United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a $167.5 million contract to fund long-lead engine materials needed for the low-rate initial production of lot 11 F-35s.
Pratt & Whitney will supply 48 F135-PW-100 fighter engines for the U.S. Air Force, four F135-PW-100s for the U.S. Navy and 14 F135-PW-600s for the U.S. Marine Corps, the Defense Department said Tuesday.
The advance acquisition contract was awarded by the Navy and also includes long-lead components, parts and items for three F135-PW-600 and 41 F135-PW-100 propulsion systems for international partners and customers under the department’s foreign military sales program.
DoD said the full obligated amount at the time of award is from fiscal 2016 Air Force, Navy, Marine Corps aircraft procurement, international partner and FMS funds.
Lockheed Martin (NYSE: LMT) will build and deliver a total of lot 11 LRIP F-35 planes to the three military branches under a $1.3 billion contract modification the Navy awarded in May.
F135 is the derivative of Pratt & Whitney’s F119-PW-100 turbofan engine that powers the Air Force’s F-22 Raptor aircraft.
