Raytheon Technologies Contract with Pratt and Whitney

Raytheon Technologies (NYSE: RTX) Corp’s Pratt and Whitney Military Engines, based in East Hartford, Connecticut, has secured a substantial contract modification valued at up to $1.3 billion to support the F-35 Lightning II aircraft's propulsion systems. The contract (P00062) amends a prior agreement (N0001921C0011), extending services such as depot level maintenance, repair, and various forms of management support for the F135 engines that power the advanced fighter jets.

Contract Details

This contract option covers a range of activities, including:
– Program and financial management
– Propulsion integration
– Spare parts procurement
– Engineering
– Material and product management
– Software maintenance
– Security
– Technical data updates
– Support equipment management
– Training for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-U.S. Department of Defense participants.

Work Distribution

The work is set to be distributed across several locations:
– East Hartford, Connecticut: 40%
– Oklahoma City, Oklahoma: 21%
– Indianapolis, Indiana: 12%

Additional work will occur across the United States and in countries such as Norway, the Netherlands, Japan, Australia, Italy, and the United Kingdom, reflecting the global reach of the F-35 program.

Project Timeline and Financing

The contract is projected to be completed by November 2025. It will be financed through a combination of fiscal 2025 operations and maintenance funds from the Air Force, Marine Corps, and Navy, alongside Foreign Military Sales funds and contributions from non-U.S. DOD participants. A total of $244,972,723 of the allocated funds will expire at the end of the current fiscal year.

Award Process

The contract was awarded by the Naval Air Systems Command, located in Patuxent River, Maryland, and it was not subject to a competitive bidding process. The F-35 program continues to be a critical component of defense strategies for the United States and its allies, and this contract represents a significant investment in the ongoing maintenance and support of one of the world's most sophisticated aircraft fleets.

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