General Electric has been issued an undefinitized contract action with a ceiling of $203,000,000 for technology maturation and risk reduction services, and a $99,470,000 cost-plus-fixed-fee contract for research and development. The contract includes maturation of fuel efficient adaptive engine component technologies and reduce associated risk in preparation for next-generation propulsion system development for combat aircraft applications. Work will be performed in Cincinnati, Ohio, and is expected to be completed Dec. 31, 2024.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on GE:
- General Electric’s (NYSE:GE) Order Flow Continues with New Contract Win
- Weekly Market Update: No Gifts for Investors During Holiday Season
- General Electric price target raised to $96 from $92 at Barclays
- GE among companies studying Medtronic businesses, Bloomberg reports
- Medtronic Business Units Spin-Off Attracts Siemens and GE
