EAST HARTFORD, Conn., Oct. 9, 2013 /PRNewswire/ -- The Norwegian Defence Logistics Organisation (NDLO) has agreed to a four-year contract agreement with Pratt & Whitney for a performance-based Material Management Program (MMP) to support the Royal Norwegian Air Force's F100-PW-220E engine fleet. The contract supports material forecasting, item repair management and provisioning of operational, intermediate, and depot-level spare parts. This marks the second MMP deal Pratt & Whitney has signed with the NDLO, and it is structured to support Norway's F-16 fleet readiness objectives for the next four years. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.
"This agreement builds on a strong 30-year relationship Pratt & Whitney has with the Royal Norwegian Air Force on the F100 engine powering their F-16 fighters," said Howie Chandler, vice president, Military Business Development and International Programs, Pratt & Whitney. "We are pleased to continue supporting and providing services with this follow-on Material Management Program award."
"We've had quite a good improvement in available serviceable engines since the beginning of the program," said Lt. Col. Jorn Hoelsaether, F-16 maintenance commander, Norwegian Defence Logistics Organization. "This program has resulted in an increased mission availability rate and supports my ability to reach the annual flying hour goal of the Norwegian Air Force."
Pratt & Whitney partners with our customers at their depots and logistics centers around the globe to support, overhaul and repair more than 4,500 engines under performance-based logistics or material management agreements. Through forecasting, fleet management, material management, lean manufacturing and purchasing support, we optimize engine time on wing and readiness, and deliver our customers the most competitive, cost-effective results in the industry.Pratt & Whitney's industry leading military engines power front line fighters, such as the F-15 Eagle, F-16 Fighting Falcon, F-22 Raptor and F-35 Lightning II, as well as the C-17 Globemaster III military transport and Boeing's KC-46, the U.S. Air Force's new airlift tanker.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV