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Pratt says growth in F-35 production will help cut costs

2015-02-06 04:58:37| Industrial Machines - Topix.net

The Pentagon's plans to fund 50 percent more F-35 fighter jets in fiscal 2016 will help drive down the price of the new plane and its engine, a top official with enginemaker Pratt & Whitney, a unit of United Technologies Corp , said Thursday. Bennett Croswell, president of Pratt's military engines division, said the company had submitted a proposal for the ninth and tenth batches of engines to the F-35 program office, and he hoped to sign those agreements by the end of 2015.

Tags: costs production growth cut

F-35 Costs Continue To Fall With Latest Engine Deal

2014-10-31 18:10:02| Industrial Machines - Topix.net

' Pratt & Whitney division announced a new contract for an eighth batch of engines for the F-35 fighter jet. The new contract for the 48 engines totaled $1.05 billion, and it lowers the cost of the expensive F135 engines 3.5% to 4.5%.

Tags: latest continue fall costs

F-35 Costs Continue To Fall With Latest Engine Deal

2014-10-31 15:32:37| Paper - Topix.net

Tags: latest continue fall costs

UPDATE 1-Pratt says next F-35 engine deals will cut costs by 7-8 pct

2014-09-16 02:22:59| Industrial Machines - Topix.net

Pratt & Whitney, a unit of United Technologies Corp, said its contracts with the Pentagon for the next two batches of engines for the Lockheed Martin Corp F-35 fighter jet will result in combined cost savings of 7 percent to 8 percent. Bennett Croswell, president of Pratt's military engines division, told reporters the company had already more than halved the cost of its F-35 engine, and the savings from the next two contracts - for the seventh and eighth batches of engines - would come on top of that.

Tags: update costs engine deals