Pratt & Whitney Wins $200 Million PW4000 Advantage70™ Engine Order from Korean Air
SINGAPORE AIR SHOW, Singapore, Tuesday, February 14, 2012
Korean Air selected Pratt & Whitney’s PW4170 Advantage70™ engine to power five new Airbus A330 aircraft. The agreement, valued at approximately $200 million, represents 10 firm PW4170 engines. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.
“We are proud that Korean Air, one of the world’s top airlines, has again selected Pratt & Whitney engines to power their new Airbus A330 aircraft,” said Todd Kallman, Pratt & Whitney Commercial Engines & Global Services president. “This agreement further strengthens our already strong relationship.”
Korean Air, headquartered in Seoul, South Korea, is one of the world's top 20 airlines and top-ranked international cargo airlines. The airline offers flights to 119 cities in 40 countries. It is a founding member of SkyTeam, the global airline alliance.
Pratt & Whitney offers the Advantage70 both as a new engine and as an upgrade kit for existing PW4168 engines. The upgrade includes a suite of technology enhancements that can be incorporated into a fleet during engine overhaul. Advantage70 technology delivers superior engine performance, including a 2 percent thrust increase, more than 1 percent reduction in fuel consumption, increased durability, and reduced maintenance costs.
About Pratt & Whitney
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, including with regard to the contract described in this release. 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, technological, competitive and other uncertainties, see UTC's 10-K, 10-Q and other reports filed with the SEC.
Learn more at www.pw.utc.com/oemro