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United Technologies to sell Rocketdyne unit to GenCorp Inc. — Press Release

HARTFORD, Conn., July 23, 2012 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) today announced it has reached agreement to sell its Rocketdyne unit, currently part of Pratt & Whitney, to GenCorp Inc. for $550 million. The transaction is expected to close in the first half of 2013.

As previously announced, proceeds from the sale will be used to repay a portion of the short-term debt incurred to finance the proposed acquisition of Goodrich Corporation. The transaction is subject to customary closing conditions, including regulatory approvals.

“We are pleased to announce GenCorp’s agreement to purchase Rocketdyne. It is a significant step in our ongoing portfolio transformation,” said UTC Chairman & Chief Executive Officer Louis Chenevert. “While it is not core to UTC’s commercial building systems and aerospace businesses, Rocketdyne is a solid company and a national asset with many talented employees. Leading up to the closing with GenCorp, we will remain focused on operational excellence and 100 percent mission success.”

United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.

This release includes “forward looking statements” concerning a proposed transaction, its financial and business impact, management’s beliefs and objectives with respect thereto, and management’s current expectations for our future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “confident” and other words of similar meaning in connection with a discussion of future operating or financial performance. It is uncertain whether the events anticipated will transpire, or if they do occur what impact they will have on the results of operations and financial condition of UTC and of the combined companies. These forward looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including but not limited to the ability of the parties to satisfy the conditions precedent and consummate the proposed transaction, the timing or consummation of the proposed transaction, the ability of the parties to secure regulatory approvals in a timely manner or on the terms desired or anticipated, and the ability to realize opportunities for growth and innovation. Other important economic, political, regulatory, legal, technological, competitive and other uncertainties are identified in the SEC filings submitted by UTC and Goodrich from time to time, including their respective Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, and Current Reports on Form 8-K. The forward looking statements included in this press release are made only as of the date hereof. UTC does not undertake any obligation to update the forward looking statements to reflect subsequent events or circumstances.

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Annual Reports to Congress Detail JSF Cost Growth

Each year the Pentagon submits reports on their major programs to Congress. These are called the Selected Acquisition Reports (SAR) and detail program’s costs and schedules. The SAR reports give a good picture of where the bulk of U.S. investment funds are going.

This year they were dominated by the one for the F-35 Joint Strike Fighter (JSF) made by Lockheed Martin (LMT).

This year the F-35 has been split into two programs to explain cost with the F135 engine made by Pratt & Whitney, part of United Technologies (UTX), being detailed separately. For this report the total price of the program which is for acquisition only the aircraft cost increased just over three percent to $331.8 billion. The majority of this increase was driven by plans to reduce production quantities in the near term causing a higher price.

The engine estimate increased almost ten percent to $63.9 billion because of an increase in the price of the initial sparing package for the system. The reduction in production quantities increased cost by just under a billion dollars.

The JSF has made some progress in testing and development. The initial low rate production contracts are delivering aircraft. The costs are going to increase in the short term due to the decision to stretch out production and reduce the near term quantities. This means a higher individual price for the aircraft.

Overall there was some increase to the total planned spending because the Pentagon is predicting higher inflation in the next several years. This causes annual growth in program’s budgets to reflect this growth.

Interestingly three programs were reported as having their planned production cut significantly. These are Raytheon’s (RTN) AIM-9X air-to-air missile, Boeing’s (BA) C-130 Aviation Modernization Program (AMP), and the Joint Land Attack Cruise Missile Defense Elevated Netted Sensor System (JLENS) also made by Raytheon. JLENS is a tethered aerostat that provides sensors and data link capability to support air defense systems for the Army.

There is probably no near term solution to the JSF cost increase until steady state production is reached and quantities become economic. By then development will be almost complete and the design fairly mature. That though could be several years.

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F-35 Continued Production Lands P&W Engine Contract

The F-35 will continue production in FY12 and FY13. The Pentagon has gone ahead and ordered the FY12 buy from Lockheed Martin (LMT) for another 30 or so aircraft for the U.S. Air Force, Marines and Navy as well as various foreign partners. This contract was awarded in December. The full production buy follows the advance procurement purchase made last year to support the long lead items for the latest production batch of the advanced fighter. The future of the program may get more interesting depending on how big a cut the Pentagon needs to make in the FY13 and out. The F-35 Joint Strike Fighter is the biggest acquisition program in history if all parts of it are executed coming in at well over a trillion dollars for production and support over the program’s lifetime. In order to save funding cuts to this total investment might become easy.

As part of the F-35 production there has to be engines and now that the fight between the F-135 manufactured by Pratt & Whitney, part of United Technologies (UTX), and the alternate engine from General Electric (GE) and Rolls-Royce (RR:LSE) is over those orders need to go to Pratt.

This means that last week as part of the upcoming advanced procurement for future aircraft P&W received a contract worth almost $200 million to support the engine production for 37 F-35 for the U.S., Italy and Australia.

