F-35 Weekly Update: 17th June 2013
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Pratt & Whitney, a unit of United Technologies Corp (UTX.N), 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'v...
