United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney subsidiary has received a $193.8M contract from the U.S. Navy to obtain long lead materialsĀ needed to build additional F-35 propulsion systems.
The funds will supportĀ low-rate initial production of lot 15 F135 enginesĀ for fighter aircraft ofĀ 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 workĀ by December 2023.
F135, whichĀ is based on theĀ F119-PW-100 engine, powers theĀ conventional and short takeoff-and-landing and carrier-based variants of the fifth-generation combat aircraft.
Lockheed Martin (NYSE: LMT) secured a $172MĀ advance acquisitionĀ contract in late 2019Ā to acquire long-lead materials and components for lot 15 F-35s.