The U.S. Air Force has awarded $4.9 billion in contracts to five companies for the development of an adaptive engine prototype to power its next-generation fighter jet.
The indefinite-delivery/indefinite-quantity contracts announced August 19 by the U.S. Department of Defense were awarded to General Electric Aviation (NYSE: GE), Pratt & Whitney Engines (NYSE: RTX), Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), and Northrop Grumman (NYSE: NOC).
