Pratt & Whitney, a division of RTX Corporation ( RTX ) , has been awarded a three-year contract worth up to $1.5 billion to support the U.S. Air Force’s F119 engines, which power the F-22 fighter jets.

The agreement aims to enhance fleet readiness and reduce maintenance costs for over 400 engines that have logged more than 900,000 flight hours.

The F-22 Raptor’s two F119 engines generate over 35,000 pounds of thrust, enabling high-altitude supercruise for greater speed and fuel efficiency. Pratt & Whitney’s Usage-Based Lifing program further extends engine longevity and efficiency, lowering costs while improving performance.

Also Read: RTX’s Strong Backlog And Pricing Power Offset Defense Risks, Analysts Forecast Big 2025 Upside

Meanwhile, the Trump administration has directed Pentagon officials to prepare for significant defense budget cuts. In a memo, Defense Secretary Pete Hegseth ordered an 8% annual reduction over the next five years, with exemptions for nuclear modernization, missile defense, submarines, drones, and munitions.

Price Action: RTX shares are trading lower by 0.97% at $124.19 at last check Thursday.

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