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Pratt & Whitney Delivers Final Production F119 Engine to the U.S. Air Force — Press Release

EAST HARTFORD, Conn., Jan. 17, 2013 /PRNewswire/ — Pratt & Whitney Military Engines today delivered the 507th and last production F119 engine to the U.S. Air Force for its F-22 Raptor fleet. The F119 Final Engine Delivery ceremony at the Middletown, Conn. Engine Center was held with representatives from the Air Force, Lockheed Martin and Boeing in attendance. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.

“This is a bittersweet occasion for those of us who have played a part in 12 years of successful production deliveries,” said Bennett Croswell, president of Military Engines at Pratt & Whitney. “The F119 production engine program might be ending but we look forward to a 30-40 year sustainment period in partnership with the Air Force to keep the fleet flying.”

The F119-PW-100 turbofan is the world’s first operational fifth-generation fighter engine in service and is providing dependable power for the F-22 Raptor, an aircraft known for its unparalleled maneuverability and its ability to “supercruise.” The engine, considered one of the Air Force’s most successful, is the forefather of the F135 propulsion system powering the F-35 Lightning II.

As Pratt & Whitney shifts from production to sustainment, the company has partnered with the U.S. Air Force at the Oklahoma City Air Logistics Center to manage scheduled overhauls of the F119 engine fleet.

“We accept this last production engine today, but are looking forward to our partnership with Pratt &Whitney in sustaining the F119 in the F-22 Raptor for decades to come,” said Colonel Gregory M. Gutterman, F-22 Program Director, Fighters and Bombers Directorate, Air Force Materiel Command, during today’s ceremony.

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, including with regard to the programs 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 government procurement priorities and practices, budget plans, availability of funding and in the type and number of aircraft in flight operations and hours flown; decisions to award contracts to competing suppliers; and challenges in the design, development, production and support of advanced technologies and services. 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.

For more information on the Pratt & Whitney F119 engine, visit http://www.pratt-whitney.com/F119_Engine

To view a video of Pratt & Whitney employees’ reflections on the F119 program, visit http://www.pw.utc.com/Videos/Story/f119-retrospective

For more information about Pratt & Whitney, visit http://www.pratt-whitney.com

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Pratt & Whitney to Develop Advanced Variable Speed Turbine for Army Rotorcraft — Press Release

EAST HARTFORD, Conn., Nov. 27, 2012 /PRNewswire/ – Pratt & Whitney, a unit of United Technologies Corp. (NYSE: UTX), has been awarded a contract by the U.S. Army to research and develop an Advanced Variable-Speed Power Turbine (AVSPOT) to meet the range and lift requirements for current and future force rotorcraft. The AVSPOT program is an initiative by the U.S. Army’s Aviation Applied Technology Directorate, in collaboration with NASA, to develop turbine technology that improves performance, efficiency, and affordability of rotorcraft engines, and to validate that technology in a laboratory environment by 2016.

Although future mission requirements are still being considered, the program aims to develop a power turbine that would allow future medium as well as large rotorcraft to hover at up to 10,000 ft and cruise at up to 25,000 ft altitude while maintaining high operating efficiency. Whereas current state of the art power turbines operate in the 95-105 percent speed range, AVSPOT is intended to allow rotorcraft to optimize power turbine speed in the range of 55-105 percent while optimizing fuel consumption, cost, weight and durability.

There are significant challenges to enabling the higher power and rotor speed needed for takeoff and climb, as well as slower optimized rotor speed at cruise.  To address these challenges, Pratt & Whitney is pursuing a technological approach that reduces the speed of the power turbine while optimizing its efficiency.

“Pratt & Whitney looks forward to participating in the AVSPOT program, and we’re confident we will be able to meet the mission profile requirements needed for future rotorcraft engines,” said Annette Jussaume, general manager, Small Military Engines. “We have the technology know-how that will allow us to develop an efficient high-power turbine that can operate over a wide range of engine speeds.”

