Honeywell/United Tech Venture Protesting U.S. Army Contract Decision
February 19 2019 - 12:57PM
Dow Jones News
By Chris Wack
The Advanced Turbine Engine Co., or ATEC, said Tuesday that it
has protested the U.S. Army's decision to award General Electric
Co. (GE) an engineering and manufacturing development contract for
its next generation of Black Hawk and Apache helicopter
engines.
Huntsville, Ala.-based ATEC is a joint venture of Honeywell
International Inc. (HON) and Pratt & Whitney, a division of
United Technologies Corp. (UTX).
The company said in a release that the protest was filed Tuesday
with the Government Accountability Office.
The Army is seeking to re-engine its fleet of Black Hawk and
Apache helicopters, and the engine that is ultimately selected will
also power certain variants of the Army's Future Vertical Lift
family of advanced rotorcraft. ATEC was notified on Feb. 1 that it
wasn't selected for the engineering and manufacturing development
phase of the program.
"In our review of the evaluation, we clearly offered the best
value through a combination of a highly rated and technically
superior engine that was judged to be much lower risk, and believe
we did so significantly under the government's budget," ATEC
President Craig Madden said in prepared remarks.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 19, 2019 13:42 ET (18:42 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
GE Aerospace (NYSE:GE)
Historical Stock Chart
From Apr 2024 to May 2024
GE Aerospace (NYSE:GE)
Historical Stock Chart
From May 2023 to May 2024