GE's engine victory
The duel was as fierce as an aerial battle. On one side was United Technologies' Pratt & Whitney unit, long the sole source of jet engines for the F-15 and F16, the Air Force's two top fighters. On the other was General Electric, which has been struggling to win some of that lucrative business. At issue was one of the biggest defense prizes ever: a long-term contract to build more than 2,000 engines for the F-15 and F16. The award could ultimately be worth $17 billion over the 20-year life of...
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