GE, Rolls Royce JSF Partnership Receives Wide Coverage

May 6, 2011
Defense Drumbeat
During a speech at the Heritage Foundation today, the chairman of the House Armed Services Committee announced his support for a new and innovative approach to fund weapons procurement in tough fiscal times.

News of the partnership circulated quickly and below is some of the coverage from today’s announcement:

Bloomberg News: “House Chairman Says GE Will Fund F-35 Engine
Key Excerpt: General Electric Co. will self-fund development of its alternative engine for the F-35 Joint Strike Fighter in fiscal 2012, the chairman of the House Armed Services Committee said Thursday. “GE to US: We'll pay to develop engine
Key Excerpt: GE said the offer requires no appropriated government funding in fiscal year 2012, nor does it hinge upon any financial commitment from the government in 2013 or beyond.

BusinessWire: “Fighter Engine Team Funds JSF Engine Through FY 2012
Key Excerpt: The Fighter Engine Team believes that at a time of enormous fiscal stress, competition is essential to saving taxpayer dollars. The independent Government Accounting Office has estimated competition would save $20 billion over the life of the program.

Defense News: “GE, Rolls-Royce To Fund F-35 Alt-Engine in 2012
Key Excerpt: GE and Rolls Royce are aware of the current stresses on the defense budget and the taxpayer, so I am pleased to announce that instead of being part of the problem they have decided to be part of the solution.

Flightglobal: “Congress votes to rescue F136 from extinction
Key Excerpt: The House Armed Services Committee forwarded a fiscal year 2012 authorization bill on 3 May that triggers new engine competitions under two scenarios.

DOD Buzz: “HASC chair praises GE bid to self-fund F136
Key Excerpt: “I’m curious how protecting a monopoly for a program that will span decades and cost $400 billion is in the best interest of the taxpayer,” McKeon said Thursday in a speech at the conservative Heritage Foundation. “It sounds like the classic ‘penny wise, pound foolish’ purchasing strategy that has hounded the Pentagon for years.”

112th Congress