GE received a $4.36-million Air Force contract.
- Share via
Although still facing a general freeze on obtaining new Pentagon contracts because of a federal indictment, General Electric was awarded the Air Force contract under an exception for “national security reasons.” Another company in which GE holds a partnership interest, CFM International of Cincinnati, was also awarded a $422.9-million contract because the Air Force said the suspension of GE “pertains only to General Electric and its wholly owned subsidiaries.” In another development, an Air Force official who asked not to be identified disclosed that Air Force Secretary Verne Orr will meet Monday with GE Chairman John F. Welch to discuss the contract suspension.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.