The aviation unit of General Electric (NYSE: GE) has secured a potential five-year, $1.65 billion contract to repair, update or replace engine components for the U.S. Navy’s F/A-18 aircraft fleet.
GE Aviation will support 17 F414 turbofan engine parts under the performance-based logistics contract from Naval Supply Systems Command, the Department of Defense said Wednesday.
The company will receive a $77 million initial delivery order while the service branch plans to commit an additional $26 million for contractor services from Sept. 1 to Dec. 21, 2021.
DOD noted that the noncompetitive contract has no options.
Ninety percent of work will take place in Lynn, Massachusetts, and the rest in Jacksonville, Florida.
