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GE Aviation has submitted plans to Tewkesbury Borough Council to build a new Dowty Propellers factory at Meteor Business Park in Staverton within the next three years.
GE Aviation is to relocate its Gloucestershire-based Dowty Propellers factory and 230 staff to a temporary site in Mitcheldean, following a recent fire.
GE Aviation is to sell its hydraulic actuation business to US-based Triumph Group for about £42m, casting doubt on the future of 70 jobs at Bishop's Cleeve.
GE Aviation has secured government funding of £1.2m to invest in research facilities at its Cheltenham-based engines business, with the creation of up to 100 jobs over the next eight years.
GE Aviation is to create 100 new engineering jobs at its aircraft engine maintenance plant in Nantgarw, Cardiff.
GE Aviation is to build a 30,000 sq ft power generation research centre at Bishops Cleeve, near Cheltenham, by March 2011.