Pratt & Whitney, a Raytheon Technologies business, announced that it has been awarded a $5.2B contract to support production of the 15th and 16th lots of F135 engines, with an option to award a 17th Lot, powering all three variants of the F-35 Lightning II fighter aircraft. The Lots 15-17 production contract funds production of 278 F135 engines with an option to order up to a total of 518 engines. The contract also includes program management, engineering support, production support and tooling. The total contract value for lots 15-17, with exercised options, is approximately $8B and will fund over 418 F135 engines with options for the U.S. as well as international customers.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on RTX:
- Raytheon Technologies awarded $250M contract
- Raytheon Technologies awarded $219.87M Army contract modification
- Lilium, Collins Aerospace partner to build Innovative Inceptor System
- Raytheon Technologies Stock (NYSE:RTX) is Enticing after Biden’s Ukraine Visit
- F-35 re-engining an underappreciated opportunity for GE, says BofA