Dayton
Business Journal...
GE
cuts funding for F-35 fighter jet
engine
Friday, December 2, 2011
General
Electric and Rolls-Royce will
cut off funding for development of the F136 engine designed to be an
alternate
for the F-35 Joint Strike Fighter.
The
decision, reached jointly by GE
Aviation and Rolls-Royce, is a result of continued uncertainty in the
development and production schedules of the joint strike fighter
program.
“GE
and Rolls-Royce are proud of our
technology advancements and accomplishments on the F136,” Dan
McCormick,
president of the FET, said in a news release. “However, difficult
circumstances
are converging that impact the potential benefit of a self-funded
development
effort.”
The
Department of Defense terminated
the program this past April, with the F136 engine development about 80
percent
complete. GE Rolls-Royce FET had offered to self-fund development
through 2012,
but will now end its development work.
A
rival group lead by United
Technologies Corp. and Pratt & Whitney make the current F-35
engine.
Lockheed
Martin Corp. (NYSE: LMT) is
developing the F-35 with Northrop Grumman Corp. (NYSE: NOC) and BAE
Systems,
all three of which have operations in the Dayton region that support
Wright-Patterson Air Force Base
.
The
Dayton region is closely tied to
the F-35 program through Wright-Patt as well as through local companies
doing
work on the program. Vector Composites Inc. in Dayton has a contract to
supply
parts to the F-35.
Many
of the high-profile acquisitions
projects are handled out of Wright-Patt, which has operations that
support such
projects as the F-35 and the F-22.
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