Will provide parts and maintenance for F100 fighter jet engines for five years.
On Tuesday, United Technologies (RTX 0.68%) subsidiary Pratt & Whitney announced it has won a $300 million Performance Based Logistics contract from the Republic of Korea. Pratt will supply parts for, and perform maintenance on the F100 engines powering the South Korean Air Force's Lockheed Martin (LMT 1.23%) F-16 and Boeing (BA 1.51%) F-15K fighter jets over a five-year term.
Shares of United Technologies nonetheless declined Tuesday, falling 1.2% to $83.55.
Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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