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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UTC Reports Third Quarter EPS From Continuing Operations of $1.37; Affirms 2012 EPS Outlook of $5.25 to $5.35 and Increases Restructuring to $600 Million — Press Release

HARTFORD, Conn., Oct. 23, 2012 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) today reported third quarter 2012 results. All results in this release reflect continuing operations unless otherwise noted.

Earnings per share of $1.37 and net income attributable to common shareowners of $1.2 billion were down 4 percent and 3 percent, respectively, over the year ago quarter. Results for the current quarter include $0.09 per share of restructuring costs, offset by $0.09 of favorable one-time items. Earnings per share in the year ago quarter included $0.06 of restructuring costs, partially offset by $0.04 per share of net favorable one-time items. Before these items, earnings per share decreased 6 percent year over year. The effective tax rate for the quarter was 26.6 percent. Foreign currency translation, and hedges at Pratt & Whitney Canada, had an adverse impact of $0.07.

The acquisition of Rolls-Royce’s share of the International Aero Engines joint venture closed on June 29 and provided $0.03 of EPS accretion in the quarter. Net of transaction and financing costs, the acquisition of Goodrich Corporation, which closed on July 26, did not have an impact on EPS.

“The integration of Goodrich and IAE is off to a good start with solid underlying performance at both businesses,” said Louis Chenevert, UTC Chairman & Chief Executive Officer. “We now expect just $0.10 of EPS dilution from the Goodrich acquisition in 2012 versus our prior estimate of $0.20.”

Sales for the quarter of $15.0 billion were 6 percent above prior year. Net acquisitions provided 11 points of growth. Organic sales decreased 2 percent over the year ago quarter and foreign currency translation also had an adverse impact of 3 points. Third quarter segment operating margin at 14.2 percent was 160 basis points lower than prior year. Adjusted for restructuring costs and net one-time items, segment operating margin at 15.0 percent was 100 basis points lower than prior year, including the impact from the Goodrich acquisition. Research and development costs increased $125 million in the quarter to $590 million, including $101 million at Goodrich. Cash flow from operations was $1.6 billion and, less capital expenditures of $317 million, exceeded net income attributable to common shareowners.

“We expect earnings per share of $5.25 to $5.35 for 2012. Faced with a challenging economic environment, we are increasing our investment in restructuring this year to $600 million, up from our prior plan of $500 million, and continue to expect net one-time gains of $600 million,” Chenevert added. “Strong cash flow is a hallmark of UTC, and we now expect free cash flow to exceed net income for the full year.”

New equipment orders at Otis were up 7 percent over the year ago third quarter, including unfavorable foreign exchange of 4 percentage points. North American Residential HVAC new equipment orders at UTC Climate, Controls & Security grew 3 percent. Commercial spares orders were up 14 percent at Pratt & Whitney’s large engine business including the impact from the incremental IAE share. Organically, commercial spares orders were down 21 percent at Pratt & Whitney and down 6 percent at UTC Aerospace Systems.

“Due to the lack of recovery in the commercial aerospace aftermarket and continued uncertainty in the global economy, we now expect 2012 sales of $58 billion,” Chenevert added. “The portfolio transformation is substantially complete, and we are focused on integration and execution.”

As previously announced, the company does not anticipate share repurchase in 2012 due to the Goodrich transaction. UTC expects a full year effective tax rate of 29 percent excluding one-time items, down from the prior estimate of 29.5 percent.

Earnings per share from discontinued operations were $0.19 in the quarter. Results included $127 million of positive income tax adjustments associated with the legacy Hamilton Sundstrand Industrials businesses.
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United Technologies obtains regulatory approvals for Goodrich acquisition — Press Release

July 26, 2012 by · Comment
Filed under: Business Line, Companies, Events, Press Releases, UTC 

HARTFORD, Conn., July 26, 2012 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) today announced that all remaining regulatory approvals related to the proposed acquisition of Goodrich Corporation (NYSE: GR) have been obtained.

