The deal, announced Thursday by the Department of Defense, is under a firm-fixed-price, cost-plus-fixed-fee contract, meaning that the $143.4 million is the maximum amount the U.S. government will pay out for the procurement of the helicopter engines. General Electric Aviation could, however, be reimbursed for potential costs accumulated under other contract clause funds.
Pentagon officials say the contract with General Electric Aviation will include "associated engine and programmatic support, logistics support, peculiar support equipment, and spares."
Work on the contract will be performed in Lynn, Mass., and is expected to be completed in July 2021.
U.S. Navy aircraft procurement funds from fiscal years 2017 and 2018 in the amount of more than $143.4 million will be obligated at time of award, with none of the funds expiring at the end of the current fiscal year.
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