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Pratt & Whitney Share of Air Lease Corporation Order Valued at $165 Million

16 Aug, 2010 @ 12:49 pm EDT
  • Comments comments 7
United Technologies Corp. (UTX), Aerospace, Air, Computer Electronics, Connecticut

EAST HARTFORD, Conn., Aug. 16 /PRNewswire-FirstCall/ -- Air Lease Corporation (ALC) has selected International Aero Engines (IAE) V2500 engines to power 30 Airbus A320 aircraft ordered at the 2010 Farnborough Air Show. The value of the order to Pratt & Whitney at list prices is approximately $165 million. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company and a major participant in IAE.

The selection is for the V2500 SelectOne(TM) build standard, and it represents the first engine order the new lessor has announced for its A320 fleet. Deliveries are scheduled to begin in 2011.

The V2500 is available in seven different thrust settings, from 22,000 to 33,000 lbs., to power the Airbus A319, A320 and A321 family of aircraft as well as the A319 Corporate Jet.

The V2500 SelectOne(TM) build standard delivers an additional 1 percent fuel burn advantage, along with a corresponding reduction in CO2 emissions, and it improves time on-wing by up to 20 percent compared to a standard V2500-A5. It is compliant with the most stringent CAEP/6 NOx standards. It entered service in October 2008.

IAE is a multinational aero engine consortium comprised of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines. There are more than 5,500 V2500 engines in service around the world or on firm order.

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 building industries.

This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the contract described in this release. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in the health of the global economy and the aerospace industry. 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.

Learn more at www.pw.utc.com

Facebook: www.facebook.com/prattandwhitney

Twitter: www.twitter.com/prattandwhitney


    Katy Padgett                                    Emily DeSantis
    Commercial Engines & Global Services            Pratt & Whitney
    +1-860-565-3433                                 +1-860-597-1293
    Kathleen.Padgett@pw.utc.com                     emily.desantis@pw.utc.com

SOURCE Pratt & Whitney

For more iinformation, go to www.prnewswire.com
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1
17.
February
23rd, 2012
6:00am

16.
December
28th, 2011
3:14am

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15.
December
28th, 2011
3:14am

Bulgaria’s domestic consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and products, is projected to be worth around in 2012. 2011 was another difficult year for consumer electronics vendors in the Bulgarian market, as Bulgarian households responded to an environment of high unemployment and inflation by increasing savings. In H111 leading consumer electronics player K&K Electronics reported a 10% drop in sector demand, while electronics and office supplies retailer Plesio reported just growth in the year through April.Bulgarian consumer electronics spending is projected to increase at a driven by the growing popularity and affordability of digital lifestyle products such as notebook computers and flat-screen TV sets.Microsoft Corp., a 20-year stalwart of the annual Consumer Electronics Show, has decided to fold up its booth and move on after the 2012 show in January.The products is designed to benefit budding entrepreneurs, fledgling start-ups, home grown innovation and small companies looking to gain footing in the consumer electronics industry. The Consumer Electronics will also feature CES keynotes and the Innovations Design and Engineering Showcase, as well as Eureka Park, a hot spot for venture capitalists, investors, media and more than industry professionals looking for the next big thing in technology.Consumer confidence in the broad economy may have improved ahead of the holidays, but the Consumer Electronics Show in Las Vegas in January has a good tailwind offering the expectation of a boost in 2012 ahead of the key January show… consumer confidence regarding technology spending rose to a yearly high in December.
14.
December
24th, 2011
11:33pm

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December
20th, 2011
3:09am

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December
13th, 2011
9:45pm

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