UTX subsidiary Pratt & Whitney reaches a $1B deal with the Pentagon for its F-35 engine

United Technologies (UTX +0.1%) subsidiary Pratt & Whitney has reportedly reached a deal worth more than $1B with the Pentagon to build 39 engines for a sixth batch of F-35 Joint Strike Fighters.

The Pentagon agreed to buy the jets, excluding the engines, from Lockheed Martin (LMT -0.1%) in July. It buys the engines separately from Pratt & Whitney, which is the sole producer of engines for the radar-evading warplane.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs