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Pratt & Whitney Signs $1.1B Pentagon Deal

Thu, 10/24/2013 - 2:36pm

EAST HARTFORD, Conn. (AP) -- Jet engine manufacturer Pratt & Whitney says it's signed a $1.1 billion Pentagon contract for fighter jet propulsion systems that include cost-cutting of as much as 9.5 percent.

The United Technologies Corp. subsidiary said Thursday the contract covers 38 engines and program management, engineering support and spare parts. Pratt & Whitney, based in East Hartford, said the contract reflects cost reduction initiatives. The propulsion systems power the F-35 Lightning II.

The prices for 32 of the engines were reduced by about 2.5 percent compared with a previous contract. The unit prices for six propulsion systems were cut by about 9.6 percent.

Lt. Gen. Chris Bogdan, F-35 program executive officer, said the price has been going down and the trend will continue.

Engine deliveries will begin in the fourth quarter.

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