Pratt & Whitney Lands $1.3B F135 Sustainment Contract for F-35 Fleet
RTX sits 42% above its 52-week low of $150.613.
Summary
Pratt & Whitney, an RTX business, secured a nearly $1.3 billion undefinitized contract for F135 engine spare parts, supporting the global F-35 fleet. The indefinite delivery, indefinite quantity (IDIQ) award funds fiscal year 2026 initial spares, deployable packages, and depot lay-ins for U.S. and international customers. This follows RTX's strong Q2 2026 results and raised outlook, reinforcing the defense segment's momentum. The contract deepens the sustainment revenue stream for the F135 program, which powers over 1,500 engines across 20 allied nations. With the F-35 enterprise expanding and an engine core upgrade on the horizon, this award locks in long-term aftermarket demand.
At the time of this announcement, RTX was trading at $214.09 on NYSE in the Manufacturing sector, with a market capitalization of approximately $288.9B. The 52-week trading range was $150.61 to $221.34. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: PR Newswire.