Pratt & Whitney Gets $571M Military Deal

Jet engine maker, a subsidiary of United Technologies Corp., said Wednesday it has received a $571 million Defense Department contract to produce and maintain F135 engines.

Jul 22nd, 2009

EAST HARTFORD, Conn. (AP) -- Jet engine maker Pratt & Whitney, a subsidiary of United Technologies Corp., said Wednesday it has received a $571 million Defense Department contract to produce and maintain F135 engines.

The contract for the engines that will be used on the F-35 Lightning II covers production, maintenance, spare parts and engineering support. It includes 10 take-off and landing and 11 short-takeoff and vertical-landing engines.

Pratt & Whitney, based in East Hartford, Conn., also said it has received a $113 million contract to purchase materials used for the manufacture of 32 F135 engines.

The announcement was made a day after the U.S. Senate voted to terminate further production of the Air Force's topline F-22 fighter jets. Engines for those jets were to be made by Pratt & Whitney.

Shares of United Technologies added 9 cents to $54.06 in afternoon trading.

4 CFOs Who Are Doing it Right

4 CFOs Who Are Doing it Right

Successful CFOs don't have super powers, just powerful new tools, like self-driving software and blockchain. This white paper discusses the new tools and provides four CFOs who are using them to their fullest potential.

Frito-Lay Recalls Ruffles Sold at Sam's Club in Southeast US

The company's Ruffles All Dressed Potato Chips may contain undeclared milk.

This photo provided by Ford Motor Company shows the 2022 Ford Bronco. The Bronco is an example of an off-road ready SUV with standard four-wheel-drive and rugged body-on-frame construction

Edmunds Top 5 Off-Road Vehicles for 2021

With special traction and ground clearance features, these vehicles can climb over rocks that would leave regular trucks or SUVs stuck, stranded or broken.

Stellantis CFO: Chip Shortage Impact 'Controlled'

While revenues were up, lost production due to the global chip shortage for the first quarter was 190,000 vehicles.

I Stock 1180627304

GM Profit Surges on Truck Sales

First-quarter net income surged to $2.98B as U.S. consumer demand and higher prices offset a global shortage of computer chips.

In this Aug. 26, 2020 photo, a worker inspects disposable gloves at the Top Glove factory in Shah Alam on the outskirts of Kuala Lumpur, Malaysia.

Top Glove Hopes to Resolve US Seizure, Ban

The U.S. banned Top Glove shipments due to allegations of forced labor, and just seized a shipment at a Cleveland port.

Crew members stand on the bow as the CMA CGM Argentina arrives at PortMiami, the largest container ship to call at a Florida port.

US Trade Deficit Sets Record in March

An improving economy drove purchases of imported foreign goods.

Huawei Could Acquire Automakers

The sanctions-hammered tech giant is apparently moving in a new direction.

Defining Mbe 10

Delivering the Full Vision of the Digital Thread

How a model-based enterprise can help streamline engineering processes, boost quality, and promote better sharing and utilization of digital assets.

Workers put together electronic gears at a factory in Zhangye in northwestern China's Gansu Province on April 17, 2021. Two surveys show Chinese manufacturing expanded in April but growth appeared to be slowing after a rebound from the coronavirus pandemic.

China Manufacturing Growth May Be Slowing

Two surveys show manufacturing is still expanding but at a slower pace.

In this March 30, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is seen in Egypt's Great Bitter Lake. The Japanese owner of the massive container ship that blocked the Suez Canal for nearly a week, halting billions of dollars in maritime commerce, is asking owners of the freight it is carrying to share the cost of the damages demanded by Egyptian authorities.

Shipowner Asks Cargo Owners to Share Suez Damage Cost

The ship is being held and won’t be allowed to leave until the settlement is reached.

Digi-Key Electronics & Bourns Celebrate 30-Year Partnership

Bourns targets product development at high-growth industries such as computers, telecommunications, automotive, and portable electronics.