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.
The article General Electric Wins 3 of 37 Pentagon Defense Contracts Awarded Friday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Electric. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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