PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE and Rolls-Royce Propose Fixed Price Offer for F-35 Joint Strike Fighter Engine to Significantly Drive Down Costs - Offer to create and accelerate engine competition & change procurement process
GE and Rolls-Royce Propose Fixed Price Offer for F-35 Joint Strike Fighter Engine to Significantly Drive Down Costs

 

NewswireToday - /newswire/ - Evendale, OH, United States, 2010/04/27 - Offer to create and accelerate engine competition & change procurement process. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

General Electric Co. and Rolls-Royce today announced that they have offered to the Pentagon a fixed price offer on their F136 engine for the Joint Strike Fighter (JSF).

The offer intends to create and accelerate competition between the JSF program’s two engine suppliers, and to shift the risk of cost overruns from the government to defense contractors.

The offer could change the Government’s acquisition model for procuring approximately 150 F136 engines in the early years of the fighter program, allowing the Government to know immediately its costs over this period. Also, the approach is intended to drive lower pricing between the two competing engine suppliers.

With more than 70 percent of its development complete, the GE/Rolls-Royce F136 engine program is poised for flight-testing next year.

"Today, we are announcing a fixed-price offer for F136 engines purchased in 2012, followed by further price reductions for engines procured in each 2013 and 2014,” said David Joyce, president and CEO of GE Aviation. “We can create a competitive environment that will save the government $1 billion over the next five years, and $20 billion over the life of the JSF program."

"Funding the F136 engine means buying what's best for the U.S. armed forces and the U.S. taxpayer,” said Dan Korte, President – Defence, Rolls-Royce. “It means a vote for choice and a vote against a sole-source monopoly, which will raise prices and choke competition across the sector for generations to come. Competition works, and we are already seeing that in action.”

With this offer, GE and Rolls-Royce assume the risk of meeting or beating price targets for early production engines while creating a competitive behaviour to drive lower costs as the learning curve phase of production must be achieved earlier.

In response to cost overruns and schedule delays in major weapon programs, The Weapon Systems Acquisition Reform Act of 2009 was signed into law to mandate competition through the entire life of major defense programs -- including funding competing sources.

The F-35 Joint Strike Fighter (JSF) program creates the perfect opportunity -- a multi-role aircraft replacing numerous tactical fighter aircraft, with potential production for the U.S. Air Force, Navy, Marines and international customers to reach 5,000 to 6,000 aircraft over 30 years. Without competing engines for the fighter, a $100 billion monopoly will be handed to a single supplier.

The JSF engine program will ultimately reach $100 billion. Recently, the Government Accountability Office (GAO) anticipated a 20 percent benefit from a JSF engine competition, using the F-16 engine competition as a comparison. There are also vast benefits beyond sheer cost - related to operational readiness and contractor responsiveness.

The P&W F135 development is estimated to grow 50 percent beyond its original contract, from $4.8 billion to $7.3 billion, according to a recent report from the GAO, adding, "F135 engine development cost increases primarily resulted from higher costs for labor and materials, supplier problems, and the rework needed to correct deficiencies with an engine blade during re-design."

The F136 engine is a product of the best technology from two world-leading propulsion companies. The GE Rolls-Royce Fighter Engine Team has designed the only engine specifically developed for the F-35 aircraft, offering extra temperature margin and affordable growth. F136 engine development is being led at GE Aviation in Evendale, Ohio (Cincinnati suburb), Ohio; and at Rolls-Royce in Indianapolis, Indiana.

The F-35 is a 5th-generation, multi-role aircraft designed to replace the AV-8B Harrier, A-10, F-16, F/A-18 Hornet and the United Kingdom's Harrier GR.7 and Sea Harrier, all of which are currently powered by GE or Rolls-Royce. Potential F-35 production for the U.S. Air Force, Navy, Marines and international customers may reach as many as 5000 to 6000 aircraft over the next 30 years.

GE Aviation, an operating unit of General Electric Company (NYSE: GE), is a world-leading provider of commercial and military jet engines and components as well as integrated digital, electric power, and mechanical systems for aircraft. GE Aviation also has a global service network to support these offerings. For more information, visit us at ge.com/aviation/.

Press Contact:
George McLaren, Rolls Royce
P: +1 317 230 8260
E: george.h.mclaren[.]rolls-royce.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Aviation/Aerospace articles,
CATCH Visitors via Your Competitors Announcements!


GE and Rolls-Royce Propose Fixed Price Offer for F-35 Joint Strike Fighter Engine to Significantly Drive Down Costs

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Rick Kennedy - GE Aviation 
513-243-3372 rick.l.kennedy[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Aviation/Aerospace via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Aviation/Aerospace Most Recent Related Newswires:

Embraer Delivers its 1,300th E-Jet to Tianjin Airlines
Thales Alenia Space and SENER Begin their Business Alliance in Optical Payloads for Space Missions
Saab and Embraer Inaugurate the Gripen Design and Development Network in Brazil
AMES Launches New Nacelle and Aerostructure Repair, Overhaul Services Capabilities
Leonardo - SW-4 ‘Solo' Rotary Wing Unmanned Air Vehicle and Advanced Airborne Sensors at Unmanned Warrior 2016
Embraer Signs Agreements with United Airlines and Republic Airways
GE Assigned Maintenance Role for Systems on F-35 Aircraft in Australia
Frost & Sullivan Commends Airbus DS Communications for Adding High Value to the NG911 Market with its VESTA® Solution Suite
Thales Alenia Space Completes the Acquisition of RUAG’s Opto-electronics Business Line
Thales to Equip Avionics Systems on China Southern Newest Boeing 737 Fleet
Thales to Equip Avionics Systems on 180 Newest China Eastern Single Aisle Boeing and Airbus
Leonardo Wins Contract in China to Provide Air Traffic Control Radars
Safran's Silvercrest Engine Selected by Cessna to Power its New Citation Hemisphere Large-cabin Business Jet
Leonardo Announces Contract with Airbus for the New A321 Fuselage
Thales will Provide AVANT IFE Solution for Emirates Boeing 777X Fleet

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)