P&W awarded contract for F135 engine production worth up to $1.12bn

The U.S. Department of Defense has awarded Pratt & Whitney an undefinitized contract award (UCA) not to exceed $1,122,306,649 for F135 production engines to power the F-35 Lightning II.  Pratt & Whitney and the DoD have reached a tentative agreement on key terms for the low rate initial production (LRIP) 5 contract which contains fixed-price and cost-plus incentive fee elements.  A total of $358,597,078 is being obligated at time of award, in addition to the $138,800,000 obligated in 2011 for advanced acquisition materials.  This LRIP contract includes production engines, spare parts, program management, engineering support for production, sustainment and field support for the F135 engines.