Pratt & Whitney Welcomes Airbus A320 Family Assembly Line to United States

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Jul 02, 2012, 12:48 ET

MOBILE, Ala., July 2, 2012 /PRNewswire/ -- Today, Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX) welcomed an Airbus announcement that it will establish a manufacturing facility in the United States to assemble and deliver A320 family aircraft. The new Airbus plant will be located at the Brookley Aeroplex in Mobile, Alabama, and it will be Airbus' first U.S.-based production facility. Pratt & Whitney provides engines for the entire Airbus A320 family of aircraft - the PurePower® PW1100G-JM engine and the V2500 engine through IAE International Aero Engines.

"Airlines continue to recognize the tremendous value of the A320 aircraft as they upgrade their fleets. Airbus' decision to open a new production facility and create high-tech jobs here in the United States is a very positive sign for the entire aerospace industry," said UTC Chairman and Chief Executive, Louis Chenevert. "I applaud the Airbus leadership team for their vision and long-term commitment to supporting customers in the United States and around the world."

"Today's announcement by Airbus is great news for the American aerospace industry and American workers," said Pratt & Whitney President, David Hess. "Pratt & Whitney looks forward to building on our longstanding partnership with Airbus and powering many of the aircraft being assembled in Mobile."

To date, Pratt & Whitney has announced 976 firm engine orders for the PurePower PW1100G-JM engines for the A320neo family of aircraft. The PW1100G-JM engine will be the first engine to power the world's best-selling narrowbody aircraft when it enters service in 2015.

IAE is a multinational aero engine consortium whose shareholders consist of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation (JAEC) and MTU Aero Engines GmbH (MTU). To date, over 5,000 V2500 engines have been delivered and nearly 2,000 more engines are on order for the Airbus A320 family of aircraft.

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 future business opportunities and other matters involving this engine 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 weakness in global economic conditions and in end-market demand for new aircraft, including the aircraft discussed in this press release; as well as company-specific items including the ability to achieve innovative designs and product performance benefits at planned levels and within the anticipated time frames; challenges in the design, development, production and support of advanced technologies and new products including the engine discussed in this press release; and delays and disruption in delivery of materials and services from suppliers. 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.

For more information on the Pratt & Whitney PurePower engine, visit www.purepowerengines.com

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For more information on the V2500 engine, visit
http://i-a-e.com/