Pratt & Whitney Wins US$40 Million PW4000 Engine Order from CIT Aerospace

FARNBOROUGH, England, July 14 /PRNewswire/ -- FARNBOROUGH AIR SHOW -- CIT Aerospace, one of the world's leading aircraft leasing organizations, has selected Pratt & Whitney PW4000-100" engines to power its new Airbus A330-200 aircraft. The contract is valued at more than US$40 million at list prices with engine deliveries in the fourth quarter of 2009. Pratt & Whitney is a division of United Technologies Corp. (NYSE: UTX).

"We are delighted with the performance of our current Pratt & Whitney-powered fleet," said Tony Diaz, executive vice president, CIT Aerospace, Commercial Airlines. "The improved fuel efficiency and performance of the PW4000-100" engine with the Advantage(TM) technology upgrade is especially attractive to our customers as they look to reduce costs and improve environmental performance."

CIT's portfolio includes several additional Airbus and Boeing aircraft powered by Pratt & Whitney engines.

"CIT Aerospace is a market-leader and we are excited to continue to support their growth with this follow-on order," said Todd Kallman, president, Pratt & Whitney Commercial Engines. "The PW4000-100" engine with Advantage technology brings the right combination of performance and value for the Airbus A330 and we are excited to deliver that value to CIT Aerospace and its customers."

The PW4000-100" engine with Advantage technology will bring improved environmental and economic performance for the A330 family of aircraft. The Advantage technology upgrade delivers enhanced engine performance, lower fuel consumption, increased durability and reduced maintenance costs.

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, 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 building industries.

This release includes "forward looking statements" concerning anticipated business opportunities 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 changes in the health of the global economy and the aerospace industry. For information identifying other important economic, political, regulatory, legal, , competitive and other uncertainties, see UTC's 10-K, 10-Q and other reports filed with the SEC.

SOURCE Pratt & Whitney