The F-35 despite the fact that the budget wars about to affect the Pentagon may seriously change the program has had a few good weeks. First, Japan decided to buy it to replace some of their F-15 aircraft. Turkey also decided to buy two of the aircraft from a potential order of 100.

The contracts could be worth billions to Lockheed Martin and its supporting contractors as well aid the U.S. by decreasing the price of their aircraft. Every F-35 sold to another country will help keep production quantities up and prices down.

Overall the F-35 forms the core of the U.S. plans to modernize its aircraft fleets. Cuts in its quantities will only mean a requirement for older aircraft to fly longer at greater cost or reduced capability for the United States. This means despite the potential for reductions in U.S. defense spending the F-35 will remain a large part of the budget for the next several years.

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Pentagon Clarifies Cost Increases on the JSF Production

A few weeks ago when a funding reprogramming from the Defense Department was submitted to the Congress for their consideration it caused Senator John McCain (R-AZ) and the Senate Armed Services Committee (SASC) to question the program’s status. As part of the request it was asked by the Air Force to move over $240 million to pay cost increases on the F-35 Joint Strike Fighter (JSF) first production contracts. The total bill was actually closer to $750 million as the plan was to move internal JSF funding to make up the difference. Needless to say given the history of the program the SASC was not happy to see the further increases.

As part of their response McCain and Senator Levin (D-MI), the Chair, sent the Defense Department six questions about the reprogramming and the program’s funding status. One of the questions asked the Government to state how much of the cost increase is recoverable and most interestingly the cost to terminate the program.

The Pentagon has now responded to parts of the letter. They revealed that Lockheed Martin (LMT), the prime contractor, and Pratt & Whitney, part of United Technologies (UTX), will pay $283 million of the increase based on the cost sharing provisions of the production contracts.

One could assume this means the total bill to the Government now is below $500 million once this figure is subtracted. Unfortunately that is wrong. The total increase may ultimately be closer to $1 billion and the $283 million is the contractor share with the Pentagon picking up the rest, or just over $700 million. Pratt & Whitney estimates that their portion of the increase is about 6% of the total cost of the contracts.

The F-35 has suffered a series of production delays and cost increases due to testing issues and changes in the design of the aircraft. It had long been expected that there would be cost increases with the first three production batches. The Senate, though, has been trying to draw a hard line on future cost increases and have written into their version of the 2012 Authorization Act a requirement that Lockheed pick up all cost overruns beyond the target price and that the contract be a fixed price one. Normally at this stage in the program where much development and testing remains the contract would be cost plus and there would be some risk sharing as on the current ones.

There are many who are starting to get tired of the JSF status. The program has been re-baselined and repriced but it is not near its original schedule and cost. That is why the SASC raised the idea of terminating the program at its current state. This would be expensive, although no official estimate has been made, and would still leave the requirement for a new aircraft that would either require a new development program or a decision to buy an existing U.S. or foreign aircraft.

As with most things about the JSF there will be more to come in the near future on these latest rounds of cost increases and their ultimate effect on the program.

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As F-136 Engine Ends Pratt & Whitney Celebrates F-135 Progress for JSF

The F-35 Joint Strike Fighter (JSF) being developed by Lockheed Martin (LMT) is the key modernization program for the U.S. military for the next few decades. The new Lightning II aircraft will replace U.S. Air Force, Navy and Marine Corps assets from the Cold War era as well as equip several Allied nations. It is also the largest, most expensive military acquisition program in history. Ultimately several thousand of the aircraft will be built in three variants for use from land bases, aircraft carriers and to supply the short vertical-take-off-and-landing (V/TOL) mission. A key component of this as with any other modern aircraft is the engine. The primary one for the JSF will be the F-135 under development by Pratt & Whitney, a United Technologies (UTX) company.

Up to this year the U.S. was pursuing a dual source for the F-35 engine albeit against the wishes of the Defense Department. Congress funded Rolls-Royce (RR:LSE) and General Electric (GE) to develop the F-136 as a form of risk reduction and potential cost savings to the program. Every year for the last several the Department did not request funding for this effort and Congress would add it through the appropriations process. The Obama Administration continued the practice of trying to end the effort and in April made the decision to terminate the contract with the two companies. The two companies continue to lobby Congress and will for now maintain some effort using their own internal funds.

While this is going on in the background P&W continue to support the F-35 program as a whole. Recently the delivered the engine for the latest production batch, LRIP 3. This is the first production lot that will see all three U.S. services receive aircraft as well as two of the Allied participants, the United Kingdom and the Netherlands. The delivery also represents the 21st engine delivered by P&W for the Low Rate Initial Production (LRIP) part of the JSF program.

Also the company received the order for the next batch, LRIP 4, which is worth a little over a billion dollars for the F-135. This is for 37 engines, technical support and engineering services. The latest contract continues price reductions over previous ones which is expected as the program matures and begins larger and more stable orders.

The size of the engine contract alone illustrates the cost and complexity of the program. It also shows why there is such competition for the work. Ideally you would have two suppliers for such a critical piece but the F-35 already went through a fly off an downselect between Boeing (BA) and Lockheed which included the use of the F-135. The program has seen such schedule slip and cost growth that continuing two engines while it may be risk reduction to some may also be unaffordable.

