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AF Awards $684M Engine Tech Program IDIQ to GE, UTC

Air Force photo

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.

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