Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

United Technologies Agrees With Pentagon on More F-35s

United Technologies Corp. and the Pentagon have reached an “agreement in principle” for the company to produce the next batch of engines for the F-35 fighter, the Defense Department’s largest weapons program.

The company’s Pratt & Whitney unit will supply 32 engines, spare parts and engineering support for the fifth lot of the Joint Strike Fighter made by Lockheed Martin Corp., according to a Pentagon statement.

The Pentagon didn’t announce a value for the contract. The Pentagon estimates that engine work on the F-35 is valued at about $63.8 billion of the $395.7 billion research and acquisition program for the fighter.

“Reaching this agreement is fair and beneficial to the government and Pratt & Whitney,” said Lieutenant General Chris Bogdan, the Pentagon’s F-35 program executive officer. “Engine prices have decreased, and I appreciate everyone’s commitment to drive cost out of the program.”

Matthew Bates, a spokesman for Pratt & Whitney, said in an e-mailed statement that “we offered significant cost reduction over” the fourth production contract, and “we leaned forward to assume 100 percent risk for any cost overruns.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.