GE To Fund Alternative Fighter Jet Engine Work

Law360, New York (May 6, 2011, 6:13 PM EDT) -- General Electric Co. said Thursday it would put up its own money to develop an alternate engine for the military’s F-35 joint strike fighter, following the government’s decision to kill funding for the project.

GE’s Fighter Engine Team — which is partnering with Rolls-Royce PLC on the project — said in a statement that it would bear all costs to continue work on the F136 engine, free of any financial commitment from the government from 2012 on.

The U.S. Department of Defense in March decided to...
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