© Reuters. A logo of Honeywell is pictured on their booth during EBACE in Geneva

(Reuters) – A joint venture of Honeywell International Inc (NYSE:) and Pratt & Whitney on Tuesday protested the U.S. Army’s decision to award General Electric (NYSE:) Co a contract for new Black Hawk and Apache (NYSE:) helicopter engines.

The protest was filed by the joint venture Advanced Turbine Engine Company (ATEC) with the Government Accountability Office (GAO), the engine maker said in a statement.

“In our review of the evaluation, we clearly offered the best value through a combination of a highly rated and technically superior engine that was judged to be much lower risk, and believe we did so significantly under the government’s budget,” ATEC President Craig Madden said.

The contract was for engineering and manufacturing of new Black Hawk and Apache helicopter engines.

GE did not immediately respond to requests for comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link