Author: Jane Edwards|| Date Published: January 19, 2016
A United Technologies Corp. (NYSE: UTX) subsidiary has reached an agreement with the Defense Department to produce lots 9 and 10 of F135 engines for the Lockheed Martin-built (NYSE: LMT) F-35 Lightning II aircraft.
Pratt & Whitney will build 167 F135 low-rate initial production propulsion engines for the three F-35 variants and provide spare parts, modules, engineering, production non-recurring and program management support under two LRIP contracts, the subsidiary said Friday.
Pratt & Whitney will announce the value of the LRIP contracts once its transaction with DoD is finalized.
According to the new agreement, LRIP engine prices for lots 9 and 10 of carrier variant and conventional takeoff and landing aircraft are 3.4 percent less than the previous LRIP 8 negotiated price.
Pratt & Whitney added that negotiated unit prices for lots 9 and 10 of short takeoff and vertical landing propulsion engines are 6.4 percent lower than LRIP 8.
The UTC subsidiary said it will start to deliver LRIP 9 propulsion systems this year followed by LRIP 10 engines in 2017.
Redhawk Federal Solutions has acquired Twenty8 Technology to expand its data interoperability and artificial intelligence and machine learning engineering capabilities.…
Antenna Research Associates has appointed Jay Abendroth, a seasoned defense electronics executive, as chief growth officer to lead business development…
Precise Systems has appointed Michael “Mike” Risik as vice president of business development. The Lexington Park, Maryland-based company said Wednesday Risik will…
A United Technologies Corp. (NYSE: UTX) subsidiary has reached an agreement with the Defense Department to produce lots 9 and 10 of F135 engines for the Lockheed Martin-built (NYSE: LMT) F-35 Lightning II aircraft.
