Press Release: Delta Air Lines Selects Pratt & Whitney for Long-term Maintenance and Materials Agreements Worth $1 BillionEAST HARTFORD, Conn.
, Jan. 12
/PRNewswire-FirstCall/ -- Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, announced today that Delta Air Lines has signed two 10-year aircraft engine service agreements valued at more than $1 billion
. Pratt & Whitney Commercial Engines & Global Services unit will provide Delta and Delta TechOps, with maintenance, material and aftermarket support."We are pleased to enter into these PW4000 service agreements," said Tony Charaf
, president, Delta TechOps. "Pratt & Whitney has proven to be a quality supplier and these agreements strengthen an already strong relationship."The first agreement, an Inventory Logistics Program, covers material replacement and parts repair for Delta's fleet of more than 80 PW4000 engines. The second award is a parts repair agreement that covers material replacement and part repairs for Delta TechOps' Maintenance, Repair and Overhaul (MRO) customers. Both deals include commitment to develop new repairs and to implement those repairs in both Delta's and Delta's customers' fleets."These agreements provide long-term value to Delta and helps to solidify the continued partnership between both companies," said Todd Kallman
, president, Pratt & Whitney Commercial Engines & Global Services. "Bringing our OEMRO(R) approach, we can provide knowledge as the PW4000 manufacturer, as well as maintenance, repair and overhaul flexibility through our Global Service Partners network."Pratt & Whitney has over 16,000 aircraft engines installed with hundreds of airlines around the world. Additionally, Pratt & Whitney is a leading participant in two joint venture companies that manufacture commercial aircraft engines: International Aero Engines, which makes the V2500 for the Airbus A320 family of aircraft, and the Engine Alliance, whose GP7200 engine is FAR 33 certified for the new Airbus A380.Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn.
, is a diversified company providing high technology products and services to the global aerospace and commercial building industries.This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the contract described in this release. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in the health of the global economy and the aerospace industry. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's 10-K, 10-Q and other reports filed with the SEC.
Greg Brostowicz Matthew Perra Commercial Engines & Global Services Pratt & Whitney +1.860.565.1655 +1.860.565.8938 email@example.com firstname.lastname@example.org
Source: PRNewsWireMore on UTX:Gurus buys and sells of UTX10-year financial history of UTX
.Insider buys/sells of UTX
Gurus who own UTX
UTX is in the portfolios of David Dreman
, David Williams
, Kenneth Fisher
, John Hussman