RTX’s Pratt & Whitney secures $2.8 billion contract for F135 engines
(Reuters) -RTX’s Pratt & Whitney unit has been awarded a $2.8 billion modified contract for the production of F135 engines, the company said on Tuesday.
The contract will fund production of the engines that power Lockheed Martin’s F-35 jets for the U.S. Joint Strike Fighter program and international customers.
The unit will produce and deliver 141 F135 engines for Lockheed’s Lot 18 jets, according to a posting on the Pentagon’s website from Friday.
RTX’s shares rose 1.7% in early trading, while Lockheed was up about 1.5%.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.
That's one option, but what if there are better opportunities hiding in plain sight?
Investing.com's ProPicks AI has identified growth stocks that often get overlooked by individual investors.
Compare your choice against our global range of AI-selected picks - with 3 out of 4 beating their benchmark index year to date and 98% in the green.
Get fresh new picks every month, now available at 50% off while our Summer Sale lasts. Hurry, offer ends soon!
