tushar
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Not that GE Aviation’s military engine business needed any more bad news, but India has decided to eliminate two U.S. contenders from a hotly contested $11 billion competition to supply 126 multipurpose fighter planes, according to this article in the Financial Times.
Boeing’s F/A-18 Super Hornet and Lockheed Martin’s F-16 Super Viper – both of which are powered by GE (NYSE: GE) engines – lost out to two European planes that are still under consideration by the Indian military.
The French-made Dassault Rafale is powered by an engine from Snecma, GE’s French partner in their Evendale-based CFM International Inc. joint venture. The Eurofighter, made by a British-German-Italian consortium, is equipped with a Eurojet powerplant that’s based on a Rolls-Royce engine.
GE had already suffered two setbacks on major U.S. military contracts this year. It recently lost federal funding for its F136 engine that was being developed with Rolls-Royce for the F-35 Joint Strike Fighter. Earlier the Pentagon decided to replace its aging fleet of in-flight refueling tankers with a plane made by Boeing that’s powered by engines from Pratt & Whitney. A competing proposal from Europe’s EADS had offered an Airbus tanker with GE engines.
GE’s setback in India follows a contract win last year when it picked up an engine order for 99 Indian-made Tejas light combat aircraft. The F414 engines its supplying for that plane are the same ones that power F/A-18 fighters. Eurojet had also been in competition for the Tejas order.
Indian attempts to develop its own engine for the Tejas aircraft had run into numerous technical problems. The contract with GE calls for GE to supply American-made engines initially and for later engines to be made in India.
http://www.bizjournals.com/cincinnati/blog/2011/04/ges-military-engine-business-takes.html?ana=twt
Boeing’s F/A-18 Super Hornet and Lockheed Martin’s F-16 Super Viper – both of which are powered by GE (NYSE: GE) engines – lost out to two European planes that are still under consideration by the Indian military.
The French-made Dassault Rafale is powered by an engine from Snecma, GE’s French partner in their Evendale-based CFM International Inc. joint venture. The Eurofighter, made by a British-German-Italian consortium, is equipped with a Eurojet powerplant that’s based on a Rolls-Royce engine.
GE had already suffered two setbacks on major U.S. military contracts this year. It recently lost federal funding for its F136 engine that was being developed with Rolls-Royce for the F-35 Joint Strike Fighter. Earlier the Pentagon decided to replace its aging fleet of in-flight refueling tankers with a plane made by Boeing that’s powered by engines from Pratt & Whitney. A competing proposal from Europe’s EADS had offered an Airbus tanker with GE engines.
GE’s setback in India follows a contract win last year when it picked up an engine order for 99 Indian-made Tejas light combat aircraft. The F414 engines its supplying for that plane are the same ones that power F/A-18 fighters. Eurojet had also been in competition for the Tejas order.
Indian attempts to develop its own engine for the Tejas aircraft had run into numerous technical problems. The contract with GE calls for GE to supply American-made engines initially and for later engines to be made in India.
http://www.bizjournals.com/cincinnati/blog/2011/04/ges-military-engine-business-takes.html?ana=twt
