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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.

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