Pratt & Whitney Completes Industrial Offset Program In Canada
WEST PALM BEACH, Fla., April 11, 2013 /PRNewswire/ -- Pratt & Whitney, a unit of United Technologies Corp. (NYSE: UTX) recently completed a successful offset requirement to support Canada's Industrial and Regional Benefits Policy. The company cooperated closely with Industry Canada to meet its commitments two years ahead of schedule. The offset program is related to the company's 2007 sale of 18 F117 engines for Canada's C-17 Globemaster III airlift transport and benefits Canadian industry from government defense and security procurement.
Pratt & Whitney has developed partnerships to provide long-term benefits to Canada by utilizing a combination of in-country component purchases, university research, development projects and facility and capital investments.
As a part of the offset program, Pratt & Whitney supported Pratt & Whitney Canada in establishing a new facility for flight test at Mirabel Airport in Quebec. Construction of the facility was completed in 2011 along with the transfer of capital equipment and the hiring of new employees. Pratt & Whitney will also conduct assembly and test of the company's Geared Turbofan™ engines for the new Bombardier C Series aircraft at the Mirabel Aerospace Centre in Quebec
Pratt & Whitney has also made important investments at the British Columbia Institute of Technology aerospace training center in Richmond, B.C., adjacent to the Vancouver International Airport. In addition, Pratt & Whitney teamed with Rolls Royce and the National Research Council of Canada to establish an icing test facility for commercial engines in Thompson, Manitoba. The company is also heavily engaged in sourcing program part manufacturing with suppliers in Canada."Pratt & Whitney's relationship with Canadian industry has been very focused on identifying expanded opportunities for organizations in Canada to play a key role in current and future programs, such as the F135 engine," said Howie Chandler, vice president, Military Business Development and Aftermarket Services for Pratt & Whitney. "We find this to be a winning strategy, because the company benefits from Canadian research and development activities and the quality work of Canadian component suppliers, while the country enjoys the benefits of long-term, high-value jobs." Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, auxiliary and ground power units, small turbojet propulsion products 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 government procurement priorities, budget plans and availability of funding, and 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 the companies' Securities and Exchange Commission filings.
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