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