Tag Archives: General Electric

The Department of the Treasury considers safeguarding a $17B loan program for eligible national security companies under the Coronavirus Aid, Relief and Economic Security Act in the event that Boeing (NYSE: BA) and General Electric (NYSE: GE) find themselves in need of funds, Bloomberg reported Tuesday. Both companies have raised funds through bond offerings, divestiture and other initiatives.

John Slattery, president and CEO of the commercial aviation business at Embraer, has been appointed to the same dual-role at General Electric’s (NYSE: GE) aviation unit in a move slated to take effect July 13.

The Department of Defense has signed agreements worth $135M combined with five vendors under Defense Production Act Title 3 to help sustain critical workforce capabilities and broaden domestic production capacity during the COVID-19 pandemic. Those contracts were signed with Bethel Industries, General Electric’s (NYSE: GE) aviation subsidiary, Spirit AeroSystems, Steel America and Allied Systems.

General Electric's (NYSE: GE) aviation business has secured a five-year, $180.6M contract to repair and overhaul  turboshaft engines that power the U.S. Navy's H-60 Seahawk helicopter and the U.S. Marine Corps' H-1 Cobra and Bell UH-1 Huey platforms.

General Electric's (NYSE: GE) aviation business has secured a potential $394.1M contract from the Defense Logistics Agency to provide J85 engine-related supplies to the U.S. Navy and Air Force.

The U.S. Air Force has issued a solicitation for a contract to replace the engines of its fleet of 76 Boeing-built (NYSE: BA) B-52 Stratofortress bombers.

The State Department has approved a proposed $2.3B foreign military sale of aircraft engines and weapon systems to support the Egyptian government’s efforts to modernize its Boeing-built (NYSE: BA) AH-64E Apache attack helicopters.

The U.S. Air Force has awarded $707.3M in potential contract funds to General Electric (NYSE: GE) to build F110 turbofan fighter aircraft engines for Bulgaria, Slovakia, Taiwan and Qatar.

A team of General Electric (NYSE: GE) and Ford (NYSE: G) has been awarded a Defense Production Act contract worth potentially $336M to produce ventilators for the Department of Health and Human Services.

Seven companies have been awarded contracts worth more than $1.4B combined by the Department of Health and Human Services to supply ventilators to the Strategic National Stockpile.