The GE-Rolls-Royce team fighting to build an alternate engine for the F-35 Joint Strike Fighter has offered the Pentagon a fixed-price deal for its F136 power plant beginning in 2012, company officials announced today. The engine team has also offered the Defense Department a lower price on 150 of its early production engines in 2013 and 2014. Senior industry officials from GE and Rolls-Royce believe these actions will help lower the cost of both F-35 engine programs by $1 billion...