Today’s conclusion of the regulatory review by the U.S. Department of Justice and the European Commission clears the way for United Technologies to proceed with the proposed acquisition announced on Sept. 21, 2011. The acquisition is expected to close by the end of the week.

In line with previous expectations, the regulatory clearances require that UTC sell Goodrich’s Electric Power Systems business and Goodrich’s Connecticut-based Pumps and Engine Controls business. Also as expected, UTC will sell Goodrich’s interest in Aero Engine Controls (AEC), a joint venture with Rolls-Royce. The AEC aftermarket business will remain with UTC, but Rolls-Royce will have ability to purchase this aftermarket business in the future.

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 anticipated transactions, potential future transactions and management’s beliefs and objectives with respect thereto, 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 remaining conditions precedent and consummate the proposed acquisition, the timing or consummation of the proposed acquisition, the ability of the parties to complete the anticipated divestitures in a timely manner or on the terms desired or anticipated, the ability of UTC to integrate the acquired operations, the ability to implement the anticipated business plans following closing and achieve anticipated benefits and savings, 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 undertakes no obligation to update the forward looking statements to reflect subsequent events or circumstances.

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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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UTC Names Mick Maurer as President, Sikorsky Aircraft; Jeffrey P. Pino to Retire — Press Release

HARTFORD, Conn., May 7, 2012 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) today announced the appointment of Mick Maurer as President of its Sikorsky Aircraft Corp. subsidiary, effective July 1. Maurer will report to UTC Chairman & Chief Executive Louis Chenevert, succeeding Jeffrey P. Pino, who will retire July 1. To ensure a seamless succession, Pino and Maurer will collaborate closely during the next two months, after which Pino will serve as a consultant to Sikorsky.

Maurer joined UTC in 1989 at the corporation’s Otis Elevator Co. unit, where he worked in positions of increasing responsibility until 2000, when he joined Sikorsky as Vice President, Enterprise Planning & Development. Most recently, Maurer served as President of the Sikorsky Military Systems unit, responsible for U.S. and International Military program and product line management, customer relationships and military aircraft delivery. He is a graduate of the U.S. Naval Academy and holds a master’s degree in engineering from Johns Hopkins University and a Master of Business Administration degree from Stanford University.

“I am confident that under Mick’s leadership, Sikorsky will continue to deliver unmatched value to customers and UTC shareholders,” Chenevert said. “Mick is exceptionally well qualified to lead Sikorsky, given his demonstrated leadership capabilities, strong customer relationships and deep industry knowledge.”

Pino is completing a career in aerospace that spans nearly four decades. He is a retired Master Army Aviator and served in the U.S. Army for 26 years in the active duty, Guard and Reserve components. Prior to joining Sikorsky in 2002, he spent 17 years with Textron’s Bell Helicopter unit.

Pino became Sikorsky’s president in 2006 after previously serving as the company’s Senior Vice President for corporate strategy, marketing and commercial programs. During his years at Sikorsky, the company achieved significant growth, increased productivity and expanded margins, while continuing to invest in game-changing technology.

“Jeff Pino has done a remarkable job leading Sikorsky,” Chenevert said. “Under his leadership, Sikorsky has become more competitive while doubling its production rates to become the world’s largest helicopter manufacturer, and has expanded into new markets with the S-70i international version of the iconic BLACK HAWK helicopter.

“Jeff has positioned Sikorsky well for the future, overseeing the successful development of the CH-53K heavy-lift helicopter and Sikorsky’s X2 technology, which was recognized with the 2010 Collier Trophy and is now being incorporated into the S-97 RAIDER,” Chenevert said. “We congratulate Jeff on an outstanding career and wish him all the best in retirement.”

United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries. For more information, visit www.utc.com.

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Does Reports of United Technologies Acquisition Herald Start of Major Defense M&A?

