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GE To Fund F136 As DoD Orders Stop-Work

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By Marina Malenic General Electric [GE] will self-fund development work on a second engine for the F-35 Joint Strike Fighter despite a stop-work order issued by the Defense Department yesterday, the company said. The Pentagon issued a stop-work order to GE and industry partner Rolls-Royce [RR], calling their F136 engine "a waste of taxpayer money that can be used to fund higher departmental priorities." President Barack Obama and Defense Secretary Robert Gates have been singling out the program as an…

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