Investing.com -- GE Aerospace has successfully won a contract with the U.S. Air Force, a deal that could be worth up to $5 billion.

According to the company, the contract is an indefinite delivery, indefinite quantity agreement, which allows GE Aerospace to manufacture engines for the Air Force. The engines in question are specifically the F110-GE-129 models, which are used to power F-15 and F-16 aircrafts.

The contract is also designed to support foreign military sales. As part of the deal, GE Aerospace will be collaborating with the Air Force to provide engines, spare parts, and services to operators in allied nations.

The company has expressed its commitment to deliver on this agreement, which will support both the Air Force and its international allies.

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