Pentagon Increases Pratt & Whitney Penalty Over Business Systems

  • United Technologies' engine unit has 5% of billings withheld
  • A lack of progress cited for increase from 2% held back

The Pentagon agency that oversees contracts is again withholding 5 percent of billings from United Technologies Corp.’s Pratt & Whitney engine unit, citing a long-running dispute over shortcomings in business systems that track costs and schedules.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.