The U.S. State Department said on Friday it has approved the potential sale of 18 CH-53K heavy lift helicopters to Israel in a deal valued at up to $3.4 billion. The package would include engines, navigation systems, weaponry, support equipment, spares and technical support. Lockheed Martin Corp and General Electric Co are the prime contractors… Read More U.S. approves sale of heavy lift helicopters to Israel
General Electric Aviation, a unit of General Electric Co, has been awarded a $517 million U.S. Army contract for the engineering and manufacturing development phase of the Improved Turbine Engine Program, the Pentagon said on Friday.
Brazilian police arrested a senior General Electric Co executive on Wednesday, as part of a sprawling investigation into fraud in medical equipment tenders overseen by health authorities in the state of Rio de Janeiro, police and prosecutors said. In addition to the arrest of GE’s chief executive for Latin America, Daurio Speranzini Jr., prosecutors said… Read More Brazilian police arrest General Electric’s Latin America chief executive, several others in fraud probe