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Wednesday, April 28, 2010
GE/RR Claims $20B JSF Savings
Clearly responding to the persistent heat from the Pentagon and to wavering support on Capitol Hill, the General Electric and Rolls Royce F136 consortium today announced a fixed price deal they say will save $1 billion over the next five years and $20 billion over the life of the Joint Strike Fighter program.
“Today, we are announcing a fixed-price offer for F136 engines purchased in 2012, followed by further price reductions for engines procured in each 2013 and 2014,” said David Joyce, president and CEO of GE Aviation.
“We can create a competitive environment that will save the government $1 billion over the next five years, and $20 billion over the life of the JSF program.”
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