P&W Wins $5.7 Billion for 332 F-35 Engines

Pratt & Whitney has won a $5.7 billion contract for 332 F135 engines that powers the F-35 stealth jet.

“Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), today announced that it has been awarded a production contract for the 12th and 13th lots of F135 propulsion systems, powering all three variants of the F-35 Lightning II aircraft,” the company said in a statement Wednesday.

This award represents the largest-ever F135 production contract, funding more than 332 engines for the US armed services and international customers, and includes program management, engineering support, production support, and tooling. The total contract value for Lot 12-14 is approximately $5.7 billion and it covers all Lot 12 and Lot 13 engines, with priced options for Lot 14.

On Tuesday, the pentagon announced it awarded the engine-maker $2.2 billion for 183 F135 engines and related support. P&W was contracted for 233 F-35 engines valued at $3.24 billion this June.