(Reuters) -RTX’s Pratt & Whitney has been awarded a $2.8 billion contract action for production of its F135 engines, the company said on Tuesday. The contract will fund production of the engines that power Lockheed Martin’s F-35 jets for U.S. and international customers. Pratt & Whitney has so far delivered over 1,300 F135 production engines […]
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RTX’s Pratt & Whitney secures $2.8 billion contract for F135 engines
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(Reuters) -RTX’s Pratt & Whitney has been awarded a $2.8 billion contract action for production of its F135 engines, the company said on Tuesday.
The contract will fund production of the engines that power Lockheed Martin’s F-35 jets for U.S. and international customers.
Pratt & Whitney has so far delivered over 1,300 F135 production engines to the U.S. and allied nations.
RTX’s shares rose 1.2% in early trading, while Lockheed was up about 1.7%.
(Reporting by Utkarsh Shetti in Bengaluru; Editing by Leroy Leo)