Until the Congress and Defense Department finally agree on just using the F-135 there will be attempts to keep the F-136 alive. At the same time the program continues with more and more production utilizing only the P&W product providing more revenue and earnings to that company.

Photo from kenhodge12’s flickr photostream.

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Sigma Labs, Inc. Awarded US Navy Contract for Direct Digital Manufacturing of Metallic Aircraft Parts — Press Release

April 26, 2011 by · 1 Comment
Filed under: Business Line, Companies, Events, Press Releases 

Sigma Labs, Inc. Awarded US Navy Contract for Direct Digital Manufacturing of Metallic Aircraft Parts

SANTA FE, N.M., April 26, 2011 /PRNewswire/ — Sigma Labs, Inc. (OTCBB: SGLB.OB) announced today that it was awarded on March 23, 2011, a Phase I Small Business Innovation and Research (SBIR) contract by the US Navy for rapid qualification of parts made using Direct Digital Manufacturing (DDM).

Mark Cola, President of Sigma Labs, stated, “We are pleased to receive this contract, which will generate up to $150,000 in revenues, as it enhances our current US Air Force Phase II SBIR contract that we expect to complete in 2011 and will generate up to $750,000 in revenues. The US Navy contract extends our IPQA technology and will allow us to focus on developing and deploying a product into this fast-growing market segment.”

Richard Mah, CEO of Sigma Labs, added, “DDM has come a long way since we initiated early developments in the 1980s at Los Alamos. Within a few years, we believe that parts will go directly from computer models to physical hardware, and onto aircrafts faster and more reliably than ever before. We are pleased to be a key part of this significant development in manufacturing.”

About Sigma Labs, Inc.

Sigma Labs, Inc. comprises leading scientists and engineers from Los Alamos National Laboratory with over 75 years of combined industrial R&D experience and has become a developer of manufacturing and materials technologies and an important R&D provider to first-tier integrators, including Boeing, Honeywell, and Pratt & Whitney, as well as to commercial firms within the United States and internationally. Sigma Labs, Inc. currently has contracts with both the federal Government and private industry to develop technologies from their conception through the design, building, and testing of prototype systems. Sigma Labs, Inc. is aggressively designing and developing innovative sensing, software products, materials technologies and other unique manufacturing quality assurance solutions for the federal Government and our commercial clients. Visit Sigma Labs at www.sigmalabsinc.com.
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Cobham Receives Five-Year, US $45M Long-Term Agreement from Pratt & Whitney for Advanced Composite Products — Press Release

Cobham Receives Five-Year, US $45M Long-Term Agreement from Pratt & Whitney for Advanced Composite Products

SAN DIEGO, California – Cobham has received a five-year, US $45 million long-term agreement from Pratt & Whitney, a United Technologies Corp. company, to manufacture advanced composite products for multiple military aircraft engine applications.

Cobham will produce advanced, medium and high temperature composite structures for both the F135 and F119 engines at the company’s state-of-the-art production facilities in San Diego, California and Suffolk, Virginia.

“We are proud to have this opportunity to grow our excellent working relationship with Pratt & Whitney, and have worked closely with Pratt & Whitney to provide assured manufacturing capabilities for their F135 engine,” said Jeremy Wensinger, president of Cobham Defense Systems division. “This long term agreement represents an important step in realizing our growth plans, and will be establishing dual manufacturing lines in both San Diego and Suffolk to preclude any natural or man-made disasters from taking down the production line.”

Pratt & Whitney’s F135 propulsion system is the engine of choice for the F-35 Lightning II Joint Strike Fighter, a fifth generation, advanced, single-engine tactical fighter. The F135 is the derivative of the proven F119 engine, the technologically advanced turbofan engine exclusively powering the U.S. Air Force’s F-22 Raptor.

Cobham has been a key supplier to Pratt & Whitney for more than five years for a variety of composite applications for both military and commercial aircraft engines.

About Cobham

Cobham’s products and services have been at the heart of sophisticated military and civil systems for more than 75 years, keeping people safe, improving communications, and enhancing the capability of land, sea, air and space platforms. The Company has three divisions employing more than 11,000 people on five continents, with customers and partners in over 100 countries and annual revenue of some £1.9bn / $3 billion.

About Cobham Defense Systems:

Cobham Defense Systems division designs, develops and manufactures critical technology for network centric and intelligence operations, enabling transmission and management of information for the digital battlefield. Cobham radar products, specialist antennas and microwave subsystems play critical roles in many of the world’s major defense systems and platforms, including the Aegis radar system, F-35 Lightning II Joint Strike Fighter and Standard Missile. The Defense Systems division also provides specialist scientific, systems engineering and technical assistance (SETA) services to Intelligence and Missile Defense agencies.

