Hello, Guest!
  • Saturday, April 27, 2024

GE Aerospace Books $684M Contract to Manufacture Turboshaft Engines for US Navy, Israel

GE Aerospace will build T408-GE-400 turboshaft engines to power CH-53K production helicopters for the U.S. Navy and the Israeli government under a $683.7 million contract.

The Navy ordered 129 engines under full-rate production lots six to eight, while Israel procured 40 units through a foreign military sales transaction, the Department of Defense said Wednesday.

Contract work take place in Lynn, Massachusetts, and is expected to occur until June 2027.

Other services under the firm-fixed-price, cost-plus-fixed-fee include logistics, programmatic and cost-reduction support efforts.

The Navy will obligate $346.8 million at the time of award from fiscal years 2021, 2022, 2023 aircraft procurement funds. FMS customer funds from Israel amounted to $153.7 million.

Video of the Day

Related Articles

GE Aerospace Starts Trading on NYSE as Public Company News

GE Aerospace Starts Trading on NYSE as Public Company

General Electric‘s (NYSE: GE) aerospace business has started trading on the New York Stock Exchange as a separate entity under the ticker symbol “GE” following the completion of the spin-off of GE Vernova, which comprises the company’s energy businesses. GE Aerospace is headed by Chairman and CEO Lawrence Culp and has approximately 44,000 commercial engines

Peter Cunniffe Named GE Aerospace Chief Strategy Officer for Defense & Systems Executive Moves

Peter Cunniffe Named GE Aerospace Chief Strategy Officer for Defense & Systems

Peter Cunniffe, a more than 11-year BAE Systems veteran, has joined General Electric‘s (NYSE: GE) aerospace unit as chief strategy officer for the defense and systems business sector. Cunniffe announced his new position in a LinkedIn post and shared that he will help shape GE Aerospace’s Future of Flight mission to reduce carbon emissions and

GE Board OKs Spinoff of Energy-Focused Business GE Vernova; GE Aerospace to Launch in April Industry News

GE Board OKs Spinoff of Energy-Focused Business GE Vernova; GE Aerospace to Launch in April

The board of directors of General Electric (NYSE: GE) has cleared the planned spinoff of its portfolio of energy businesses, which will operate under the name GE Vernova, and expects the new independent entity to kick off trading on the New York Stock Exchange on April 2 using the ticker symbol “GEV.” In July 2022,