Update — On 22 September United Technologies released a press release stating their intent to acquire Goodrich for an estimated price of $18.4 billion. This would be the largest defense and aerospace related acquisition in many years. The transaction will still take several months as it goes through regulatory review. The CEO of United Technologies stated “Goodrich delivers on all of our acquisition criteria. It is strategic to our core, has great technology and people, and strengthens our position in growth markets.”

Late last week various reports began to arise the United Technologies Corp. (UTX), a large and diverse company that among its products makes military helicopters and jet engines, was interested in acquiring either Goodrich Corp. (GR) or Rockwell Collins (COL). Both of these companies make aerospace components for military and commercial uses.

The cost of the deal would be quite high compared to other recent defense M&A. Somewhere in the neighborhood of $7 billion for Goodrich requiring United Technologies to borrow a large amount of the necessary capital. Last year Goodrich’s earnings were around $7 billion while United Technologies’ sales were about $54 billion. Rockwell’s most recent quarter showed $1.19 billion in sales.

All three companies make major components for civil and military aviation so they synergy of the acquisition is there. They also all have significant business with the U.S. Department of Defense and other militaries across the world. The move would also fit in with how United Technologies is organized as it keeps strict lines of business under separate former corporations such as Sikorsky Aircraft, Pratt & Whitney and Hamilton Sundstrand. Moving another company into the group would not be difficult.

To this point there have been some large M&A moves this year by large defense contractors. Both General Dynamics (GD) and Lockheed Martin (LMT) have acquired health technology companies recently with the GD move coming in at close to $1 billion. Northrop Grumman (NOC) also spun off their shipbuilding arm into a new company called Huntington Ingalls Industries (HII) rather then sell it but it still could be a target for acquisition.

This move by United Technologies though is much larger and seems to herald a return to the Nineties when medium and even large defense contractors were merged and acquired. This was due to the lack of demand from the U.S. compared to the decade previously and it is expected that U.S. defense spending will decline in the near future due to deficit issues and the reduction in combat in Afghanistan and Iraq. The Senate Appropriations Committee in their mark-up of 2012 spending froze it at 2011 levels which is a cut when compared to what the Administration requested of about $26 billion.

The acquisition also works well for United Technologies as both companies mentioned have a significant part of the civil aviation industry as it does itself. This will allow expansion there that would offset any decline in defense sales.

If this acquisition goes through it might start a chain of similar moves as defense contractors begin to adjust to the new market and parts are jettisoned or added. ITT Corporation just broke off its former defense business into a new company called ITT Exelis. This might be a target for acquisition as it should be similar to the $7 billion in price for Goodrich.

If the United Technologies deal does happen it might be what the defense industry needs to push companies to make decisions about larger M&A that could lead to market contraction similar to the Nineties. Although the Defense Department has made clear that they do not want any of the larger defense contractors merging with each other.

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Hamilton Sundstrand, AVIC EM finalize Agreement to Develop Commercial Aerospace Vapor Cycle System Joint Venture — Press Release

June 7, 2011 by · Comment
Filed under: Business Line, Companies, Events, Press Releases 

Hamilton Sundstrand, AVIC EM finalize Agreement to Develop Commercial Aerospace Vapor Cycle System Joint Venture

NANJING, China, June 6, 2011 /PRNewswire/ — Hamilton Sundstrand Corporation and AVIC Electromechanical Systems Company Limited (AVIC EM) have finalized plans and entered into a definitive contract to manufacture vapor cycle cooling systems in Nanjing, China. Hamilton Sundstrand is a subsidiary of United Technologies Corp. (NYSE: UTX), and AVIC EM is a subsidiary of Aviation Industry Corporation of China (AVIC).

The two companies announced a framework agreement for the joint venture at the Zhuhai Air Show in November 2010. The joint venture with AVIC EM’s Nanjing Engineering Institute of Aerospace Systems (NEIAS) is a 50/50 strategic partnership to build air management system components for the Chinese and international markets. Plans are in place to begin facility development in September 2011.

