50 SKY SHADES - World aviation news

P&W locks in $1 billion contract for F-35 engines

Download: Printable PDF Date: 14 Apr 2016 17:03 category:
Publisher:
P&W locks in $1 billion contract for F-35 engines - Manufacturer publisher
Krista Kuznecova
Aircraft: Airplanes
Source: Flightglobal

Pratt & Whitney secured a $1 billion contract this week to fund the first 66 of 167 F135 propulsion systems being purchased by the US government to power the growing domestic and international fleet of Lockheed Martin F-35s.

The government reached a handshake agreement with P&W for low-rate initial production lots nine and 10 in January, and the contract announced on 11 April is the realisation of Lot 9.

It buys 53 engines to power the conventional and carrier-based F-35As and Cs and another 13 for the short takeoff and vertical landing F-35B.

International partners Italy, Norway and the United Kingdom contributed 29% of the funding ($300 million) and foreign military sales customers Israel and Japan paid 14% ($147 million).

A spokesman for P&W says the company is working with the Pentagon to finalise the details of Lot 10 and an award should be forthcoming later this month.

Those F135s are already under construction and the first engine of Lot 9 will be delivered sometime this quarter.

Asset Image

F135 engine test

Lockheed Martin

To date, P&W has delivered 273 engines from its facilities in Middletown, Connecticut and West Palm Beach, Florida. The company says the engine is achieving mission capability rates of 96% and the cost per unit is also coming down.

“We remain laser-focused on reducing costs, meeting our delivery schedule commitments, ensuring dependable engine performance and preparing for global sustainment of the F-35 fleet,” says Mark Buongiorno, vice-president of P&W’s F135 engine programme.

Meanwhile, the US government continues to negotiate with Lockheed on the purchase of 157 aircraft, to be delivered from the main plant in Fort Worth, Texas and final checkout and assembly facilities in Italy and Japan.

Those deals would fund Lot 9 and 10, which are already under construction. In March, Lockheed received a $180 million contract to fund long-lead parts for Lot 11.



Loading comments for P&W locks in $1 billion contract for F-35 engines...


Recommended

Ameco and Lufthansa Technik sign memorandum of understanding for cooperation in business aircraft services

Ameco and Lufthansa Technik sign Memorandum of Understanding for cooperation in business aircraft services‚Äč Signing ceremony at Asian Business Aviation Conference & Exhibition (ABACE)...

Dassault’s Falcon 8X to Highlight ABACE 2018

First aircraft now flying with Chinese operator This year, Dassault Aviation will showcase the Falcon 8X -- the newest business jet in the ultra-long range class – at the 2018 Asian Business...

London Oxford Airport hails 10 years of consistent growth

London Oxford Airport, ranked the fifth busiest UK business airport in the UK and amongst the top 20 in Europe, is among a handful of UK business airports that have seen consistent growth post the fin...

The A321LR “goes long” with record-breaking flight

This variant of Airbus’ A321, which will enter service in 2018, has the longest range of any single-aisle jetliner The A321LR variant of Airbus’ A321 jetliner underscored its impressive...