General Electric Awarded $2.87 Billion Navy Contract

MT newswire2026/09/01 21:34

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05:34 PM EDT, 09/01/2026 (MT Newswires) -- General Electric (GE) is being awarded $2.87 billion for a not-to-exceed ceiling-price performance-based logistics contract to provide logistics support for 17 F414 engine components used in the Navy's F/A-18 E/F/G aircraft, the US Department of Defense said Tuesday. This is a five-year base contract with no option periods and is expected to be completed in August 2031, according to a statement.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41