Raytheon Technologies secures $2.8 billion contract for F135 engine production.

Raytheon Technologies subsidiary Pratt & Whitney secured a $2.8 billion contract for F135 engine production, which powers Lockheed Martin's F-35 fighter jets. The contract funds both domestic and international production, with over 1,300 engines delivered to date. Following the announcement, Raytheon Technologies stock rose 1.2%, and Lockheed Martin's shares increased by approximately 1.7%.

Raytheon Technologies subsidiary Pratt & Whitney has been awarded a $2.8 billion contract for the production of Lot 18 F135 engines, which power Lockheed Martin's F-35 fighter jets. The contract, announced on August 22, 2025, funds the production of 141 engines for the U.S. Air Force, Navy, Marine Corps, and international allies, with deliveries scheduled to be completed by February 2028 [1].

The contract encompasses conventional take-off and landing (CTOL), carrier variant (CV), and short take-off and vertical landing (STOVL) F135 engines, along with spare engines, modules, program management, tooling, engineering, and production support. The U.S. Department of Defense has obligated over $2 billion immediately, with the Air Force contributing roughly $614 million and the Navy pledging $654 million. Additional funding includes $513 million from foreign sales and $228 million from international program participants [2].

Pratt & Whitney's vice president for the F135 program, Christopher K. Johnson, emphasized the engine's importance in ensuring mission success. "The combat-proven F135 engine delivers the power, safety, reliability, and low-observability to ensure operators can accomplish their most critical missions," he said. "The F135 is ultimately an investment in mission assurance, providing the warfighters of today and tomorrow the technological edge to fight and win" [1].

The F135 program supports over 67,000 domestic jobs and 240 U.S. suppliers, contributing more than $9.1 billion to the U.S. economy in 2024. Pratt & Whitney has delivered more than 1,300 F135 engines to date, supporting a global fleet of over 1,215 F-35s across 20 allied nations [1].

Following the announcement, Raytheon Technologies stock rose 1.2%, while Lockheed Martin's shares increased by approximately 1.7%. This contract marks a significant milestone in the ongoing production and upgrade of the F-35 Joint Strike Fighter program [3].

References:
[1] https://www.designdevelopmenttoday.com/industries/military/news/22948697/rtxs-pratt-whitney-awarded-28-billion-f135-engine-production-contract
[2] https://usaherald.com/pratt-whitney-2-8b-award-powers-next-phase-of-f-35-engine-production/
[3] https://theaviationist.com/2025/08/26/lot-18-f135-engine-contract/