Techspace Aero Signs Agreement With P&W

Techspace Aero, a 67 percent-owned subsidiary of Safran, has signed a long-term agreement with Pratt & Whitney to provide lube and scavenge pumps and oil reservoirs for the PurePower® engine family for the Bombardier CSeries, Mitsubishi Regional Jet and Embraer E-Jet aircraft families.

"At Techspace Aero, we are excited to extend our collaboration on Pratt & Whitney's PurePower engine program. This agreement confirms Techspace Aero's position as a world key player for oil equipment" said Yves Prete, president and CEO of Techspace Aero. "We have been working with Pratt & Whitney since the early 1980s, and have partnered with them on other products such as the Engine Alliance GP72000. This agreement further strengthens our long-term relationship with Pratt & Whitney and memorializes our intent to continue to work together."

"We are proud to sign this agreement with Techspace Aero, a world leader in the design of lube systems for gas turbine engines," said Danny Di Perna, senior vice president, Engineering and Operations. "Pratt & Whitney is actively signing long-term agreements with high-performing suppliers to grow our capacity and prepare to increase production of our commercial and military engines. Through this agreement, Techspace Aero will be an important part of our production ramp as they meet our demanding performance requirements and provide parts for our next generation engines for the next decade and beyond."

Source: Pratt & Whitney, A United Technologies Company (NYSE:UTX)
Date: Feb 16, 2015