GE won jet engine contracts worth $361 million.

The Hellenic Air Force of Greece placed a $200-million order for General Electric’s F110-GE-100 engines to power 40 General Dynamics F-16C/D fighters. The sale covers engines, support equipment, and spare parts, and could eventually total almost $300 million if the Greeks exercise an option to buy an additional 20 F-16C/Ds powered by the F110. In another development, GE received a $161 million U.S. Air Force contract for full-scale development and qualification of an advanced version of the F110 engine as a potential power plant for future F-16 and F-15 aircraft.