Search This Blog

Monday, January 26, 2015

U.S. Army Recruits General Electric to Build $4.5 Billion Next-Gen Helicopter Engine

UH-60M Black HawkAt General Electric, the motto used to be: "GE: We bring good things to life." But can GE bring the U.S. Army's helicopters back to life?

That's the question facing investors today, as GE gears up to compete head to head with archrival United Technologies and its UTC ally Honeywell on a contract potentially worth $4.5 billion -- or more.

The contest, dubbed "VAATE" by the military, aims to pick one contractor to build a new generation of Versatile Affordable Advanced Turbine Engines to power the Pentagon's helicopter fleet into the 21st century -- and GE aims to win it.

Read more

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.

The material is being made available in an effort to advance understanding arms trade activities, for non-profit research and educational purposes only.

I believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.

If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner.

This is a completely non-commercial site for private personal use. No fee is charged, and no money is made off of the operation of this site.