07:44 AM EDT, 05/13/2025 (MT Newswires) -- Carrier Global ( CARR ) said Tuesday that it plans to invest an additional $1 billion in manufacturing, innovation and workforce expansion in the US over five years.

The additional investment, which will be on top of existing commitments to its American operations, will cover the expansion of existing facilities and construction of a new manufacturing site for components used in heat pumps and battery assemblies, Carrier Global ( CARR ) said.

The investment will also support research and development and is expected to create 4,000 jobs, Carrier Global ( CARR ) added.