GE Awarded $101M to Produce Engines for Air Force F-15 Fleet Modernization

The U.S. Air Force has issued a potential $101.3M contract action to procure turbofan engines from General Electric (NYSE: GE) to power the service branch's modernized F-15 fighter jets.

The undefinitized contract action covers delivery of initial F110-GE-129 engines, spares and system performance monitoring computers to the F-15EX aircraft program, the Department of Defense said Tuesday.

USAF indicated its intent to award an F-15 aircraft and weapon system modernization contract to Boeing (NYSE: BA) and an engine production contract to GE Aviation earlier this year.

The branch is obligating $18M at the time of award from its fiscal 2020 research, development, test and evaluation and aircraft procurement funds.

GE will peform contract work in Cincinnati through Nov. 30, 2022.

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