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Pratt & Whitney to Deliver First JT8D-219 Engine for Re-engined Joint STARS Aircraft — Press Release

Pratt & Whitney to Deliver First JT8D-219 Engine for Re-engined Joint STARS Aircraft

EAST HARTFORD, Conn., March 3, 2011 /PRNewswire/ — Pratt & Whitney will deliver its first reconfigured JT8D-219 engine, to Northrop Grumman later this month as part of the U.S. Air Force’s re-engined E-8C Joint Surveillance Target Radar System (Joint STARS) aircraft program. This delivery comes on the heels of FAA certification of several modifications to the engine. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.

“This delivery is yet another notable milestone in the long history of the JT8D engine,” said Bev Deachin, vice president, Military Programs and Customer Support, Pratt & Whitney. “The JT8D-219 engine will enable a re-engined Joint STARS aircraft to operate with more thrust, while consuming less fuel, compared to the TF33 engines originally installed. This gives the Joint STARS aircraft higher operational altitude and longer mission duration, while significantly reducing the maintenance burden of the older engines. It’s a win-win proposition for our U.S. Air Force customer.”

Among the engine’s configuration modifications are: a nickel high-pressure compressor rotor system that provides enhanced corrosion resistance, external changes to accommodate mounting the engine under the aircraft’s wing, an enhanced bleed override system, and higher load-carrying towershaft and gearbox elements to accommodate increased power extraction.

If the U.S. Air Force chooses to retrofit its entire Joint STARS fleet, production quantities could be in excess of 80 engines. The JT8D-219 engine is assembled and tested in Pratt & Whitney’s Middletown, Conn., facility.

The current commercial JT8D-219 engine with external modifications has been certified to support B707 re-engining via the Supplemental Type Certificate approved by the FAA for Pratt & Whitney’s Joint Venture partner, Seven Q Seven. Seven Q Seven is a San Antonio, Texas-based company that converts and upgrades aircraft, primarily Boeing 707s, for commercial and military support applications. The E-8C is a modified B707-300.

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.
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Pratt & Whitney Propulsion System Successfully Powers First Flight of X-47B Navy/Northrop Grumman Unmanned Combat Air System Carrier Demonstration Program — Press Release

Pratt & Whitney Propulsion System Successfully Powers First Flight of X-47B Navy/Northrop Grumman Unmanned Combat Air System Carrier Demonstration Program

EAST HARTFORD, Conn., Feb. 7, 2011 /PRNewswire/ — Pratt & Whitney’s F100-PW-220U engine and exhaust system have successfully powered the first flight of the Navy / Northrop Grumman (NYSE: NOC) X-47B flight test aircraft for the U.S. Navy’s Unmanned Combat Air System Carrier Demonstration (UCAS-D) program. The successful flight took place at Edwards Air Force Base in California on Feb. 4 and lasted for approximately 29 minutes. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.

“Powering the first flight of the X-47B is a momentous event which we are proud to celebrate with our teammates from Northrop Grumman and the United States Navy,” said Jimmy Reed, director of Advanced Engine Programs for Pratt & Whitney. “This is a significant milestone for the UCAS-D flight test program, and initiates the flight evaluations of the unique capabilities of the X-47B.”

Northrop Grumman awarded a contract to Pratt & Whitney in 2008 to develop and integrate the engine and exhaust system for the X-47B. The Pratt & Whitney F100-PW-220U engine, a derivative of the F100-PW-220 and -220E engine models that power the F-15 Eagle and F-16 Falcon, enjoys the maturity gained from over 11 million hours of operational experience.

The F100-PW-220U engine is capable of providing up to 16,000 pounds of thrust and is intended for operation in a maritime environment, including carrier deck operations. The X-47B will demonstrate the capability of an autonomous, low-observable relevant aircraft to be integrated into carrier operations and perform the first-ever unmanned carrier launches and recoveries. Additional flight testing of the X-47B and certification for carrier operations will be conducted in preparation for at-sea carrier trials planned in 2013.

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 press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the companies’ Securities and Exchange Commission filings.

SOURCE Pratt & Whitney

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Pratt & Whitney’s Short Take Off/Vertical Landing Variant F135 Engine Receives Initial Service Release — Press Release

Pratt & Whitney’s Short Take Off/Vertical Landing Variant F135 Engine Receives Initial Service Release

EAST HARTFORD, Conn., Jan. 3, 2011 – Pratt & Whitney, a United Technologies Corp. (NYSE:UTX) company, has achieved initial service release (ISR) for the short take off and vertical landing variant (STOVL) F135 engine, marking another major milestone. The propulsion system is now certified as the production configuration and cleared for flight in the Lockheed Martin F-35B stealth fighter. Pratt & Whitney received ISR for the conventional take off and landing/carrier variant (CTOL/CV) F135 engine in February 2010.

“Achieving initial service release for the STOVL propulsion system means all three variants of the F135 engine have met all necessary requirements and proven the safety, reliability and performance of this product. We are one step closer to powering operational flights,” said Bennett Croswell, vice president of F135/F119 Engine Programs, Pratt & Whitney. “I am proud of the F135 STOVL team and our partners at Rolls-Royce, Hamilton Sundstrand and Lockheed Martin for this great program accomplishment. We look forward to seeing the F135-powered Lightning II in operational flight.”

