General Electric (NYSE: GE) has won a $265 million contract to repair and replace engines on the U.S. Navy‘s F-18 fleet, the Defense Department announced Monday.
The three-year performance-based logistics requirements contract also covers program support for the 35 F404 engines, which the company will install on the F/A-18 Hornet configurations.
Six offers were solicited through a competitive process.
Work will occur at the Fleet Readiness Center Southeast in Jacksonville through Dec. 31, 2015 and the Navy is obligating no funds at the time of the award.
Navy Working Capital Funds covered under the contract will not expire at the end of the current fiscal year and the Naval Supply Systems Command’s weapon systems support office in Philadelphia is the contracting activity.