SINGAPORE AIR SHOW -- Korean Air selected Pratt & Whitney's PW4170 Advantage70(TM) 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.
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 commercial building industries.
This release includes "forward looking statements" concerning expected revenue and other matters that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the health of the global economy; strength of end market demand in the commercial aerospace industry; fluctuation in commodity prices, interest rates, and foreign currency exchange rates.
For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.
source: http://www.avionics-intelligence.com/news/2012/02/15/pratt-whitney-wins-200-million-pw4000-advantage70-tm-engine-order-from-korean-air.html
"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.
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 commercial building industries.
This release includes "forward looking statements" concerning expected revenue and other matters that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the health of the global economy; strength of end market demand in the commercial aerospace industry; fluctuation in commodity prices, interest rates, and foreign currency exchange rates.
For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.
source: http://www.avionics-intelligence.com/news/2012/02/15/pratt-whitney-wins-200-million-pw4000-advantage70-tm-engine-order-from-korean-air.html
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