Pratt & Whitney Awarded $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 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.