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General Electric May Receive Up to $5 Billion for F110-129 Engines for Foreign F-15s

Frank Wolfe Frank Wolfe
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General Electric May Receive Up to $5 Billion for F110-129 Engines for Foreign F-15s
US Air Force insignia on an aging jet plane.

The U.S. Air Force has awarded Cincinnati's General Electric Aerospace [GE] a contract worth up to $5 billion to provide the company's F110-129 engines for Boeing [BA] F-15 fighters and Lockheed Martin [LMT] F-16s for the Royal Saudi Air Force, Royal Jordanian Air Force, Bulgaria and possibly other countries that have agreed in Letters of Offer and Acceptance to sole-source such engines with GE. "This contract provides five years of pricing for F110-129 install and spare engines, with modernized engine…

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