Immelt and Obama at Odds

GE finds itself on wrong side of Obama's defense agenda
For more than a year, General Electric has been notable among U.S. corporations for enjoying generally friendly relations with the White House. The company was broadly supportive of President Obama's stimulus efforts, and its chairman, Jeffrey Immelt, sits on a White House economic advisory board.
But now the White House and GE are clashing publicly over a fighter-jet engine -- built by the company and its British partner, Rolls-Royce -- that has been on the Pentagon's chopping block for years, only to be rescued repeatedly by Congress. The issue is poised to come to a head Tuesday during a House subcommittee markup for the annual defense appropriations bill, which Obama has threatened to veto if it has the $485 million for the engine.
GE -- whose financing arm received billions of dollars in federal bailout funds -- has launched a furious lobbying and media effort in recent months aimed at securing funding for the engine, which would serve as an alternate for Lockheed Martin's F-35 Joint Strike Fighter. Pratt & Whitney, the Pentagon's choice for developing an F-35 engine, has fired back with a lobbying and advertising campaign of its own.

Recent Press Releases: GE Energy, GE Healthcare, GE Energy Financial Services, NBC, GE Aviation, and GE Fanuc

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Recent GE Aviation News

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- Fighter engine project no sure thing for GE Aviation (Business Courier)

- GE Aviation wins $250M order (Business Courier)

- Interview With Catherine Gridley, GE Aviation (Aviation Week)

- Air India selects GE Aviation's GE90-115B engines to power Boeing 777-200LR (India Aviation)

- Greener engines good for business at GE (The Cincinnati Post)

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- Rolls-Royce engine certified for Boeing's 787 (Reuters)

- House committee approves F136 engine funding (Business Courier)