UTX United Technologies Corporation

   By Josh Beckerman 
 

General Electric Co.'s (GE) aviation business received a $517.4 million U.S. Army contract for the engineering and manufacturing development phase of the Improved Turbine Engine Program, the Defense Department said Friday.

A joint venture between Honeywell International Inc. (HON) and United Technologies Corp.'s (UTX) Pratt & Whitney said it was "disappointed" with the decision. The venture, Advanced Turbine Engine Co., was seeking to supply dual-spool T900 helicopter engines.

GE's entry was the T901 engine. The Defense Department said the GE work will be performed in Lynn, Mass., with an estimated completion date of Aug. 1, 2024.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

February 01, 2019 20:03 ET (01:03 GMT)

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