UTC OTIS UTC CLIMATE, CONTROLS & SECURITY PRATT & WHITNEY UTC AEROSPACE SYSTEMS

Contact

Photo Caption

Photo 1: Pratt & Whitney and Lufthansa Technik signed strategic MRO agreements, establishing Lufthansa Technik as a key member of the Pratt & Whitney Geared Turbofan engine MRO network, and naming Lufthansa Technik as Pratt & Whitney's principal provider of mobile engine maintenance services for V2500®, PW1100G-JM, PW1500G and PW1900G engines. Pictured from left to right are: Dr. Johannes Bussmann, chairman of the Executive Board of Lufthansa Technik, and Matthew Bromberg, president, Pratt & Whitney Aftermarket.
PRESS RELEASE

Lufthansa Technik to Become Principal Provider of Pratt & Whitney Global Mobile Engine Services

FARNBOROUGH, UNITED KINGDOM, Tuesday, July 12, 2016

Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, and Lufthansa Technik, a global leader in aircraft engine maintenance, repair and overhaul (MRO), together announced that Lufthansa Technik will become Pratt & Whitney's principal provider of mobile engine maintenance services for V2500®, PW1100G-JM, PW1500G and PW1900G engines. This new cooperation will provide Pratt & Whitney customers with more efficient and cost-effective engine maintenance.

"This agreement significantly strengthens our leading role as a global technical services provider for engine overhaul and mobile support. The increasing trend towards light engine maintenance is crucial to avoid unscheduled engine removals as well as cost-intensive, time consuming maintenance," said Dr. Johannes Bussmann, chairman of the Executive Board of Lufthansa Technik. "We combine the power of our vast network of technicians around the globe, our long-lasting expertise in MRO services, and our ability to develop innovative technical solutions with Pratt & Whitney's deep OEM knowledge to bring efficient service directly to the tarmac where airlines need it the most."

"This expanded capability offers Pratt & Whitney customers the most tailored maintenance possible with the least impact to their operations," said Matthew Bromberg, president of Pratt & Whitney Aftermarket. "Lufthansa Technik's on- or near-wing services, performed when and where they are needed, helps us provide faster service to our customers."

The Lufthansa Technik Group, with more than 30 subsidiaries and associates and over 26,000 employees worldwide, is one of the leading providers of technical services for the aviation industry. The company offers the entire spectrum of services for commercial aircraft: engineering and consulting services, maintenance, repair, overhaul, modification and conversion, engines, landing gears and components. To learn more about Lufthansa Technik, visit its website at www.lufthansa-technik.com or follow the company on LinkedIn at www.linkedin.com/company/lufthansa-technik.

The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders are Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. V2500 is a registered trademark of IAE International Aero Engines AG.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.'s Securities and Exchange Commission filings.