Pratt & Whitney Awarded Contract for F135 Engine Production Worth Up To $1.12B

The U.S. Department of Defense has awarded Pratt & Whitney an undefinitized contract award (UCA) not to exceed $1,122,306,649 for F135 production engines to power the F-35 Lightning II. Pratt & Whitney and the DoD have reached a tentative agreement on key terms for the low rate initial production (LRIP) 5 contract which contains fixed-price and cost-plus incentive fee elements. A total of $358,597,078 is being obligated at time of award, in addition to the $138,800,000 obligated in 2011 for advanced acquisition materials. This LRIP contract includes production engines, spare parts, program management, engineering support for production, sustainment and field support for the F135 engines.

The fifth lot of engines includes 21 conventional take-off and landing (CTOL) engines for the U.S. Air Force; six carrier variant (CV) engines for the U.S. Navy; and three short take-off and vertical landing (STOVL) propulsion systems for the U.S. Marine Corps. The engines in LRIP 5 will support the U.S. Services with main engine deliveries slated to begin in late-2012.

Click here to read Pratt & Whitney's press release.

Coverage:

• Pratt & Whitney Wins New JSF Contract Worth Up To $1.1 Billion (Hartford Courant)
• United Technologies Scores a Billion Dollar Contract (Wall Street Cheat Sheet)
• United Technologies Unit Awarded Department of Defense Contract Valued at Up to $1.12 Billion (Financial News Network)
• Pratt & Whitney Awarded $1 Billion Engine Deal for F-35 (Aviation Today)