General Electric Wins 3 of 37 Pentagon Defense Contracts Awarded Friday
The Department of Defense announced 37 new defense contracts Friday, worth a combined $2.2 billion in total value. General Electric and its subsidiaries won three of them, including:
A $7.5 million cost-plus-fixed-fee delivery order under a previously issued basic ordering agreement relating to the F404 Engine Component Improvement Program, whereby General Electric Aviation will provide engineering and engine system improvement support for the U.S. Navy and also for the governments of Australia, Canada, Finland, South Korea, Kuwait, Malaysia, Spain, Sweden, and Switzerland through December 2014.
A $7.8 million cost-plus-fixed-fee delivery order for similar services relating to the F414 Engine, and similarly ending in December 2014, but with the customers being only the U.S. Navy and the government of Australia.
Both the F404 and F414 engines are afterburning turbofan engines that power fighter jets such as the U.S. Navy's F/A-18 Hornet and Super Hornet variants.
Additionally, GE subsidiary CFM International won an $8.5 million firm-fixed-price contract to supply an unspecified number of engine combustion liners to the U.S. Air Force through April 15, 2015.
The article General Electric Wins 3 of 37 Pentagon Defense Contracts Awarded Friday originally appeared on Fool.com.
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