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

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 US 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. Hess declined to give details on the projected value of the contract.