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GE Aerospace (NYSE: GE) announced an Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the U.S. Air Force valued up to $5 billion.

Officials said the contract supports Foreign Military Sales (FMS) for F110-GE-129 engines, which power F-15 and F-16 aircraft operated by allied nations worldwide.

In February, Lockheed Martin (NYSE: LMT) announced the delivery of the first F-16 Block 70 jet to Bulgaria, marking a major step forward in the country's efforts to modernize its air force. 

The delivery was celebrated in a ceremony in Greenville, South Carolina, attended by Bulgaria's Minister of Defense, Atanas Zapryanov, alongside American and Bulgarian leaders.

F-16s are built by Lockheed Martin in Greenville. Bulgaria has ordered 16 total aircraft.  

The GE Aerospace F110 engine has more than 11 million flight hours under its wing, the most thrust in its class, and recently celebrated a milestone of 40 years of continuous production and improvement.

Through this latest agreement, GE Aerospace reaffirms its commitment to supporting U.S. Air Force partnerships and enabling operational readiness for F-15 and F-16 platforms globally. 

“We are honored to reach this agreement with the U.S. Air Force, ensuring the F110-GE-129 remains the engine of choice for the world’s F-15 and F-16 fleets,” said Amy Gowder, president and CEO, Defense & Systems at GE Aerospace. 

Gowder added, “This contract underscores the enduring trust in the F110’s performance, reliability, and value for our customers and their critical missions.” 

As part of this latest contract, GE Aerospace will collaborate closely with the U.S. Air Force to deliver engines, spares, and associated services that meet the evolving needs of allied operators.