve physics visualization.
GE Aerospace plans to hire over 900 engineers in 2024 to drive innovation and support both current engine programs and future flight technologies.
The company developed computational fluid dynamics software for Frontier to model the aerodynamic and acoustic performance of its full-scale Open Fan engine.
Mohamed Ali, senior vice president of engineering for GE Aerospace said, “Supercomputing and access to Frontier is changing the way we design jet engines, allowing us to solve previously impossible problems. We’re now able to digitally fly components of an Open Fan at full-scale in a simulated environment before the hardware is built.”
“Our expanded research collaboration through a new cooperative agreement with Oak Ridge National Laboratory will accelerate our engine design and testing, building confidence that Open Fan architecture is the most promising engine technology to help the aviation industry meet its net zero ambitions.”
Today, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) and GE Aerospace have signed a Memorandum of Understanding to develop and produce cost-effective small engines for unmanned aerial systems and collaborative combat aircraft.
The partnership builds on an existing joint development agreement and includes full-scale engine production.
Last week, GE Aerospace announced plans to invest over $1 billion over the next five years to expand its global Maintenance, Repair, and Overhaul (MRO) and component repair facilities.
Earlier this month, the company disclosed that it had extended CEO Larry Culp's tenure until the end of 2027, with the option for an additional one-year extension.
GE stock has gained over 80% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and TCW Transform Systems ETF (NYSE:NETZ).
Price Action: GE shares are up 0.51% at $159.94 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Unsplash/ Headway
