Nov. 17 (UPI) -- General Electric Aviation has been awarded a contract worth more than $143.4 million for the procurement of 22 low-rate initial production Lot 1 and 2 T408-GE-400 turboshaft engines for the CH-53K King Stallion helicopter.
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.