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Pratt & Whitney Wins US$133 Million Order for V2500 Engines from Aviation Capital Group

Written by thomas · Filed Under Commercial 

July 16, 2008

thomas

FARNBOROUGH, England, July 16 /PRNewswire-FirstCall/ — FARNBOROUGH AIR
SHOW — Aviation Capital Group has selected the International Aero Engines
V2500 engine to power 25 Airbus A320 family aircraft. The deal is worth in
excess of $133 million to Pratt & Whitney if all options are exercised.
Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, is a
major participant in International Aero Engines.

Aviation Capital Group currently owns 49 V2500-powered aircraft.
Deliveries of these new aircraft will begin in 2011.

The V2500-A5 is available in seven different thrust settings ranging
from 22,000 lbs. to 33,000 lbs. to power the Airbus A319, A320 and A321
family of aircraft, as well as the A319 Corporate Jet. More than 5,000
V2500 engines are in service or on firm order. V2500Select(R) is a tailored
package combining aftermarket support and the V2500 SelectOne(TM) engine
upgrade, providing operators with reduced operating costs and a predictable
budget.

International Aero Engines is a multinational aero engine consortium
whose shareholders comprise Pratt & Whitney, Rolls-Royce, the Japanese Aero
Engines Corporation and MTU Aero Engines. More than 1,300 V2500-powered
aircraft have been delivered and the worldwide fleet has accumulated over
40 million flying hours.

Pratt & Whitney has over 16,000 aircraft engines installed with
hundreds of airlines around the world. Additionally, Pratt & Whitney is a
leading partner in two joint venture companies that manufacture commercial
aircraft engines: International Aero Engines, which makes the V2500 for the
Airbus A320 family of aircraft, and the Engine Alliance, whose GP7200
engine is FAR 33 certified for the new Airbus A380.

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. 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.

SOURCE Pratt & Whitney

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