Reported Earlier, Pratt & Whitney Secures $1.3B Contract for F-35 Engine Upgrade
Portfolio Pulse from Benzinga Newsdesk
Pratt & Whitney, a business under RTX, has secured a $1.3 billion contract for the F135 Engine Core Upgrade, enhancing the F-35 engine's durability and capabilities.
October 01, 2024 | 7:23 am
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RTX's subsidiary, Pratt & Whitney, has secured a significant $1.3 billion contract for upgrading the F135 engine, which is expected to enhance the engine's durability and capabilities for the F-35. This contract could positively impact RTX's revenue and market position in the defense sector.
The $1.3 billion contract is a substantial addition to RTX's business, likely leading to increased revenues and strengthening its position in the defense sector. The focus on enhancing engine durability and capabilities aligns with strategic defense needs, making this a significant development for RTX.
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