Pratt Assumes Overrun Cost In Latest F135 Deal
Credit: Pratt & Whitney
Pratt & Whitney has agreed to assume 100% of the risk of any cost overrun for its latest F-35 engine contract, worth $1 billion. This agreement with the Pentagon aligns with the trend of recent deals with Lockheed Martin, the single-engine F-35 airframe manufacturer, in which the government is...
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