A joint venture of Safran‘s aircraft engines unit and General Electric‘s (NYSE: GE) aviation business will supply F108 military aircraft engine replenishment spare parts to the Defense Logistics Agency under a potential $2 billion contract .
CFM International will perform work in Ohio and France under the contract that contains nine base months, a four-year option and an additional three-year option, the Defense Department said Tuesday.
DoD noted the sole-source contract has a completion date of Oct. 31, 2024 if all options are exercised.
The U.S. Air Force and the U.S. Navy are the using military services, according to the department.
DLA’s aviation business will obligate fiscal 2017 through 2025 defense working capital funds to pay for contract work.