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Air Force Issues GE, UTC Nearly $300 Million AETD Contracts

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The Air Force Friday awarded General Electric [GE] and Pratt & Whitney $350 million and $335 million contracts, respectively, for its Adaptive Engine Technology Development (AETD) program, according to a Defense Department statement. Pratt & Whitney is a division of United Technologies Corp. [UTX] Pratt & Whitney and General Electric are vying for the AETD contract award. The Air Force Oct. 10 issued Pratt & Whitney a $30 million contract vehicle to allow the service to award Pratt & Whitney…

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