United Technologies (UTX)

Pratt & Whitney, a division of United Technologies, will provide exclusive power for 40 firm and up to 40 options for new Bombardier CSeries* aircraft ordered by Republic Airways as part of a contract announced today. The agreement represents 80 firm PW1000G engines for CSeries aircraft with six spare engines. In addition, Republic has signed an exclusive 15-year maintenance contract with Pratt & Whitney for these engines.
"We are excited about the future of the Bombardier CSeries jetliner family," said Bryan Bedford, Republic Airways' Chairman, President and Chief Executive Officer. "Market studies carried out by ourselves and other organizations see a large worldwide demand for aircraft in the 100- to 149-seat category over the next two decades, and the CSeries jetliner family is a perfect fit."

Feb 25 · 4:02:00 PM · Source: Reuters
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by Michael Oliveto