India eliminates U.S. firms in $11 billion fighter jet deal

A decision by India to eliminate Boeing Co. and Lockheed Martin from the highly sought-after $11 billion fighter jet deal competition has cost GE Aviation a much-needed slate of orders for its jet engines. GE Aviation, which has 300 employees at a facility in Vandalia, was expecting a big payday if either U.S. competitors would have been awarded the contract to supply 126 multipurpose fighter planes, according to this article in the Financial Times.

See the full article at bizjournals.com