Newsletter Subscription

Saturday, Oct 10, 2015

P&W Signs More Than $10 Bn in Long-Term Agreements with Suppliers

Within the last year, Pratt & Whitney, a United Technologies Corp. company (NYSE: UTX), has signed more than $10 billion in long-term agreements with more than 90 key product suppliers from across the globe. The agreements are helping to solidify the company's manufacturing network as it prepares for an increase in commercial and military engine production.

These agreements secure supply of parts decades into the future, and are with suppliers who provide key parts and components for all Pratt & Whitney products including the PurePower® engine family, auxiliary power units, Pratt & Whitney Canada engines as well as the F135 military engine that will power the F-35 Lightning II.

Related Research on
Aircraft Fuel Systems Market - Global Forecasts to 2020

"These agreements highlight the value of Pratt & Whitney's ongoing capacity increase efforts and proven industry-leading products and technology," said Danny Di Perna, senior vice president, Pratt & Whitney Engineering & Operations. "The suppliers who have signed long-term agreements offer the highest quality and best value for Pratt & Whitney's engine components, and will provide secure sources of valuable parts for engines for years to come."

These suppliers have committed to the highest delivery and quality standards to provide high-quality parts on time while meeting cost commitments.

"We are sourcing for the large volume engine and spares production that will occur in the next decades, right now," said Sergio Loureiro, vice president, Pratt & Whitney Strategic Sourcing and Contracts. "Suppliers willing to invest in capacity and capability to meet our stringent quality, delivery and cost metrics can be a part of our joint journey of growth, but they must do so soon."

Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.

Source : Pratt & Whitney, A United Technologies Company (NYSE:UTX)

Published on ASDNews: May 20, 2014


Tactical Power Sources Summit 2016

Jan 25 - 27, 2016 - Washington, United States

Register More info

ITAR/EAR Beyond the Basics Seminar

Mar 8 - 9, 2016 - Austin, United States

Register More info

Civil & Commercial Unmanned Aerial Systems Symposium

Oct 27 - 28, 2015 - Washington, United States

Register More info

© 2004-2015 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs