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Navy awards United Technologies $15.4M contract



By AP
19 June 2008 @ 05:26 pm EST

WASHINGTON - The Navy awarded United Technologies Corp.'s Pratt & Whitney jet engine unit a $15.4 million contract boost for initial rate production of spare engines and related management and engineering services, the Defense Department said late Thursday.

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The deal is a modification of an existing contract. Work is expected to be completed by February 2010.

Shares of the Hartford, Conn.-based company rose 75 cents to $68.82 Thursday.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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