Pratt & Whitney halted F-35 engine delivery over titanium origin
http://seekingalpha.com/news/1960855-pratt-and-whitney-halted-fminus-35-engine-delivery-over-titanium-origin
Pratt & Whitney halted F-35 engine delivery over titanium origin
Aug 29 2014, 18:15 ET | By: Carl Surran, SA News Editor
United Technologies' (NYSE:UTX) Pratt & Whitney unit says it suspended delivery of engines for the F-35 jet, the Pentagons costliest weapons program, over concern that a supplier may have provided suspect titanium.
UTX says delivery was halted in May after an in-house inspection and testing process raised questions about the origin of the titanium; UTX replaced all suspect engine parts in its inventory for failing to meet specifications, but determined the titanium in 147 F-35 engines already delivered did not pose a flight safety risk.
The Pratt & Whitney engine accounts for $68.4B of the $398.6B projected cost of the F-35 being built by Lockheed Martin (NYSE:LMT).