Pratt & Whitney to Provide PurePower® PW1500G Engines on up to 30 Bombardier CSeries Aircraft for Korean Air
PARIS AIR SHOW, Tuesday, June 21, 2011
Pratt & Whitney will power up to 30 Bombardier CSeries®* aircraft based on a Letter of Intent (LOI) signed by Korean Air. The LOI covers 10 firm and 10 option aircraft, as well as purchase rights for an additional 10. Up to 60 PW1500G series engines and two spare engines would power the aircraft. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).
"Korean Air is a long-time, valued customer of Pratt & Whitney," said Todd Kallman, President, Pratt & Whitney Commercial Engines & Global Services. "We are honored that they will soon fly a next generation aircraft with Pratt & Whitney dependable PurePower engines."
Each Bombardier CSeries aircraft is powered by two PurePower PW1500G series engines. The PurePower PW1000G series engines use an advanced gear system allowing the engine's fan to operate at a different speed than the low-pressure compressor and turbine. The combination of the gear system and an all-new advanced core deliver double-digit improvements in fuel efficiency, environmental emissions and noise.
Korean Air, headquartered in Seoul, South Korea, is one of the world's top 20 airlines and is the top-ranked international cargo airline. The airline offers flights to 112 cities in 39 countries. It is a founding member of SkyTeam, the global airlines.
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. Please visit www.utcaero.com for news from Pratt & Whitney and United Technologies at the Paris Air Show 2011.
This release includes "forward looking statements" concerning future business opportunities and other matters involving this engine 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 strength of end market demand in the aerospace industry; as well as company specific items including the ability to achieve cost reductions at planned levels; challenges in the design, development, production and support of advanced technologies including this engine, and new products including the engine discussed in this press release; and delays and disruption in delivery of materials and services from suppliers. 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.
* CSeries is a trademark of Bombardier Inc. or its subsidiaries.
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