Pratt & Whitney Wins US$283 Million Order for V2500 Engines from Lufthansa

EAST HARTFORD, Conn. , Jan. 27 /PRNewswire/ -- Lufthansa has selected International Aero Engines to power a new order for 20 firm Airbus A321's plus options with the V2500 SelectOne(TM) engine. The contract is valued at more than $283 million to Pratt & Whitney, if all options are exercised. Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, is a major participant in International Aero Engines (IAE).

Lufthansa has operated IAE engines for 15 years and currently operates 33 aircraft equipped with V2500 engines.

The V2500 is available in seven different thrust settings, from 22,000 to 33,000 lb., to power the Airbus A319, A320 and A321 family of aircraft as well as the Airbus Corporate Jetliner. More than 5,500 V2500 engines are in service or on firm order.

The V2500 SelectOne(TM) build standard delivers an additional one percent fuel burn advantage, along with a corresponding reduction in CO2 emissions. It improves time on-wing by up to 20 percent and is compliant with the most stringent CAEP / 6 NOx standards. It entered service on time in October 2008 .

IAE is a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines. More than 1,300 V2500-powered aircraft have been delivered and the worldwide fleet has accumulated over 40 million flying hours.

Pratt & Whitney has over 16,000 aircraft engines installed with hundreds of airlines around the world. Additionally, Pratt & Whitney is a leading partner in two joint venture companies that manufacture commercial aircraft engines: International Aero Engines and the Engine Alliance, whose GP7200 engine entered service last year 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. , is a diversified company providing high technology products and services to the global aerospace and 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.

SOURCE Pratt & Whitney