EAST HARTFORD, Conn. - Pratt & Whitney, a division of Raytheon Technologies Corp (NYSE: NYSE:RTX), has secured a $355 million contract to provide performance-based logistics (PBL) sustainment for the engines of South Korea's F-15 Eagles and F-16 Fighting Falcons. The contract was awarded by South Korea's Defense Acquisition Program Administration (DAPA) and marks the third consecutive PBL agreement between the two parties since 2012.
The contract aims to enhance fleet readiness and streamline operations through improved depot planning and long-term material forecasting. The sustainment work, which began in December 2023, is scheduled to continue through the latter half of 2027.
Chris Johnson, vice president of Fighter and Mobility Programs at Pratt & Whitney, stated that the decade-long collaboration with DAPA has developed strategic sustainment solutions that benefit both the Republic of Korea Air Force (ROKAF) and the industry by offering cost-effective and reliable maintenance support.
Pratt & Whitney is recognized as a leading designer, manufacturer, and servicer of aircraft engines and auxiliary power units. The company's collaboration with DAPA and ROKAF underscores a lasting partnership aimed at advancing the operational capabilities of ROKAF's fighter fleet.
Raytheon (NYSE:RTN) Technologies, the parent company of Pratt & Whitney, is noted as the world's largest aerospace and defense company, employing over 185,000 people globally.
The information for this article is based on a press release statement.
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