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GE Awarded NAVAIR Engine Overhaul Contract

June 2, 2009

Lynn, Mass. -- Naval Air Systems Command (NAVAIR) has awarded GE Aviation a contract to overhaul up to 757 T700-401/401C engines, cold section modules and power turbine modules for the SH-60 helicopter over the next five years. The overhauls will be performed at GE's Engine Services operation in Strother, Kansas.

The initial year of the fixed-price contract covers 97 engines/modules and is valued at $11,361,435. Terms of the contract provide for up to four additional option years and, if completely exercised, the estimated total value could top $100 million.

"We understand the significant role the T700 engine serves in our military," said GE Strategic Customer Program Leader Mike Talbert. "We're committed to providing comprehensive and timely overhauls that will ensure ongoing fleet readiness and superiority."

The T700-401/401C is the 1,700-1,890 shaft-horsepower engine variant powering the twin-engine Sikorsky SH-60B/F and H Seahawk models. In addition, the T700-401C also powers the Sikorsky MH-60R/S and Bell UH-1Y and AH-1Z helicopters.

GE's successful T700/CT7 family of turboprop and turboshaft engines currently powers 25 types of helicopters and fixed-wing aircraft in service with more than 130 customers in more than 50 countries.

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.



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