As per reports, Pratt & Whitney unit of United Technologies Corporation (UTX) was awarded a contract to build 183 F-35 engines by Pentagon for the Defense Department amid the fighter struggling with testing glitches. The contract nearly worth $2.2 billion included F-35 engines,112 engines for the Air Force, 46 for the Marines and 25 for the Navy.
The current F-35 stealth fighter is an expert in the Pentagon’s warfighting strategy to compete with rivals like Russia and China. The program has been suffering from delays and costs overruns as the fighter is still due to complete its formal operations test this fall before it enters into full-swing production, as per reports.
Dow 30 component United Technologies Corporation (UTX) creates smart, sustainable solutions that are used to provide high-technology systems and services to both the building and aerospace industries. To learn more about United Technologies Corp. (UTX) and to track its progress please visit the Vista Partners United Technologies Coverage Page.
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