Raytheon's Pratt & Whitney Bags LATAM Airlines Contract To Power Additional A320neo Aircraft - RTX (NYSE:RTX)

Raytheon Technologies Corp's RTX subsidiary Pratt & Whitney won a contract from LATAM Airlines Group SA LTMAY for an undisclosed amount.
LATAM Airlines has selected Pratt & Whitney's GTF engines to power its additional A320neo family aircraft.
The new contract added to LATAM Airlines's initial order of GTF engines powering over 40 aircraft in 2013.
With the deal, Pratt & Whitney will cater to 146 aircraft. This also includes offering engine maintenance service through a long-term EngineWise Comprehensive service agreement.
"Our relationship with LATAM, including their predecessor LAN Airlines, dates back more than seven decades with the Twin Wasp engine on Douglas DC-3 aircraft. GTF engines are already delivering exceptional economic and sustainability benefits to LATAM and we look forward to providing even greater value in the years to come," said Rick Deurloo, Commercial Engines president at Pratt & Whitney.
Also Read: Embraer's Orders Unaffected By Issues With Pratt & Whitney Engines: Report
Price Action: RTX shares are trading higher by 0.02% at $96.10 premarket on the last check Monday.
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