Pratt & Whitney Announces $1.5B in Commercial Engine Sales at the Farnborough International Airshow

EAST HARTFORD, Conn., July 27 /PRNewswire-FirstCall/ -- Pratt & Whitney and its partner companies, International Aero Engines (IAE) and Engine Alliance (EA), announced several new engine and service agreements last week at the Farnborough International...

• Pratt & Whitney Global Material Solutions for the first time displayed newly manufactured CFM56-3 engine castings at the show. The castings included the first to fourth stage LPT blades, LPT first Vane Cluster, HPT first blade, HPT first vane assembly and HPT shroud. Certification and first customer deliveries of these parts are scheduled for early 2007.

• IAE announced Indonesian low-cost carrier Lion Air has signed a long-term aftermarket agreement. The agreement is valued at $35 million and will cover Lion Air's fleet of five Boeing MD-90s.

• IAE announced Vietnam Airlines had selected IAE's V2500 engines to power 10 Airbus A321 aircraft in a deal valued at more than $170 million.

"This is an exciting time to be at Pratt & Whitney, and an exciting time to be in the commercial engine business," Finger told reporters at the airshow. "We are the world's only provider of OEMRO(TM) engine solutions, with a full range of engines and services for our products and competitors' products in every segment of the industry."

At Farnborough, Finger said, it was more evident than ever that, "In aerospace, the Pratt & Whitney Eagle is everywhere."

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies provides high-technology products and services to the 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.

SOURCE Pratt & Whitney

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