LONDON, FARNBOROUGH AIR SHOW, July 17 /PRNewswire-FirstCall/ --
Orenburg Airlines has awarded Pratt & Whitney, a United Technologies Corp.
(NYSE: UTX) company, a five-year, exclusive Maintenance Service Agreement
(MSA) for CFM maintenance on up to five Boeing 737 aircraft. The estimated
value of this award is $10 million USD. The work will be performed at the
Pratt & Whitney Norway Engine Center at Stavanger Airport in Norway.
This is the first exclusive CFM56(R) engine award between Pratt &
Whitney and a Russian customer.
"We are delighted that Orenburg Airlines has chosen Pratt & Whitney
Global Service Partners to maintain its CFM56(R) engines," said Jim Keenan,
senior vice president and general manager, Pratt & Whitney Global Service
Partners. "We believe the Norway Engine Center's highly competitive
turnaround times and high-quality maintenance services were important to
achieving this vote of confidence. We are looking forward to partnering
with this important airline and expanding our presence in the Russian CIS
region."
Global Service Partners, Pratt & Whitney's engine services business, is
an industry leader in customer solutions and service excellence. It has
more than 500 aviation customers served by a worldwide network of 24
overhaul and repair facilities capable of servicing all Pratt & Whitney's
engines, as well as the V2500 and CFM56(R) engines. In addition to overhaul
and repair services, customers count on Global Service Partners to provide
on-wing repair services, advanced engine monitoring and diagnostics,
competitive engine lease programs and custom engine service programs.
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., USA, is a
diversified company providing high technology products and services to the
global aerospace and building industries.
This release includes "forward looking statements" concerning expected
revenue and other matters that are subject to risks and uncertainties.
Important factors that could cause actual results to differ materially from
those anticipated or implied in forward looking statements include the
health of the global economy; strength of end market demand in the
commercial aerospace industry; fluctuation in commodity prices, interest
rates, and foreign currency exchange rates. For information identifying
other important economic, political, regulatory, legal, technological,
competitive and other uncertainties, see UTC's SEC filings as submitted
from time to time, including but not limited to, the information included
in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk
Factors," "Management's Discussion and Analysis of Financial Condition and
Results of Operations" and "Cautionary Note Concerning Factors that May
Affect Future Results," as well as the information included in UTC's
Current Reports on Form 8-K.
Contact: Jennifer Arsenault
(860)565-9600
jennifer.arsenault@pw.utc.com
SOURCE Pratt & Whitney
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Related links:
http://www.pratt-whitney.com
CONTACT:
Jennifer Arsenault of Pratt & Whitney,
+1-860-565-9600, jennifer.arsenault@pw.utc.com
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