The F135 is in production and is the only engine powering the F-35 Lightning II flight test program today. The F135 CTOL/CV engine and STOVL propulsion system continues to power the F-35 Lightning II with 540 flight tests and more than 750 flight test hours. The F135 has powered all 12 vertical landings and the F135 engine is demonstrating excellent reliability, performance and thrust response. To date, Pratt & Whitney has delivered 12 production F135 engines, including the first two production STOVL propulsion systems.

Pratt & Whitney has designed, developed and tested the F135 to deliver the most advanced fifth generation fighter engine for the United States and its allies around the world. The F135 has been further enhanced with technologies developed in several U.S. Air Force and Navy technology programs.

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 press release contains forward-looking statements concerning future business opportunities and operational engine performance. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in funding related to the F-35 aircraft and F135 engines, changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.’s Securities and Exchange Commission filings.

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Pratt & Whitney Joins MCA Solutions’ Growing List of Industry-Leading Aerospace & Defense Customers — Press Release

Pratt & Whitney Joins MCA Solutions’ Growing List of Industry-Leading Aerospace & Defense Customers

Deep Domain Expertise and Advanced Technology Keep MCA Solutions Out Ahead of Other Service Parts Planning Vendors

PHILADELPHIA (September 23, 2010) — Pratt & Whitney, a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines, is now live with the award-winning MCA Solution Suite for service parts planning and optimization in its Commercial Engines & Global Services (CE&GS) business. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.

“Pratt & Whitney’s broad range of material solutions lowers our customers’ overall cost of ownership and improves efficiency through predictable and stable maintenance costs and very high service levels,” said Louis Quattrocchi, vice president, Materials Management, Pratt & Whitney CE&GS. “MCA’s extensive aerospace and defense experience combined with its advanced optimization functionality will help us further by reducing inventory and increasing service levels across our global distribution network.”

Robert Tomastik, manager of CE&GS Materials Center of Excellence added, “The MCA Solution Suite provides an integrated software platform with advanced technology for spare parts demand forecasting and inventory planning and is a key enabler for global material optimization across our large-scale aftermarket network.”

MCA has spent years working with industry leaders, including Boeing, Lockheed Martin and the U.S. Navy. Pratt & Whitney is using MCA Demand Forecasting, Inventory Optimization, and Supply Planning to effectively plan and place spare parts throughout its global network to efficiently and cost-effectively service large commercial engines through various maintenance options, which include time and material plans, fixed-priced workscope options and complete dollar-per-hour fleet management plans.

“As many A&D organizations experience a reduction in the number of flying hours generated by their customers as a result of the economy, there’s enormous opportunity to bring new service offerings to market, including performance-based logistics (PBL) or cost per flight hour to reduce costs and increase customer satisfaction,” said Bob Salvucci, president and CEO of MCA Solutions. “We’re incredibly excited to have Pratt & Whitney join our growing portfolio of leading aerospace and defense companies, and look forward to helping the company continuously increase its service business revenue.”

As consolidation in the service parts planning and optimization arena picks up pace, MCA Solutions continues to stand on its own – consistently winning more competitive deals than any other vendor in the space. For more information on MCA Solutions, please visit www.mcasolutions.com.

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About MCA Solutions

MCA Solutions’ award-winning service parts planning and optimization software helps aerospace and defense, high-tech and capital equipment companies of all sizes transform their service supply chains into bottom-line business drivers, by reducing inventory, lowering support costs and improving service levels to maximize customer satisfaction. MCA Solutions is a privately held company headquartered in Philadelphia, and can be reached at www.mcasolutions.com. The company is now blogging at http://blog.mcasolutions.com/.

MCA Solutions, and MCA Solution Suite are trademarks of MCA Solutions, Inc. All other trademarks are property of their respective owners.

About Pratt & Whitney

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.

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TransDigm Completes Acquisition of Semco Instruments Inc. — Press Release

September 6, 2010 by · Comment
Filed under: Acquisitions, Business Line, Companies, Events, Press Releases 

TransDigm Completes Acquisition of Semco Instruments Inc.

CLEVELAND, Sept. 3 /PRNewswire-FirstCall/ — TransDigm Group Incorporated (NYSE:TDG) , a leading global designer, producer and supplier of highly engineered aircraft components, today announced that it has completed the acquisition of Semco Instruments Inc. (Semco) for approximately $74 million in cash that was previously announced on August 6, 2010.

Semco, which is based in Valencia, CA, manufactures proprietary, highly engineered components for all major turbo-prop, turbo-fan, and turbo-shaft engines manufactured by Pratt Whitney, Honeywell, and General Electric, among others. Semco products are primarily used on helicopters, business jets and selected regional airplanes. Semco had annual revenues for calendar year 2009 of approximately $38 million, with significant aftermarket content.

About TransDigm Group

TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/ electromechanical actuators and controls, ignition systems and components, gear pumps, specialized valves, engineered connectors, power conditioning devices, specialized fluorescent lighting, specialized AC/DC electric motors, aircraft audio systems, engineered latches and cockpit security devices, lavatory hardware and components, hold open rods and locking devices, specialized cockpit displays, elastomers, NiCad batteries/chargers, and starter generators and related components.

