Pratt & Whitney receives a $355 million contract

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Pratt & Whitney receives a $355 million contract


  Raytheon


Pratt & Whitney receives a $355 million contract View Caption
  14 February 2024

Pratt & Whitney, an RTX (NYSE: RTX) business, was awarded an F100 engine performance-based logistics (PBL) sustainment contract by South Korea's Defence Acquisition Program Administration (DAPA). This contract, with a base value of $355 million, is the third consecutive PBL contract Pratt & Whitney and DAPA have signed since 2012, offering ongoing maintenance support for the Republic of Korea Air Force's (ROKAF) F-15 Eagles and F-16 Fighting Falcons.

 

"For just over a decade, we have worked with DAPA on these performance-based logistics contracts to establish a more strategic sustainment solution for the ROKAF fighter fleet," said Chris Johnson, vice president of Fighter and Mobility Programs at Pratt & Whitney. "These contracts are a win-win for both customers and industry because they offer more efficient affordability and availability."

 

This contract is the latest initiative in an enduring partnership between Pratt & Whitney, DAPA and ROKAF, and it will support more efficient depot planning and improve overall fleet readiness through long-term material forecasting. Sustainment work began in December of 2023 and will run through the second half of 2027.