Pratt & Whitney Share of V2500® Engine Order from Sichuan Airlines Valued at US$80 Million

SINGAPORE, Feb. 15, 2012 /PRNewswire/ -- SINGAPORE AIR SHOW -- Sichuan Airlines has selected International Aero Engines to provide V2500 engines to power eight new A320 series aircraft. The order includes a long-term aftermarket services agreement. The deal is valued at approximately $80 million for Pratt & Whitney.  Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).

Deliveries will commence in January 2014 and continue into 2015.

Over the past 16 years, IAE has provided engines and services to Sichuan's A320 fleet that has grown to 85 aircraft in service and on order. Since 2008, IAE has held the distinction of being the airline's preferred engine supplier and supports Sichuan's current fleet operations of 60 V2500-powered aircraft.

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

IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines.  Through 2011, over 4,900 V2500 engines have been delivered and nearly 2,000 more engines are on order with close to 200 customers around the world.

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., U.S.A.  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 http://www.pw.utc.com/
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SOURCE Pratt & Whitney

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