Source: TransDigm Group Incorporated

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Pratt & Whitney Completes First PurePower® PW1524G Engine — Press Release

Pratt & Whitney Completes First PurePower® PW1524G Engine

MIDDLETOWN, Conn., Aug. 25 /PRNewswire-FirstCall/ — Pratt & Whitney has completed assembly on its first PurePower PW1524G engine for the Bombardier* CSeries* aircraft and will deliver the engine to the company’s West Palm Beach, Fla., facility later this month to initiate testing. The engine Last Bolt Ceremony was held today at Pratt & Whitney’s Middletown Engine Center in Connecticut. This engine marks the beginning of an eight-engine validation and certification program. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.

“Completion of the first PW1524G engine for testing is an important milestone for the CSeries aircraft program,” Benjamin Boehm, vice president, Commercial Aircraft Programs for Bombardier, told Pratt & Whitney employees at the Last Bolt Ceremony today. “We have worked closely with Pratt & Whitney engineers over the past two years to optimize engine performance as we integrated this powerplant into our airplane design. We are very pleased with the progress of the engine program to date and that Pratt & Whitney has completed first engine assembly on time.”

“When we told the world that this engine would change everything, we meant it,” said Bob Saia, vice president, Next Generation Product Family. “The completion of this first full PW1524G engine on time keeps the program on schedule to deliver its extraordinary benefits to customers in 2013. Earlier this year we completed our engine core test program, demonstrating performance and operability on our design targets. This engine will be tested to supplement the core testing, enabling us to demonstrate the full engine performance. Our engine is not a concept. It is real and we have data to validate our product capability.”

The PW1500G engine test program will run a total of eight test engines over the next 24 months with engine certification and aircraft first flight scheduled for 2012. Entry into service is scheduled for 2013. Bombardier has sold CSeries aircraft to German flag carrier, Deutsche Lufthansa, Lease Corporation International and Republic Airways.

Pratt & Whitney recently concluded PurePower engine core testing with more than 260 accumulated test hours. In addition to the core testing, Pratt & Whitney has performed critical module-level testing for the PurePower engine program, including fan drive gear system testing with simulations of more than 60,000 takeoffs and landings, and hundreds of hours of testing on the low and high-pressure compressor with advanced designs meeting or exceeding efficiency and operability goals.

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.

* Bombardier and CSeries are trademarks of Bombardier Inc. or its subsidiaries.

For more information on the Pratt & Whitney PurePower engine, visit www.purepowerengines.com
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Pratt & Whitney Delivers Final F135 Flight Test Engine, First Lot of Production Engines — Press Release

Pratt & Whitney Delivers Final F135 Flight Test Engine, First Lot of Production Engines

EAST HARTFORD, Conn., May 26 /PRNewswire-FirstCall/ — Pratt & Whitney has delivered the final F135 flight test engine and the first lot of F135 production engines to the customer, marking yet another major program milestone as the engine continues to successfully power the F-35 flight test program. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.

“With these two significant milestones achieved, the F135 engine continues its unprecedented demonstration of maturity and dependability for the F-35 Lightning II,” said Bennett Croswell, Vice President of F135 and F119 Engine Programs. “Delivering the final F135 test engine and the first lot of F135 production engines is clear evidence that the F135 has successfully transitioned from a development program to a full production program.”

The full complement of 29 test engines delivered by Pratt & Whitney includes 11 ground test engines and 18 flight test engines. The first lot of F135 production engines consists of four CTOL engines all destined for aircraft that will support the flight training program at Eglin Air Force Base, Fla.

“The F135 program has had a remarkable year completing critical milestones including surpassing 17,500 test hours, receiving Initial Service Release Certification for our Conventional Take Off and Land variant engine, and achieving first vertical landing powered by our Short Take Off Vertical Land variant engine. These two engine delivery milestones further highlight Pratt & Whitney’s dedication to the F-35 program and commitment to our customers,” Croswell said. “I am so proud of the Pratt & Whitney F135 team who have a never-ending focus to deliver on our promises of quality, cost and performance.”

Pratt & Whitney, the only engine manufacturer producing fifth generation propulsion systems, has designed, developed and tested the F135 to deliver the most advanced fifth generation fighter engine for the U.S. Air Force, Marine Corps and Navy, as well as for eight international partner countries. The F135 is derived from proven technology of the only operational fifth generation fighter engine, the Pratt & Whitney F119 that exclusively powers the F-22 with nearly 300,000 hours. It has been further enhanced with technologies developed in several Air Force and Navy technology programs.

The F135 propulsion system has proven it can meet diverse aircraft requirements, and the ground and flight test experience demonstrates the capability of the F135 engine for armed forces around the world. The Pratt & Whitney F135 engine continues to be the only engine powering the successful Lockheed Martin Flight Test Program.

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.

