RTX's Pratt & Whitney receives full funding for F135 Engine Core Upgrade in FY 2024 Defense Appropriations bill [Yahoo! Finance]
RTX Corporation (RTX)
Company Research
Source: Yahoo! Finance
March 23, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has received full funding in the recently passed fiscal year 2024 Defense Appropriations bill for its F135 Engine Core Upgrade, which will modernize the F-35's propulsion system to increase durability and fully-enable Block 4 capabilities and beyond starting in 2029. "This bill will allow Pratt & Whitney to deliver the current and future propulsion capabilities that will keep the United States and its allies on the cutting edge of fighter engine technology," said Jill Albertelli , president of Pratt & Whitney Military Engines. "We are incredibly thankful to our congressional allies for their steadfast commitment to supporting these programs." $497 million was allocated to the F135 ECU, which will move into detailed design later this year. The ECU is compatible with all three variants of the F-35, will be retrofittable, and will be available to all F-35 operators. The ECU will utilize the same F135 global
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RTX
Earnings
- 4/23/24 - Beat
RTX
Sec Filings
- 4/25/24 - Form 144
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- RTX's page on the SEC website