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Print Edition StoriesTuesday, January 6, 2009
Pratt & Whitney in $7 million jet engine contract
By Mass High Tech staff
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Pratt & Whitney has landed a deal worth up to $7 million from the U.S. Air Force for jet engines, according to the company.
Under the deal, the East Hartford, Conn.-based United Technologies Corp. (NYSE: UTX) subsidiary company will provide eight F119 engines for the F-22 Raptor fighter plane. The contract also includes an option to buy up to 39 additional engines. Each F-22 Raptor runs on two F119 engines.
Pratt & Whitney took in two big deals this fall, totalling almost $1.6 billion. In November, the company landed a contract worth a potential $185 million from the Air Force to develop engines intended to affordably operate at 10 times the turbo-propulsion capability of current aircraft engines. The contract calls for the technology to be developed by 2017. In October, Pratt & Whitney won a contract potentially worth $1.4 billion from the Boeing Co. Under the Boeing deal, Pratt & Whitney will provide engine maintenance for the C-17 aircraft fleet, including fleet management support, configuration control, thrust reversers and engine wash services for 800 F117 engines.
United Technologies reported a 2007 net income of $4.2 billion on revenue of $54.8 billion.
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