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Pratt & Whitney Awarded $65 Million Contract for F100 Engine Maintenance — Press Release

Pratt & Whitney Awarded $65 Million Contract for F100 Engine Maintenance

EAST HARTFORD, Conn., April 29 /PRNewswire-FirstCall/ — The U.S. Air Force awarded Pratt & Whitney a $65 million contract to provide maintenance for F100 engines powering F-16 fighter aircraft from various international F100 customers, including Egypt, Jordan, Taiwan and Thailand. The three-year contract contains extension options, making the potential value approximately $100 million over the life of the contract. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.

Under this contract, Pratt & Whitney will provide F100 module overhaul maintenance for its foreign military customers operating F100-PW-220 and F100-PW-229 engines. The overhaul work will be done at Pratt & Whitney’s San Antonio, Texas, facility and cover the fan, engine core, low pressure turbine, high pressure turbine and gearbox in the F100 engine.

“Pratt & Whitney is proud to provide its foreign military customers first-class F100 engine maintenance support at our San Antonio facility,” said Bill Begert, vice president, Military Business Development & Aftermarket Services, Pratt & Whitney. “Pratt & Whitney’s world-class maintenance turn times will allow our customers to maintain their engine fleets at high levels of readiness and keep them in the air protecting their borders.”

Pratt & Whitney military engines include the F135 for the F-35 Lightning II, the F119 for the F-22 Raptor, the F100 family that powers the F-15 and F-16, the F117 for the C-17 Globemaster III, the J52 for the EA-6B Prowler, the TF33 powering AWACS, Joint STARS, B-52, and KC-135 aircraft, and the TF30 for the F-111. In addition, Pratt & Whitney offers a global network of Maintenance Repair and Overhaul and Military Aftermarket Services focused on maintaining engine readiness for our customers.

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 press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in the F100 engine or F-15/F-16 aircraft funding, changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation’s Securities and Exchange Commission filings.

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Curtis-Wright To Provide Parts For The F-35

Lockheed Martin (LMT) awarded Curtis-Wright (CW) a contract to provide structural components and some hardware for the F-35 Joint Strike Fighter’s missile carrying and launching system. There was no value reported for this contract.

Lockheed is the prime contractor for the troubled advanced, stealthy jet that ill replace the F-16, F/A-18 and AV-8 aircraft in use by the U.S. and many allies. The program has suffered major cost increases over the last few years including a report this year of a significant breach to the Cost Baseline. This will require Congress to re-certify the need for the program which is expected due to its extreme importance.

The JSF is being assembled out of many different parts and pieces from several companies. Alcoa and Northrop Grumman are providing major fuselage assemblies, Pratt & Whitney the engine and so on.

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Pratt & Whitney and Irkut Sign First Contract to Begin Work on PurePower(R) PW1400G Engine for MC-21 Aircraft — Press Release

Pratt & Whitney and Irkut Sign First Contract to Begin Work on PurePower(R) PW1400G Engine for MC-21 Aircraft

MOSCOW, April 12 /PRNewswire-FirstCall/ — Pratt & Whitney and Russia’s Irkut Corporation have signed a contract for the companies to begin preliminary design activities on the Pratt & Whitney PurePower® PW1400G engine, which was selected to power the Irkut MC-21 aircraft. The contract represents the beginning of the development of the third airframe application for the PurePower engine, which will provide customers a significant reduction in fuel burn and noise with lower environmental emissions and operating costs than today’s engines. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX) .

Irkut plans to develop the MC-21 as a family of 150 to 210-passenger aircraft with the first flight planned for 2014 and entry into service in 2016.

“We are pleased to work with Irkut to offer the many economic and environmental benefits of the PurePower engine to the MC-21 aircraft,” said Todd Kallman, president, Pratt & Whitney Commercial Engines & Global Services. “Our Geared Turbofan(TM) engine architecture offers unprecedented advantages in the reduction of fuel burn, noise, emissions and operating costs. We believe our engine offers the best benefits possible to Irkut’s potential customers and provides a competitive advantage.”

The PurePower PW1000G engine features an advanced gear system that allows the engine’s fan to operate at a slower speed than the low-pressure compressor and turbine. The combination of the gear system and an advanced core delivers double-digit improvements in fuel efficiency and environmental emissions and a 50 percent reduction in noise as well as reduced maintenance costs.

With core testing in progress and full engine testing scheduled this summer for the engine’s first applications, the PurePower engine program fully supports the Irkut MC-21 development timeline.

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 new products and anticipated future revenues. These matters are subject to any necessary government approvals and potential risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the health of the global economy and strength of end market demand in the commercial aerospace industry; challenges in the design, development, production and support of advanced technologies and new products and services; and delays and disruption in delivery of materials and services from suppliers. For information identifying other important economic, political, regulatory, technological, competitive and other uncertainties, see UTC’s 10-K and 10-Q Reports submitted to the U.S. Securities and Exchange Commission, including the information 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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Pratt & Whitney Delivers First Production F135 Engine — Press Release

Pratt & Whitney Delivers First Production F135 Engine

SINGAPORE, Feb. 2 /PRNewswire-FirstCall/ — SINGAPORE AIR SHOW — Pratt & Whitney has delivered the first F135 production engine for the F-35 Lightning II, a major milestone and clear demonstration of the maturity of the F135 engine. The engine has accrued more than 13,000 hours in test during the development program. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.

