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Pentagon Sticks To Veto Threat in Wake of Fresh GE Engine Offer

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By Marina Malenic General Electric [GE] yesterday announced that it has augmented a fixed price offer it made to the Pentagon last year to build alternate engines for the F-35 Joint Strike Fighter, with the Defense Department again indicating no interest in such a deal. The proposal from GE and its partner on the F136 development effort, Rolls-Royce, is to absorb cost overruns on the first 150 engines it delivers to the F-35 Joint Program Office (JPO). Company executives made…

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