The U.S. Air Force has awarded positions on a a potential $684 million engine technology development contract to General Electric-Aviation (NYSE: GE) and United Technologies (NYSE: UTX).
GE Aviation won $349, 747, 900 and UTC won $335, 048, 342 in funding, according to a Defense Department release.
This potential four-year indefinite-delivery/indefinite-quantity task order contract covers work under the Adaptive Engine Technology Development Program.
Work will occur in Cincinnati through Sept. 30, 2016 and Wright-Patterson Air Force Base in Ohio is the contracting activity.