GE Lands Spot on $409M AF Thermal, Power, Controls R&D Contract

General Electric (NYSE: GE) has won a position on a potential $409 million U.S. Air Force contract to research and develop thermal, power and controls systems for aircraft engines and airframes.

The Defense Department said Wednesday the Next Generation Thermal, Power, and Controls program is a multi-agency and industry effort that seeks to expand knowledge and understanding of future power, thermal and controls requirements.

The Air Force awarded the first spot under the NGT-PAC contract to Lockheed Martin (NYSE: LMT) in late June and subsequently added Northrop Grumman (NYSE: NOC) and United Technologies Corp.‘s (NYSE: UTC) Pratt and Whitney subsidiary to the indefinite-delivery/indefinite-quantity contract earlier this month.

The Air Force Research Laboratory received seven proposals for the potential seven-year IDIQ and will obligate $106,244 at time of award from fiscal year 2017 research and development funds to finance the first task order.

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