13 February 2014
United Technologies Corp. (NYSE: UTX) company Pratt & Whitney said it has signed an exclusive, ten-year fleet management program agreement with Malaysia Airlines to maintain the airline´s fleet of 43 PW4170 installed engines and spare engines.
The agreement, which includes an option to extend the contract for up to five additional years, is valued at approximately USD550m.
The Pratt & Whitney engines power Malaysia Airlines´ fleet of A330 aircraft.
Malaysia Airlines, the country´s national carrier, flies around 47,000 passengers daily to 60 destinations worldwide, and holds a lengthy record of service and best practice excellence. It is rated a 5-star carrier by Skytrax.
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, auxiliary and ground power units, and small turbojet propulsion products. United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries. Its website is at www.utc.com, and on Twitter: @UTC.