27 Aug '13, 4pm

Pratt, DoD Reach Agreement on F-35 Engine Lot

Pratt, DoD Reach Agreement on F-35 Engine Lot

WASHINGTON — The Pentagon has reached an agreement in principle with Pratt & Whitney on the sixth batch of jet engines for the F-35 joint strike fighter, and the company hopes to submit a proposal for its next batch within 30 days. The contract will cover the production of 36 F135 engines, along with two spares. Official cost details are still being worked out, but it will likely be similar to the $1 billion agreement for the fifth low-rate initial production (LRIP-5) lot reached in May . “In general, the unit prices for the 32 common configuration engines, which are used to power both the conventional takeoff and landing (CTOL) aircraft and the aircraft-carrier variant (CV) aircraft, [were] reduced in LRIP 6 by roughly 2.5 percent compared to the previous LRIP 5 contract for 35 engines,” wrote officials from the Pentagon’s F-35 Joint Program Office (JPO) in a statement. “...

Full article: http://www.defensenews.com/article/20130827/DEFREG/308270012

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