GE Books $1.1B Navy Aircraft Engine Support Contract

General Electric (NYSE: GE) has secured a five-year, $1.1 billion contract to replace, repair and provide program support for engine components of the U.S. Navy’s F/A-18 aircraft.

GE will perform the work on 784 F414 aircraft engine parts under the indefinite-delivery, performance-based logistics requirements contract, the Defense Department said Monday.

The contract does not contain options and the Navy will issue $81.4 million in initial funds from its working capital account for an undefinitized delivery order action.

Naval Supply Systems Command’s weapon systems support unit solicited only one vendor for the non-competitive requirement.

Ninety-nine percent of contract work will occur at various contractor facilities in the U.S. and the remaining 1 percent will take place in Jacksonville, Florida.

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