Santa Isabel, Puerto Rico, July 22, 2014 – The Commonwealth of Puerto Rico and UTC Aerospace Systems celebrated today the expansion of the company’s presence on the island. UTC Aerospace Systems has created more than 200 highly-skilled jobs and UTC Aerospace Systems affiliates in Puerto Rico plan to invest an additional $9M in local Santa Isabel operations to meet increased demand for its products. UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE: UTX).
"These new jobs show that our policies to strengthen and diversify Puerto Rico’s industrial base continues to bear fruit, recognizing emerging sectors, such as aerospace, that match the country's strengths”, said Governor Alejandro García Padilla.
Puerto Rico represents a manufacturing center of excellence for UTC Aerospace Systems. At its site located in the southern municipality of Santa Isabel, the company develops a diverse set of products that are critical for some of the corporation’s largest customers, manufacturing over 3,900 parts and components for the aerospace industry and exporting over 163,000 pieces a year. The main products manufactured in Puerto Rico are printed circuit boards, electric and emergency power generation systems, and pressure, temperature and flow controllers.
“UTC Aerospace Systems has a strong manufacturing presence in Puerto Rico and we’re pleased to be able to expand upon it and support the local economy,” said Héctor Ortiz, director, Puerto Rico Operations for UTC Aerospace Systems. “We extend a special thank you to Governor García Padilla and the Puerto Rico Industrial Development Company for their support of our business in Santa Isabel.”
With approximately $15M invested during the last year, UTC Aerospace Systems is driving growth to its local operations and increasing its manufacturing capabilities.
The Puerto Rico Industrial Development Company (PRIDCO) has been instrumental to the growth and commitment of UTC Aerospace Systems, providing support and incentives for job creation and infrastructure improvements.
“The acceleration of Puerto Rico’s aerospace industry, and therefore the transformation of our economy continues with this announcement”, said Antonio Medina, Executive Director of PRIDCO. “The company joins others like Lufthansa and Honeywell who have recently committed new investments in Puerto Rico, demonstrating the real advances of our economic and industrial development plan. Similar deals are underway and we are confident that they will provide the necessary economic push that Puerto Rico needs.”
UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities. The company has operated in Puerto Rico since 1992, first under the name of Hamilton Sundstrand Corporation. In 2012, UTC Aerospace Systems was formed by combining two industry leaders, Hamilton Sundstrand Corporation and Goodrich Corporation.
United Technologies Corp., based in Hartford, Connecticut, provides high technology products and services to the building and aerospace industries.
Since 1942, the Puerto Rico Industrial Development Company (PRIDCO) has been committed to attracting investment and creating jobs for Puerto Rico. Operating as a government owned economic development organization; PRIDCO offers support to companies in areas such as aerospace, life sciences, information technology and electronics. For more information about PRIDCO please visit www.pridco.com. Follow us @FomentoPridco or find us at Facebook/PRIDCO.