• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Raytheon secures $1.3 billion F-35 engine support contract

by December 3, 2024
written by December 3, 2024

Raytheon Technologies (NYSE:RTX) Corp’s Pratt and Whitney Military Engines, based in East Hartford, Connecticut, has secured a substantial contract modification valued at up to $1.3 billion to support the F-35 Lightning II aircraft’s propulsion systems. The contract (P00062) amends a prior agreement (N0001921C0011), extending services such as depot level maintenance, repair, and various forms of management support for the F135 engines that power the advanced fighter jets.

This contract option covers a range of activities, including program and financial management, propulsion integration, spare parts procurement, engineering, material and product management, software maintenance, security, and technical data updates. It also includes support equipment management and training for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-U.S. Department of Defense participants.

The work is set to be distributed across several locations, with the largest share, 40%, being conducted in East Hartford, Connecticut. Other significant work sites include Oklahoma City, Oklahoma, with 21%, and Indianapolis, Indiana, with 12%. Additional work will occur in locations across the United States and in countries such as Norway, the Netherlands, Japan, Australia, Italy, and the United Kingdom (TADAWUL:4280), reflecting the global reach of the F-35 program.

The contract is projected to be completed by November 2025. It will be financed through a combination of fiscal 2025 operations and maintenance funds from the Air Force, Marine Corps, and Navy, alongside Foreign Military Sales funds and contributions from non-U.S. DOD participants. A total of $244,972,723 of the allocated funds will expire at the end of the current fiscal year.

The contract was awarded by the Naval Air Systems Command, located in Patuxent River, Maryland, and it was not subject to a competitive bidding process. The F-35 program continues to be a critical component of defense strategies for the United States and its allies, and this contract represents a significant investment in the ongoing maintenance and support of one of the world’s most sophisticated aircraft fleets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Factbox-Europe’s embattled auto sector plans plant closures and layoffs
next post
U.S. Steel shares drop as Trump vows to block Nippon deal

You may also like

Adani, Ambani news units sue OpenAI over copyright,...

March 13, 2026

China’s DeepSeek sets off AI market rout

March 13, 2026

BASF results down on impairments, restructuring

March 13, 2026

Nasdaq futures tumble as China’s AI push rattles...

March 13, 2026

European chipmakers slump as traders gauge DeepSeek AI...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China Vanke’s CEO, chairman resign amid growing liquidity...

March 13, 2026

Italy’s MPS shares fall ahead of Mediobanca board...

March 13, 2026

UMG shares rally after new multi-year pact with...

March 13, 2026

British Land stock drops following stake sale

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Trump administration alleges Nike discriminated against white workers

      March 13, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      March 13, 2026
    • Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy

      March 13, 2026
    • Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets

      March 13, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (690)
    • Stock (6,426)

    Latest News

    • Trump administration alleges Nike discriminated against white workers
    • Landmark trial accusing social media companies of addicting children to their platforms begins

    Popular News

    • French debt risk premium falls after government collapses
    • ServiceTitan seeks $5.95 billion valuation in its U.S. IPO

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy