GE Aerospace (NYSE:GE) shares are trading higher today. On Monday, the company announced the official opening of XEOS, a cutting-edge engine maintenance, repair, and overhaul (MRO) facility in Środa Śląska, near Wrocław.

XEOS is a 35,000 square meter facility equipped with a range of advanced features, including a main hall for engine and module assembly and disassembly, an engine training center, and a state-of-the-art test cell.

The facility utilizes GE Aerospace’s proprietary lean operating system, FLIGHT DECK, incorporating the latest best practices in design and operations.

This facility, a joint venture between GE Aerospace and Lufthansa Technik, specializes in the overhaul and repair of CFM International LEAP engines.

Notably, LEAP engines power popular narrowbody aircraft like the Airbus A320neo family (LEAP-1A) and Boeing 737 MAX (LEAP-1B).

XEOS is currently conducting LEAP-1B engine maintenance while also assisting with LEAP-1A module work and engine testing.

In the near future, the facility plans to introduce LEAP-1B test cell capabilities and expand both its overhaul and repair capacities.

In January 2025, Lufthansa Technik and LOT Polish Airlines revealed their MRO agreement for CFM LEAP-1B engines.

The Polish national carrier currently operates 18 Boeing 737 MAX 8 aircraft and has an additional 13 on order, totaling 62 CFM LEAP-1B engines, including spares.

Alan Kelly, general manager of LEAP services at GE Aerospace, said, “Celebrating 30 years in Poland, GE Aerospace now has over 2,000 employees across six facilities, partnerships with eight local universities, and more than 1,000 local suppliers. We are also focused on developing a skilled aerospace workforce in Poland, including investing in young talent through our Next Engineers program in Warsaw.”

This month, the company revealed its intention to invest nearly $1 billion in its U.S. manufacturing facilities and supply chain to strengthen production capabilities, enhance engine safety, and integrate cutting-edge materials crucial for the future of aviation.

Investors can gain exposure to the stock via TCW Transform Systems ETF (NYSE:PWRD) and iShares U.S. Aerospace & Defense ETF (BATS:ITA).

Price Action: GE shares are up 1.03% at $206.24 at the last check Monday.

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