Raytheon secures $1.3 billion F-35 engine support contract

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.

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, and technical data updates. It also includes support equipment management and training for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-U.S. Department of Defense participants.

The work is set to be distributed across several locations, with the largest share, 40%, being conducted in East Hartford, Connecticut. Other significant work sites include Oklahoma City, Oklahoma, with 21%, and Indianapolis, Indiana, with 12%. Additional work will occur in locations across the United States and in countries such as Norway, the Netherlands, Japan, Australia, Italy, and the United Kingdom (TADAWUL:4280 ), reflecting the global reach of the F-35 program.

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.

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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Source: Investing.com