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Air Force

Pentagon Awards Raytheon’s Pratt & Whitney $2 Billion Contract for F135 Engines

Frank Wolfe

Monday, June 5th, 2023

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Pentagon Awards Raytheon’s Pratt & Whitney $2 Billion Contract for F135 Engines

A U.S. Air Force F-35A Lightning II assigned to the 354th Fighter Wing at Eielson AFB, Alaska takes off during the Arctic Gold 23-2 exercise at Joint Base Elmendorf-Richardson, Alaska on April 18 (U.S. Air Force Photo)

The Pentagon has awarded Raytheon Technologies' [RTX] Pratt & Whitney a more than $2 billion contract for F135 engines in Lot 17 of the Lockheed Martin [LMT] F-35 fighter buy, DoD said on June 5. Work is expected to finish in December, 2025. Of the fiscal 2023 amount, more than $645 million is U.S. Navy funding, nearly $528 million is U.S. Air Force, while non-U.S. DoD participant funding is about $418 million and foreign military sales funding is about $401…

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