GE Aerospace secures $5 billion U.S. Air Force contract

(Reuters) -GE Aerospace said on Friday it had secured a contract from the U.S. Air Force valued up to $5 billion.

The contract supports the U.S. government's foreign military sales program for F110-GE-129 engines, which power F-15 and F-16 fighter aircraft, the company said.

Under an indefinite delivery/indefinite quantity (IDIQ) contract, GE will deliver an unspecified number of F110 engines over a fixed period.

Earlier this month, the aerospace giant said it would invest nearly $1 billion in its U.S. factories and supply chain in 2025, in an effort to bolster its manufacturing process and enhance the implementation of new technologies and components.

(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Mohammed Safi Shamsi)

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