Pratt & Whitney to cut cost of F-35 engine: Reuters

|By:, SA News Editor

United Technologies' (UTX +1.2%) Pratt & Whitney unit is engaged in a "war on costs" and as part of the battle, the company plans to cut the cost of the F135 engines that power Lockheed Martin's (LMT +1%) F-35 by "at least 2.5%," Reuters says.

The F-35 has been besieged by cost concerns for quite some time. (More here)