Pratt & Whitney Awarded USD 194M F135 Long-Lead Production Contract
The U.S. Department of Defense has awarded Pratt & Whitney a $194,097,296 long-lead production contract for F135 engines to power the F-35 Lightning II. The low rate initial production (LRIP) contract covers long-lead materials for the sixth lot of F135 engines, and provides Pratt & Whitney the ability to start procuring long-lead items for production engines. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.
"This contract allows Pratt & Whitney to acquire raw material and begin production of F135 engine parts to support our customers and meet the F-35 production schedule," said Chris Flynn, vice president, Pratt & Whitney F135/F119 Engine Programs. "This is the first production contract to include two of our key international partners and customers – the Italian Air Force and the Royal Australian Air Force – and we look forward to supporting them by providing the most advanced fifth generation fighter engine in the world."
Global Military Aircraft Avionics Market 2015-2019
The sixth lot calls for 37 install engines, including 18 conventional take-off and landing (CTOL) engines for the U.S. Air Force; seven carrier variant (CV) engines for the U.S. Navy; six short take-off and vertical landing (STOVL) propulsion systems for the U.S. Marine Corps; four CTOL engines for the Italian Air Force; and two CTOL engines for The Royal Australian Air Force. The main engines deliveries in LRIP 6 are slated to begin in June 2013.
Source : Pratt & Whitney, A United Technologies Company (NYSE:UTX)
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