GE Lands Potential $907M Navy Contract to Repair F/A-18, EA-18G Engine Components

General Electric (NYSE: GE) has received a potential four-year, $907 million contract to provide repair, replacement and program support services for engine components of the U.S. Navy‘s F/A-18 E, F and EA-18G planes.

The Defense Department said Friday the performance-based contract has a three-year base period worth $670.7 million and one option year.

The Navy obligated $89.6 million in working capital funds to cover the delivery order.

Eighty-eight percent of the work will occur in Jacksonville, Florida, and the rest in various GE supplier locations.

The F/A-18 Hornet is designed to support fighter escort, enemy air defense suppression, reconnaissance, forward air control, strike, close and deep air support operations.

The EA-18G Growler is equipped with an interference cancellation system, APG-79 active electronically scanned array, joint helmet-mounted cueing system, AIM-120 advanced medium-range air-to-air missiles and survivability and electronic protection systems for ground, air and maritime troops.

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