EAST HARTFORD, Conn.,
May 20, 2014 /PRNewswire/
-- Within the last year, Pratt & Whitney, a United
Technologies Corp. company (NYSE: UTX), has signed more than
$10 billion in long-term agreements
with more than 90 key product suppliers from across the globe. The
agreements are helping to solidify the company's manufacturing
network as it prepares for an increase in commercial and military
engine production.
These agreements secure supply of parts decades into the future,
and are with suppliers who provide key parts and components for all
Pratt & Whitney products including the PurePower® engine
family, auxiliary power units, Pratt & Whitney Canada engines as well as the F135
military engine that will power the F-35 Lightning II.
"These agreements highlight the value of Pratt & Whitney's
ongoing capacity increase efforts and proven industry-leading
products and technology," said Danny Di
Perna, senior vice president, Pratt & Whitney
Engineering & Operations. "The suppliers who have signed
long-term agreements offer the highest quality and best value for
Pratt & Whitney's engine components, and will provide secure
sources of valuable parts for engines for years to come."
These suppliers have committed to the highest delivery and
quality standards to provide high-quality parts on time while
meeting cost commitments.
"We are sourcing for the large volume engine and spares
production that will occur in the next decades, right now," said
Sergio Loureiro, vice president,
Pratt & Whitney Strategic Sourcing and Contracts. "Suppliers
willing to invest in capacity and capability to meet our stringent
quality, delivery and cost metrics can be a part of our joint
journey of growth, but they must do so soon."
Pratt & Whitney is a world leader in the design, manufacture
and service of aircraft engines, auxiliary and ground power units
and small turbojet propulsion products. United Technologies Corp.,
based in Hartford, Connecticut, is
a diversified company providing high technology products and
services to the building and aerospace industries. To learn more
about UTC, visit the website or follow the company on Twitter:
@UTC.
This press release contains forward-looking statements
concerning future business opportunities. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties, including but not limited to changes in government
procurement priorities and practices, budget plans and availability
of funding, and in the number of aircraft to be built; challenges
in the design, development, production and support of advanced
technologies; as well as other risks and uncertainties, including
but not limited to those detailed from time to time in the
company's Securities and Exchange Commission filings.
Shawn Watson
+1-860-565-3595
Int'l Mobile +1-860-371-5236
Shawn.Watson2@pw.utc.com
SOURCE Pratt & Whitney