Following over a year of talks, United Technologies (UTX) unit Pratt & Whitney has...

|About: United Technologies Corpo... (UTX)|By:, SA News Editor

Following over a year of talks, United Technologies (UTX) unit Pratt & Whitney has reportedly finalized a contract to supply 32 engines for the fifth batch of F-35 Joint Strike Fighters. A preliminary deal in December 2011 was worth $1.12B and was for 30 engines, with the final value of the agreement appearing to be just over $1B. Pratt hopes to secure an initial contract for the sixth set of jets in the coming weeks.