The US Department of Defense (DOD) has awarded Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, a USD1.5 billion low rate initial production (LRIP) contract for the 10th lot of F135 propulsion systems to power all three variants of the F-35 Lightning II aircraft, the company said.
The company said that combined with previous long lead and sustainment awards for this lot, the LRIP 10 contract now totals USD1.95 billion. This tenth LRIP contract will cover 99 total engines, as well as program management, engineering support, production non-recurring efforts, spare modules and spare parts.
Compared to the previous LRIP production contract, unit prices for 86 conventional takeoff and landing (CTOL) and carrier variant (CV) propulsion systems were reduced by 2.6 percent, and unit prices for 13 LRIP 10 short takeoff and vertical landing (STOVL) propulsion systems, including Rolls-Royce Lift Systems, were reduced by 4.2 percent.
Since 2009, Pratt & Whitney has reduced the cost of the common CTOL and CV F135 engines by half, and the STOVL propulsion system by nearly 35 percent. The US Government has also invested in improvements to F135 affordability. Combined, the Pratt & Whitney and US Government investments since 2009 are projected to yield approximately USD7.5 billion in savings over the decades-long life of the F-35 program.
Pratt & Whitney designs, manufactures and services aircraft engines and auxiliary power units. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries.