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GE to Hire 5,000 Veterans, Expand Its Aviation Business

SEBASTIEN BOZON/AFP/Getty Images(WASHINGTON) -- Good news for veterans who are out of work: General Electric announced on Monday it will be hiring 5,000 vets over the next five years.

The move comes as the company kicks off a four-day event in Washington, D.C., on Monday, "dedicated to America’s long-term economic and industry growth with discussions centered around manufacturing, innovation and jobs," GE said in a statement.

GE will partner with the U.S. Chamber of Commerce for the “Hiring our Heroes” initiative and sponsor 400 job fairs across the country this year.

Along with adding more veterans to its workforce, GE also unveiled plans to expand its aviation business in 2012.  The company says it will invest $580 million, "in the expansion of its manufacturing and research & development footprints in the U.S." -- promising to add more than 400 new manufacturing jobs and open three new plants in the country next year.

Copyright 2012 ABC News Radio

ABC News Radio