“The F135 engine program accomplishments and this initial production delivery milestone demonstrate we are continuing our legacy of fielding the most advanced military jet engine technology to the benefit of the warfighter,” said Warren Boley, Vice President of F135 engine programs. “The F135 engine has reached a level of maturity after 13,000 hours of successful testing, building on heritage of the proven F119 engine powering the F-22.”

“We are immensely proud of our final product as well as our partnership with the U.S. government, Lockheed Martin and Rolls-Royce,” Boley said. “We are committed to delivering the safest, most powerful, affordable and reliable propulsion system for the F-35.”

Pratt & Whitney has designed, developed and tested the F135 to deliver the most advanced fifth generation fighter engine for the U.S. Air Force, Marine Corps and Navy, as well as eight international partner countries. The F135 is derived from proven technology of the only operational fifth generation fighter engine, the Pratt & Whitney F119 that powers the F-22. It has been further enhanced with technologies developed in several Air Force and Navy technology programs.

The F135 propulsion system has proven it can meet diverse aircraft requirements, and the ground and flight test experience demonstrates the maturity and the associated reliability of the F135 engine for armed forces 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., is a diversified company providing high technology products and services to the global aerospace and building industries.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in funding related to the F-35 aircraft and F135 engines, changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.’s Securities and Exchange Commission filings.

Erin Dick
Pratt & Whitney Military Engines
860.557.0122
860.565.9600
[email protected]

Source: Pratt & Whitney

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Pratt & Whitney Delivers Final Conventional Take Off and Landing/Carrier Variant F135 System Development and Demonstration Engine — Press Release

Pratt & Whitney Delivers Final Conventional Take Off and Landing/Carrier Variant F135 System Development and Demonstration Engine

EAST HARTFORD, Conn., Jan. 5 /PRNewswire-FirstCall/ — Pratt & Whitney has delivered its final Conventional Take Off and Landing/Carrier Variant (CTOL/CV) F135 flight test engine to the F-35 Joint Program Office, marking another major milestone as the program transitions from System Development and Demonstration to production. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.

“I am tremendously proud of the Pratt & Whitney F135 team who has worked so tirelessly over the last eight years, in partnership with the F-35 Joint Program Office and Lockheed Martin, to get to this significant point in the F135 program,” said Warren Boley, Vice President of F135 Engine Programs. “This final CTOL/CV F135 engine delivery is another demonstration of the continued maturing of this engine program, which has logged more than 12,850 test hours and will begin production engine deliveries later this month.”

Pratt & Whitney has delivered 17 flight test engines and expects to deliver the final Short Take Off and Vertical Landing (STOVL) flight test engine early this year.

“What makes this milestone even more exciting is that it signifies a transition from development activity to production, as we are poised to deliver our first production CTOL/CV F135 engine within several days of delivering this final CTOL flight test engine,” Boley said. “We are proud to continue successfully powering the F-35 Lightning II flight test program, and our eyes are also trained on the day when our first production F135 CTOL engine will be installed in a production F-35 and delivered to our military men and women.”

Pratt & Whitney has designed, developed and tested the F135 to deliver the most advanced fifth generation fighter engine for the U.S. Air Force, Marine Corps and Navy, as well as eight international partner countries. The F135 is derived from proven technology of the only operational fifth generation fighter engine, the Pratt & Whitney F119. It has been further enhanced with technologies developed in several Air Force and Navy technology programs.

The F135 is the only engine powering the F-35 Lightning II flight test program. The F135 propulsion system has proven it can meet diverse aircraft requirements, and the ground and flight test experience demonstrates the maturity and the associated reliability of the F135 engine for armed forces 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., is a diversified company providing high technology products and services to the global aerospace and building industries.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in funding related to the F-35 aircraft and F135 engines, changes in government procurement priorities and practices or in the number of aircraft to be built; challenges in the design, development, production and support of technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.’s Securities and Exchange Commission filings.

Erin Dick
Pratt & Whitney Military Engines
860.557.0122
860.565.9600
[email protected]

Source: Pratt & Whitney

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C-17 Engine Support Contract Worth About $1.4 Billion

Last week we wrote about the award to Boeing of the C-17 maintenance support contract. Now the Air Force is getting ready to award that company and Pratt & Whitney a contract to support the engines of the transport fleet. If all options on the contract are exercised it could be a three year one worth $1.4 billion.

Because C-17 production has been ended by the Obama Administration these kind of support contracts are the only work available for the aircraft. Both Boeing and P&W are looking at issues due to the decision to cancel the F-22 as well. P&W made the engines for that aircraft.

Most programs cost is the long term support and this is certainly a viable business model for many companies. There is no requirement that the be done by the Original Equipment Manufacturer (OEM) although in this case the OEM is getting the work. In the past especially as the equipment gets older other companies are able to get the business.

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