GE Aircraft Engines awarded $1.9 billion contract

GE Aircraft Engines has recently won a five-year, $1.9 billion contract to supply F414 engines to the US Navy.

The US Navy has recently awarded a five-year Multi-Year Procurement (MYP) contract to GE Aircraft Engines (GEAE) for F414 engines, devices and spare modules.

The contract is for a planned quantity of 480 install engines and devices. The initial award, including install engines and devices, spare engines, devices and modules for fiscal year 2002, and engineering support, is valued at $1.917 billion.

The contract provides the flexibility to adjust the engine and device quantities between 420 and 625 units to meet the needs of the US Navy.

The contract also includes options to procure additional spare engines, devices and modules on an annual basis. These options will reportedly result in an additional $161 million dollars if fully exercised.

Deliveries will take place from March 2003 through to February 2008. The F414 engine powers the U.S. Navy F/A-18E/F Super Hornet Strike Fighter.

The F414 engine is currently rated at 22,000 pounds (98 kN) thrust. However, GEAE is said to have established a growth roadmap that increases thrust by as much as 25 percent.

In addition, GEAE is developing component technology for the F414 Enhanced Durability Engine (F414 EDE) that reduces life-cycle costs while maintaining current performance.