“Hamilton Sundstrand is looking forward to launching this exciting new venture with AVIC EM,” said Tom Pelland, Hamilton Sundstrand vice president and general manager for Air Management Systems. “We see strong growth in this market segment and we are delighted to partner with AVIC EM to make the new company a success.”

AVIC EM designs and produces a wide range of aerospace airborne systems and products for both the Chinese and international markets.

“The establishment of this joint venture in China offers many advantages,” said Jiao Yusong, general manager of NEIAS. “We are confident that this partnership will be successful based on the technologies and manufacturing experience that both parties offer.”

Hamilton Sundstrand began its presence in the Chinese civil aviation market in 1985 with the development of the Y7-200A aircraft. Today, Hamilton Sundstrand is a key systems supplier on COMAC’s 90-seat ARJ21 regional jet and the 150-seat class C919.

With 2010 sales of $5.6 billion, Hamilton Sundstrand is headquartered in Windsor Locks, Conn. Among the world’s largest suppliers of technologically advanced aerospace and industrial products, the company designs, manufactures and services aerospace systems and provides integrated system solutions for commercial, regional, corporate and military aircraft. It is also a major supplier for international space programs.

United Technologies Corp., based in Hartford, Conn., is a diversified company that provides high-technology products and services to the aerospace and building industries.

SOURCE Hamilton Sundstrand Corporation

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CPI Aerostructures Announces $2.85 Million Spares Contract from Sikorsky Aircraft

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has entered into a five year agreement covering up to $9.2 million in structural assemblies to be supplied to Sikorsky Aircraft Corp. for use as spares for its BLACK HAWK® military helicopter. The initial purchase order under this agreement is for $2.85 million. Delivery is expected to begin in early 2012. Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX). The agreemen

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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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CPI Aerostructures Announces $17.7 Million Contract Award from Sikorsky Aircraft

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has entered into a long term contract for a period of five years covering $17.7 million in structural assemblies and kits to be supplied to Sikorsky Aircraft Corp. for its S-92® civil helicopter program. Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX). The contract includes seventeen different deliverable items including door assemblies, cover assemblies, and various

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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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CPI Aerostructures Announces $2 Million Agreement with Sikorsky Aircraft for BLACK HAWK Gunner Windows

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has received a schedule agreement from Sikorsky Aircraft Corp. valued at up to approximately $2 million to manufacture gunner window assemblies for the BLACK HAWK helicopter. Sikorsky is a business unit of United Technologies Corp. (NYSE: UTX). The windows are a two piece construction located just behind the pilot on each side of the aircraft. They slide open for use by the machine gu

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ITT Delivers First Composite Assembly for New U.S. Marine Corps Helicopter

SALT LAKE CITY--(BUSINESS WIRE)--ITT Corporation (NYSE: ITT) has delivered its first major structural subassemblies for the CH-53K heavy lift helicopter to Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE:UTX). This delivery culminates nearly three years of advanced design, development, testing and manufacturing to provide sponsons for the CH-53K helicopter. These assemblies represent a significant technology advancement by applying composite materials – versus traditiona

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CPI Aero Awarded Supplier Gold Status from Sikorsky Aircraft Corporation

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE: UTX), has awarded CPI Aero its Supplier Gold status. UTC’s Supplier Gold program recognizes superior performance in quality, delivery, lean manufacturing and customer satisfaction. CPI Aero has manufactured complex structural assemblies for various models of Sikorsky aircraft, including the UH-60 BLACK HAWK and S-9

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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.

