Hello, Guest!
  • Saturday, November 23, 2024

Pratt & Whitney Awarded $762M Navy Contract Modification for Lot 14 F135 Propulsion Systems


Jeff Brody

The U.S. Navy has awarded United Technologies Corp.™s (NYSE: UTX) Pratt & Whitney subsidiary a potential $762.5M contract modification to produce and deliver lot 14 F135 propulsion systems.

The modification exercises an option in a previously awarded contract and includes the production of 48 F135-PW-100 engines for the U.S. Air Force and 10 F135-PW-600 units for the U.S. Marine Corps, the Department of Defense said Thursday.

The contractor will perform at least 85 percent of the work in Hartford, Conn., and the rest in Indianapolis and the U.K. through April 2022.

Naval Air Systems Command will obligate the full contract amount using Air Force and Marine Corps aircraft procurement funds for fiscal 2020 at the time of award.

Video of the Day

Related Articles

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted Financial Reports

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted

RTX (NYSE: RTX) has reported first quarter 2024 sales of $19.3 billion, a 12 percent increase from the prior-year period, and posted GAAP earnings per share of $1.28, up 32 percent compared to the previous year. In an earnings statement published Tuesday, RTX said it recorded $1.3 billion in gross proceeds from the divestiture of

State Department OKs Greece’s $8.6B F-35 CTOL Aircraft FMS Request News-comment

State Department OKs Greece’s $8.6B F-35 CTOL Aircraft FMS Request

The State Department has approved a potential $8.6 billion foreign military sale of F-35 conventional takeoff and landing aircraft and related equipment to the government of Greece. Lockheed Martin's (NYSE: LMT) aeronautics business and RTX's (NYSE: RTX) Pratt & Whitney subsidiary will serve as principal contractors on the proposed deal that covers 40 F-35 CTOL units and 42 F135-PW-100 engines.

RTX Posts 10% Increase in Q4 2023 Revenue; Christopher Calio on Backlog Growth, Pursuit of New Work Financial Reports

RTX Posts 10% Increase in Q4 2023 Revenue; Christopher Calio on Backlog Growth, Pursuit of New Work

RTX (NYSE: RTX) saw its fiscal 2023 fourth-quarter sales rise 10 percent to $19.9 billion and recorded a total backlog of $196 billion at the end of the quarter with the defense segment accounting for $78 billion of that backlog.