pratt-whitney-secures-194m-contract-for-lot-15-f-35-engine-production-materials

Pratt & Whitney Secures $194M Contract for Lot 15 F-35 Engine Production Materials

Jeff Brody

United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary has received a $193.8M contract from the U.S. Navy to obtain long lead materials needed to build additional F-35 propulsion systems.

The funds will support low-rate initial production of lot 15 F135 engines for fighter aircraft of the Navy, Air Force and Marine Corps as well as non-Department of Defense and foreign military sales customers, the DoD said Monday.

Pratt & Whitney is expected to finish contract work by December 2023.

F135, which is based on the F119-PW-100 engine, powers the conventional and short takeoff-and-landing and carrier-based variants of the fifth-generation combat aircraft.

Lockheed Martin (NYSE: LMT) secured a $172M advance acquisition contract in late 2019 to acquire long-lead materials and components for lot 15 F-35s.

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