###

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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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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CPI Aerostructures Announces Order from Sikorsky Aircraft for Outer Wings for Fixed Wing Reconnaissance Aircraft

EDGEWOOD, N.Y.--(BUSINESS WIRE)--CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE Amex: CVU) announced today that it has received a purchase order from Sikorsky Aircraft for the manufacture of outboard wing assemblies for the SA-338B maritime patrol aircraft. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE:UTX). CPI Aero will be providing outer wing assemblies for two aircraft plus a separate wing designated for structural testing. Delivery of these assemblies is expected to beg

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First S-70i(TM) BLACK HAWK Helicopter Completes its Debut Flight — Press Release

First S-70i(TM) BLACK HAWK Helicopter Completes its Debut Flight

Newest Variant Charts Course for Global Company Growth

WEST PALM BEACH, Fla., July 1 /PRNewswire-FirstCall/ — The first S-70i(TM) BLACK HAWK helicopter has successfully completed its first flight, officially launching an international variant and the newest Sikorsky Aircraft product to follow in the legacy of the BLACK HAWK helicopter. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE:UTX).

Aircraft 0001, the first in the new product line, was built at PZL Mielec, a Sikorsky Aircraft company in Poland. PZL Mielec has been established as the hub of the S-70i program for international customers. The successful first flight of the S-70i aircraft took place on July 1 at the Sikorsky Development Flight Center.

“Aeronautical history was made today with the first flight of the S-70i BLACK HAWK helicopter. This aircraft has been designed and developed by an international team and is ready for the world market,” said Debra A. Zampano, S-70i Senior Program Manager, International Military Programs.

“We weathered the challenges of any development program by collaborating with our partners in Poland and our global suppliers. The language of innovation is universal, and the success of this program is proof of that: We are celebrating a key milestone of first flight executed on time and flawlessly.”

This new international variant utilizes a global supply chain and is the first BLACK HAWK helicopter ever to be assembled in Europe.

“As Sikorsky Aircraft continues to grow internationally, we recognize the significance of this new integration of manufacturing and supply chain activities as a major leap forward for our company,” said Michael Ambrose, Vice President, International Military Programs. “The S-70i BLACK HAWK helicopter brings together new technologies, new manufacturing capabilities, and a new design, all of which have resulted in the most advanced, tactical multi-mission helicopter that will provide reliable and safe transportation for militaries around the world.”

Sikorsky Aircraft Corp., based in Stratford, Conn., USA, is a world leader in helicopter design, manufacture and service. United Technologies Corp., based in Hartford, Conn., USA, provides a broad range of high technology products and support services to the aerospace and building systems industries.

This press release contains forward-looking statements concerning potential production and sale of helicopters. 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, budget plans or availability of funding 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 Corporation’s Securities and Exchange Commission filings.

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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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COMAC Selects Hamilton Sundstrand’s Kidde Unit to Provide C919 Integrated Fire and Protection System — Press Release

COMAC Selects Hamilton Sundstrand’s Kidde Unit to Provide C919 Integrated Fire and Protection System

WINDSOR LOCKS, Conn., May 13 /PRNewswire-FirstCall/ — Commercial Aviation Corporation of China, Ltd. (COMAC) has selected Kidde Aerospace & Defense, a Hamilton Sundstrand business unit, to provide the integrated fire and overheat protection systems for its new C919 aircraft. Hamilton Sundstrand is a subsidiary of United Technologies Corp. (NYSE:UTX) .

The system’s major portions include engine and APU fire detectors; wheel well and bleed duct overheat monitoring sensors; cargo and lavatory smoke detectors; fixed fire extinguishers for the engines, and APU and cargo compartment; portable fire extinguishers for the cockpit and cabin; and a new electronic control assembly which integrates these independent fire protection component technologies into a single system.

The program value is estimated to be worth more than $250 million in revenue over the program’s life.

“The C919 program reaffirms the relationship and commitment between Kidde and COMAC, which began with the ARJ-21 program,” said Brent Ehmke, Kidde Aerospace & Defense vice president and general manager. “We’re pleased that as COMAC’s commercial aviation continues to develop and grow, it will do so with Kidde’s fire protection technologies protecting these assets.”

COMAC previously selected another Hamilton Sundstrand business unit to provide the electric power generation and distribution systems for the new C919 aircraft.

COMAC is the Chinese commercial aircraft manufacturer established in May 2008.

