LONDON, FARNBOROUGH AIRSHOW, July 17 /PRNewswire-FirstCall/ -- Pratt &
Whitney, a United Technologies Corp. (NYSE: UTX) company, was selected by
Cathay Pacific Airways of Hong Kong to power its new fleet of six Boeing
747- 400ERF aircraft. Cathay Pacific signed the agreement with Pratt &
Whitney last month in Hong Kong.
The deal includes 24 PW4062A installation engines and three spare
engines. Its value exceeds $300 million at list prices.
"Pratt & Whitney is providing us with an economical and very reliable
engine for our new fleet," said Derek Cridland, engineering director of
Cathay Pacific.
"We are absolutely delighted that Cathay Pacific Airways has chosen
Pratt & Whitney to power these new 747-400ERF aircraft with our PW4062A
engines," said Steve Heath, president of Pratt & Whitney Commercial
Engines. "Our PW4000 engines are an excellent choice of power for these
widebody aircraft. Pratt & Whitney is extremely proud to do business with
Cathay Pacific Airways, and we are committed to exceeding their
expectations."
The PW4062A engine is the highest thrust PW4000 engine available on the
747. It provides exceptional reliability, competitive fuel performance and
excellent environmental characteristics. Today, more than 2,700 PW4000
family engines are in service with 90 million hours of cumulative service
experience.
Cathay Pacific is also purchasing second-hand 747-400s, the majority of
which are powered by PW4000 engines. These aircraft are entering service
either as passenger aircraft or as converted freighters under a previously
announced deal with Boeing.
Pratt & Whitney has more than 17,000 aircraft engines in service with
hundreds of airlines around the world. Additionally, Pratt & Whitney is a
leading partner in two joint venture companies to manufacture commercial
aircraft engines: the International Aero Engines (IAE) V2500, which
operates on the Airbus A320 family of aircraft, and the Engine Alliance
(EA) GP7200 engine, FAR 33 certified on 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., 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, or jennifer.arsenault@pw.utc.com
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