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Pratt & Whitney sees deal for F-35 engines in next 30 days
June 16, 2013 / 11:52 AM / 4 years ago

Pratt & Whitney sees deal for F-35 engines in next 30 days

PARIS, June 16 (Reuters) - Pratt & Whitney, a unit of United Technologies Corp, expects to reach agreement with the Pentagon within the next 30 days on a contract for engines to power a sixth batch of F-35 fighter jets, Pratt President David Hess told Reuters.

Hess said negotiations were still under way with the U.S. Defense Department but he expected the contract’s final price to reflect a further cost reduction of less than 10 percent, continuing a trend seen in recent years.

“We’re making progress there. We’ve gotten an offer from the (Joint Program Office) and I expect we’ll get that closed pretty quickly ...certainly within 30 days,” Hess told Reuters in an interview ahead of the Paris air show.

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