Dow Jones Newswires: Raytheon gets $4.4 billion modification to U.S. Navy contract

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The Pentagon on Tuesday said Raytheon Technologies Corp. RTX, -0.69%, Pratt and Whitney Military Engines received a modification not to exceed $4,385,492,639 to an existing contract for propulsion systems for the Joint Strike Fighter.

The modification calls for the production and delivery of propulsion systems along with long lead-time components, parts, and materials, the Pentagon said. The modification also “provides global spares requirements to include spare engines, power modules, and other hardware,” the Pentagon said.

In addition, the modification provides a Block 4 Short Take-Off Vertical Landing developmental test engine for flight test efforts, according to the Pentagon.

Work will be performed in a number of locations, including East Hartford, Conn., Indianapolis and Kent, Wash.

This article was originally published by Marketwatch.com. Read the original article here.

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