The Air Force has awarded General Electric a contract with a maximum potential worth of $185 million to continue developmental work that holds the potential of vastly improving the performance of turbine engines, the Department of Defense announced Nov. 3. Under the terms of the deal, GE will move into phase II of the Air Force Research Lab-led versatile affordable advanced turbine engines program that aims to mature revolutionary and innovative technologies by around 2017 that will enable an order of magnitude increase in affordable turbine propulsion compared to state-of the-art technology from 2000. GE will execute “some smaller efforts” for VAATE phase III under this deal, DOD said. VAATE-derived engines are envisioned for future strike aircraft and missiles as well as sensor platforms and reusable space-access vehicles. Just last week, the Air Force announced a contract award to Lockheed Martin for VAATE phase II and phase III work.
Lockheed Martin projects more than a billion dollars of losses on a classified program, but company officials said April 23 they are confident it will turn profitable by 2028 and become a "franchise" system in the U.S. military.