Pratt & Whitney Secures $1.3 Billion F135 Engine Sustainment Contract (RTX)
Pratt & Whitney, a business unit of RTX (NYSE: RTX), has been awarded a nearly $1.3 billion undefinitized contract covering F135 engine spare parts. The contract is structured as an Indefinite Delivery, Indefinite Quantity agreement, commonly referred to as an IDIQ, providing flexible funding for a range of operational needs. Funding from the deal will…