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Pratt & Whitney Wins US$270 Million Order for V2500 Engines from Shenzhen Airlines

Written by thomas · Filed Under Aeronautics News 

July 16, 2008

thomas

FARNBOROUGH, England, July 16 /PRNewswire-FirstCall/ — FARNBOROUGH AIR
SHOW — China’s Shenzhen Airlines has selected the International Aero
Engines V2500 to power 28 Airbus A320 family aircraft and back the engine
order with a long-term V2500Select(R) agreement. The combined engine and
aftermarket deal, which represents the first V2500 order from Shenzhen, is
valued at more than $270 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 (IAE).

Shenzhen Airlines currently operates a fleet of 19 Airbus A320 family
aircraft with a further 14 on firm order. The aircraft will have the
SelectOne(TM) build standard, with delivery beginning in June 2009.

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.

IAE 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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