Pratt & Whitney In $150 Million Jet Engine Deal

EAST HARTFORD, Conn. (AP) — Jet engine maker Pratt & Whitney said Monday it has delivered an F-16 engine as part of a $150 million deal to supply 22 engines to the Pakistani air force.

The delivery, made at the Dubai Air show in Dubai, United Arab Emirates, is part of the F100-PW-229 engine enhancement package engine, which offers the Pakistani air force a lower total cost of ownership, said Pratt & Whitney, a subsidiary of United Technologies Corp.

Pratt & Whitney, based in East Hartford, Conn., delivered the first Pakistani air force F100-PW-229 engine this week. The engine program is scheduled for delivery this year and in 2010.

Separately, Pratt & Whitney said DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise, has selected the International Aero Engines V2500 SelectOne for 20 Airbus A320 planes.

The share of the contract is worth more than $112 million to Pratt & Whitney with deliveries scheduled to begin in 2011.

IAE is a multinational aero engine consortium with shareholders such as Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines.

Shares of United Technologies rose $1.07, or nearly 2 percent, to $69.06 in afternoon trading.