RTX Unit Wins $355M Deal for South Korea's F-15 & F-16 Jets
RTXRaytheon Technologies(RTX) Zacks Investment Research·2024-02-16 22:36

RTX Corporation (RTX) recently announced that its Pratt & Whitney unit has been awarded a $355 million contract for F100 engine performance-based logistics (PBL) by South Korea's Defense Acquisition Program Administration (“DAPA”). The contract marks the third consecutive PBL contract that Pratt & Whitney and DAPA have signed since 2012. This reflects the decade-long relationship to elevate the overall readiness of the Republic of Korea Air Force's fleet, comprising F-15 Eagles and F-16 Fighting Falcons. Su ...