EAST HARTFORD, Conn.,
Jan. 19, 2015 /PRNewswire/
-- Pratt & Whitney and Kawasaki Heavy Industries Ltd.
(KHI) met recently to commemorate the signing of a risk and
revenue-sharing collaboration agreement for KHI to provide key
hardware modules for Pratt & Whitney's PurePower Geared
Turbofan (GTF) engines. Pratt & Whitney is a division of United
Technologies Corp. (NYSE: UTX).
Pratt & Whitney currently has 10 worldwide GTF collaboration
partners, many of which work across multiple GTF engine variants to
be installed on various aircraft platforms for Pratt & Whitney
customers. These aircraft programs are directed by Mitsubishi
Aircraft Corporation, Bombardier Aerospace, Airbus, Irkut and
Embraer.
"Our collaboration on the GTF started in 2007 when our great
partner, Mitsubishi Heavy Industries, selected the PW1200G Geared
Turbofan engine for their Mitsubishi Regional Jet and soon after
joined the program as a partner. Since then we have continued to
seek risk-sharing relationships with GTF program participants,"
said Bernard I. Zimmerman, vice
president, Group Strategy & Development for Pratt &
Whitney. Zimmerman's team is responsible for establishing and
managing these risk and revenue-sharing collaborations with various
Pratt & Whitney "partners."
Pursuant to the collaboration agreements, partners will provide
hardware modules and assembly and test services with an expected
value in excess of $49 billion over
the life of the programs. An example of a successful partnership is
Mitsubishi Heavy Industries Aero Engines, which performs engine
assembly and test on the PW1200G engine for the MRJ as well as MTU
Aero Engines AG (MTU), which performs assembly and test on some of
the PW1100G-JM engines for the Airbus A320neo.
"Even before we secured our first customer in 2007, we started
working on risk and revenue-sharing agreements with our design
responsible partners MTU and GKN Aerospace Engine Systems (formerly
Volvo Aero Corporation), both of whom invested their own resources
with Pratt & Whitney on compressor and turbine exhaust case
development and on the Geared Turbofan Demonstrator Engine," said
Zimmerman. "It is very rewarding to see these efforts payoff
in helping secure customers and other partners."
In addition to the four aforementioned collaboration partners,
Pratt & Whitney has agreements with Japanese Aero Engines
Corporation, Industria Turbo Propulsores of Spain, Mitsubishi Corporation, Singapore
Airlines Engineering Company, IHI Corporation and GE Avio.
Now that Pratt & Whitney has completed new collaboration
partner agreements, any further activity will be limited to
bringing existing hardware sources into existing or new
collaboration agreements.
Pratt & Whitney is a world leader in the design, manufacture
and service of aircraft engines and auxiliary power units.
United Technologies Corp., based in Hartford, Connecticut, provides high
technology products and services to the building and aerospace
industries. To learn more about UTC, visit its website at
www.utc.com, 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 levels of
demand in the aerospace industry, in levels of air travel, 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 United Technologies Corps.'
Securities and Exchange Commission filings.
Sara
Banda
Pratt &
Whitney
+1
860-565-4031
Sara.Banda@pw.utc.com
|
Shawn
Watson
Pratt &
Whitney
+1
860-565-9654
Shawn.Watson@pw.utc.com
|
SOURCE Pratt & Whitney