Pratt & Whitney Announces More Than 1,000 New Engine Orders; Highlights F135 Engine Milestone at 2013 Paris Air Show
Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), announced new orders for more than 1,000 engines, including options, and highlighted key milestones for its military engines programs - including the F135 engine - at the 2013 Paris Air Show.
The company's new commercial engine announcements include orders from customers around the world for new PurePower®, IAE V2500 and Pratt & Whitney PW4000 engines. With new PurePower engine orders announced this week, Pratt & Whitney now has more than 4,500 orders and commitments, including options, from more than 40 customers around the world, which helped the company maintain its lead position of more than 50 percent of Airbus A320neo engine orders.
"2013 has been a tremendous year for the PurePower engine and we're very pleased with the amount of confidence customers are showing in it," said Pratt & Whitney President David Hess. "The engine continues to achieve major milestones - including last month's first test flight of the PW1100G-JM engine that will power the Airbus A320neo. We are also making tremendous progress on the F135 program in delivering the safest, most affordable and reliable propulsion system for our U.S. and international partners, and for a growing community of allied nation customers. The future remains bright for Pratt & Whitney."
During the air show, Pratt & Whitney's Military Engines business announced delivery of its 100th F135 engine for the F-35 Lightning II. To date the engine has powered 3,136 flights and 4,953 flight test hours, with more than 26,000 development and flight test hours completed. F-35B STOVL aircraft have accomplished more than 400 vertical landings.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, auxiliary and ground power units and small turbojet propulsion products. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries. To learn more about UTC, visit the website or follow the company on Twitter: @UTC.
This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the programs described in this release. Risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the effect of economic conditions in the markets in which we operate, including financial market conditions, and fluctuation in interest rates, commodity prices and foreign currency exchange rates; levels of end market demand in the aerospace industry, including levels of demand for the new aircraft described in this release; levels of air travel; financial difficulties of commercial airlines; the financial condition of suppliers; and challenges in the design, development, production and support of advanced technologies and new products and services. 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.