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Pratt & Whitney Gets $571M Navy Deal

United Technologies’ Pratt & Whitney received a $571.1 million contract boost for initial engine production for the Joint Strike Fighter, the Pentagon said Wednesday.

WASHINGTON (AP) -- United Technologies Corp.'s Pratt & Whitney received a $571.1 million contract boost for initial engine production for the Joint Strike Fighter, the Pentagon said Wednesday.

Pratt & Whitney's contract includes full funding for seven propulsion systems for the conventional takeoff and landing jets, one spare main engine and other parts. It also includes seven propulsion systems for the Marine Corps' variant, which can land vertically, as well as spare modules and parts.

The military engine maker will also make propulsion systems for the Royal Netherlands Air Force and the United Kingdom Navy, according to the Pentagon notice.

Shares of Hartford, Conn.-based United Technologies added $2.17, or 4.2 percent, to close at $53.75 in a broad market rally.

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