Raytheon Technologies bags $2.02B Navy contract modification

Raytheon Technologies (NYSE:RTX) doing business as Pratt and Whitney Military Engines, East Hartford, Connecticut, is awarded a $2.02B fixed-price-incentive-firm, cost-plus-incentive-fee, cost reimbursable modification to a previously awarded contract.
The modification exercises options to procure materials, parts, and components for Lot 17 of the F135 Propulsion system for F-35 Lighting II Joint Strike Fighter aircraft as well as global spares requirements.
Work is expected to be completed in December 2025.
The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.