United Technologies Corp. Announces Pratt & Whitney Expansion at West Palm Beach Facility
United Technologies Corp. (NYSE:UTX) today announced that its Pratt & Whitney unit will expand manufacturing capabilities at the company’s West Palm Beach facility.
The formal announcement was made by UTC Chairman and Chief Executive Officer Louis Chênevert and Florida Gov. Rick Scott during a press conference today at the West Palm Beach facility, which is shared by both Pratt & Whitney and Sikorsky Aircraft Corp., another United Technologies company.
Pratt & Whitney plans to invest more than $63 million to construct and equip a new building and make improvements to existing space at the facility. Construction is expected to begin in the first half of 2013. Overall, the expansion is expected to result in creation of 230 new jobs. To support this expansion, Pratt & Whitney will receive incentives from both the State of Florida and Palm Beach County valued at approximately $4.4 million.
Click here to read the UTC press release.