General Electric Awarded $2.87 Billion Navy Contract
MT newswire2026/09/01 21:34Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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05:34 PM EDT, 09/01/2026 (MT Newswires) -- General Electric (GE) is being awarded $2.87 billion for a not-to-exceed ceiling-price performance-based logistics contract to provide logistics support for 17 F414 engine components used in the Navy's F/A-18 E/F/G aircraft, the US Department of Defense said Tuesday. This is a five-year base contract with no option periods and is expected to be completed in August 2031, according to a statement.
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