Kidde Aerospace & Defense is a leading supplier of fire protection and safety systems for commercial and military aviation and ground vehicle applications. For more than 90 years, Kidde has defined the state-of-the-art in fire protection and safety systems, through advances in detection, suppression, inerting and other protection technologies.

With 2009 revenues of $5.6 billion, Hamilton Sundstrand is headquartered in Windsor Locks, Conn. Among the world’s largest suppliers of technologically advanced aerospace and industrial products, the company designs, manufactures and services aerospace systems and provides integrated system solutions for commercial, regional, corporate and military aircraft. It also is a major supplier for international space programs.

Hamilton Sundstrand began its presence in the Chinese aviation market in 1985 with the development of the MA60 aircraft. Today, Hamilton Sundstrand is a key systems supplier on COMAC’s 90-seat ARJ21 regional jet, supplying the electric power system, including the APS2600 Auxiliary Power Unit; the Ram Air Turbine; the high-lift actuation system, which includes flap and slat actuators, drive train, power drive units and controllers; fire protection systems; and the electrical power generation, primary distribution and emergency power system.

United Technologies Corp., based in Hartford, Conn., is a diversified company providing high technology products and services to the building and aerospace industries worldwide.
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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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Sikorsky and Lockheed Martin Announce Teaming Agreement to Compete for the VXX Presidential Helicopter Program — Press Release

Sikorsky and Lockheed Martin Announce Teaming Agreement to Compete for the VXX Presidential Helicopter Program

WASHINGTON, April 19 /PRNewswire-FirstCall/ — Sikorsky Aircraft Corporation, a subsidiary of United Technologies Corp. (NYSE:UTX) , and Lockheed Martin (NYSE:LMT) today announced the signing of a teaming agreement to compete jointly for the U.S. Navy’s revived VXX Presidential Helicopter program.

The agreement formally positions global helicopter manufacturer Sikorsky as the prime contractor offering its H-92(TM) medium-lift helicopter for the presidential transport mission with Lockheed Martin, a leading rotary wing systems integrator, as the major subsystems supplier.

Additionally, the two companies jointly submitted a response today to the U.S. Navy’s VXX request for information. The document details how a Sikorsky/Lockheed Martin team would design and manufacture the H-92 helicopter with integrated systems for the “Marine One” mission.

“We’re thrilled to team with Lockheed Martin to provide taxpayers and the U.S. government with a common sense solution for the next presidential aircraft both in terms of economy and technology,” said Scott Starrett, president of Sikorsky Military Systems. “For nearly four decades, Sikorsky and Lockheed Martin have teamed successfully to produce Naval Hawk(TM) helicopters, so we have a proven and formidable track record as a team.”

“Our VXX teaming agreement builds on an existing and highly successful 38-year relationship between Lockheed Martin and Sikorsky,” said Dan Spoor, Aviation Systems vice president at Lockheed Martin Mission Systems & Sensors in Owego, N.Y. “Formally combining Sikorsky’s success building and supporting the Marine One fleet with our understanding of the systems integration requirements will allow our team to offer a low-risk transport solution to the Office of the President.”

Both companies have unique experience supporting presidential helicopters. Sikorsky designed-and-built VH-3D and VH-60N aircraft — designated “Marine One” when the president is on board — have provided safe, reliable transport for the Office of the President since the 1960s. In 2005, Lockheed Martin won the contract to build the replacement fleet. The contract was terminated in 2009 at the convenience of the government after the program delivered nine test and pilot production aircraft.

In addition to the VXX teaming agreement, Sikorsky and Lockheed Martin also have signed a Memorandum of Understanding to explore business opportunities involving other Sikorsky programs.

The companies have extensive experience working together during four decades developing, delivering and supporting 400 operational SH-60B and MH-60R/S maritime helicopters to the U.S. Navy.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2009 sales of $45.2 billion.

Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture, and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems industries.

For additional information, visit our web site:
http://www.lockheedmartin.com/
http://www.sikorsky.com/

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