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Pratt & Whitney and ITR Sign $5 Million Part Repair Agreement

"Pratt & Whitney has been a trusted and valued service provider for over 10 years," said Juan Espitia, chief operating officer, ITR. "Each repair is put through a stringent qualification process and is backed by one of the most trusted organizations in the industry: Pratt & Whitney."

"We look forward to expanding our relationship with ITR," said Larry Jones, vice president responsible for the JT8D product line, Pratt & Whitney Commercial Engines & Global Services. "With more than 80 years of engine business experience, Pratt & Whitney is dedicated to delivering value to our customers with every repair performed."

Last fall, ITR and Pratt & Whitney signed a letter of intent to establish ITR as a Pratt & Whitney Designated Service Provider (DSP). As a member of the Pratt & Whitney DSP Network, ITR will be a DSP Center of Excellence for JT8D Stator Repair.

The JT8D has been one of the most successful commercial engine programs in aviation history, introduced in 1964 with the inaugural flight of Boeing's 727-100 aircraft. Many variants of the JT8D family have been produced, covering the thrust range from 14,000 to 17,400 pounds.

ITR is a leader in the provision of Maintenance, Repair and Overhaul for the JT8D engine family by repairing more than 1,000 engines supporting passenger and cargo operations on four continents. In recent years, ITR expanded its service portfolio with the implementation of dedicated engineering services, manufacturing of rigid aerospace tubes, complex parts machining and a strategic project for the design and manufacture of Low Pressure Turbines for engines with less than 15,000 pounds of thrust.

ITR is part of the Spanish Consortium Industria de Turbopropulsores S.A. (ITP) a leading aerospace group with a wide range of services on engine repair, Engineering, Research and Development, manufacture, assembly and test of aeronautical engines and gas turbines.

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 inHartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

This release includes "forward looking statements" concerning anticipated business opportunities that are subject to risks and uncertainties, including with regard to the contract described in this release. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include changes in the health of the global economy and the aerospace industry. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's 10-K, 10-Q and other reports filed with the SEC.

    Katy Padgett                            Matthew Perra
    Commercial Engines & Global Services    Pratt & Whitney
    +1-860-565-3433                         +1-860-565-9600
    Kathleen.padgett@pw.utc.com             matthew.perra@pw.utc.com

SOURCE Pratt & Whitney