PRATT

CTS Engines announces the appointment of Bill Kircher as the Company’s new Chief Executive Officer, effective June 3, 2024

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월요일, 6월 10, 2024
Transportation, Travel, Machinery, Engineering, Air, Aerospace, Transport, Manufacturing, Multimedia, CTS, Safety, MRO, Triumph Group, Support, United Technologies, Management

CTS Engines (CTS), a leading independent jet engine maintenance, repair, and overhaul (MRO) provider, is pleased to announce the appointment of Bill Kircher, currently Executive Vice Chairman of CTS, to the expanded role of Chief Executive Officer and Executive Vice Chairman.

Key Points: 
  • CTS Engines (CTS), a leading independent jet engine maintenance, repair, and overhaul (MRO) provider, is pleased to announce the appointment of Bill Kircher, currently Executive Vice Chairman of CTS, to the expanded role of Chief Executive Officer and Executive Vice Chairman.
  • Bill succeeds Vesa Paukkeri who will be transitioning to the role of Chief Commercial Officer, based in Helsinki, Finland, to focus on top-line growth.
  • View the full release here: https://www.businesswire.com/news/home/20240610587951/en/
    CTS Engines announces Bill Kircher Chief Executive Officer (Photo: Business Wire)
    With over 25 years of experience in the aviation industry, Bill brings extensive knowledge of turbofan engines, operational excellence, and an extensive array of MRO solutions to the CTS team.
  • “We are thrilled to have Bill Kircher’s leadership and experience at the helm of CTS Engines.

Barnes Aerospace and RTX’s Pratt & Whitney Canada Sign Long-Term Agreement for Aerospace Engine Component Repair

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목요일, 6월 13, 2024
Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Other Manufacturing, Steel, Multimedia, Pratt & Whitney, Aviation, Pratt & Whitney Canada, Senior, WC, TAT, Original equipment manufacturer, Customer service, Barnes Group, EASA

During the recent MRO Americas show in Chicago, Barnes Aerospace and RTX’s Pratt & Whitney Canada announced a significant milestone: a long-term extension of a repair services agreement.

Key Points: 
  • During the recent MRO Americas show in Chicago, Barnes Aerospace and RTX’s Pratt & Whitney Canada announced a significant milestone: a long-term extension of a repair services agreement.
  • View the full release here: https://www.businesswire.com/news/home/20240606161687/en/
    Seen here signing the long-term agreement are Ian Reason, Senior Vice President of Barnes and President of Barnes Aerospace and Irene Makris, Vice President, Customer Service, Pratt & Whitney Canada.
  • (Photo: Business Wire)
    The newly signed extension continues Barnes Aerospace’s and Pratt & Whitney Canada’s (P&WC) longstanding business relationship, which dates back to the 1970s.
  • Ian Reason, Senior Vice President of Barnes and President of Barnes Aerospace, emphasized the achievement’s significance: “By leveraging our extensive repair capabilities, expertise, and capacity, we provide quality repairs with industry-leading turn-around-time (TAT) for Pratt & Whitney.

Grupo Aeroportuario del Pacifico Reports in April 2024 a Passenger Traffic Decrease of 7.3% Compared to 2023

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금요일, 5월 3, 2024
Norman Manley International Airport, Airbus A320neo family, City, Sangster International Airport, Mexican Stock Exchange, Pratt & Whitney, Airport, Audit committee, GAP, WhatsApp, Viva Aerobus, Sarbanes, Mercado, Airline

The load factors for the month went from 80.6% in April 2023 to 86.3% in April 2024.

Key Points: 
  • The load factors for the month went from 80.6% in April 2023 to 86.3% in April 2024.
  • Los Cabos – Felipe Ángeles: Viva Aerobus
    Grupo Aeroportuario del Pacífico, S.A.B.
  • The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements.
  • The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors.

RTX's Pratt & Whitney announces GTF MRO capacity expansion at West Palm Beach facility

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수요일, 4월 10, 2024
Pratt & Whitney, MRO, Workforce, HPC, GTF, Growth, Maintenance (technical)

CHICAGO, April 10, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced a $20 million investment to increase the GTF maintenance, repair and overhaul (MRO) capacity of its West Palm Beach Engine Center. The expansion will accommodate a 40% increase in capacity and is expected to be complete by the second half of 2025.

Key Points: 
  • CHICAGO, April 10, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced a $20 million investment to increase the GTF maintenance, repair and overhaul (MRO) capacity of its West Palm Beach Engine Center.
  • "The expansion at West Palm Beach is the latest example of our global investment to support the GTF fleet," said Kevin Kirkpatrick, vice president of Global Aftermarket Operations at Pratt & Whitney.
  • West Palm Beach was transformed into a fully capable GTF MRO engine center in mid-2021.
  • In 2023, Pratt & Whitney announced three GTF MRO facility expansions and five shop activations to support the growing GTF fleet.

Pratt Introduces Its Super Lightweight 412, the Lightest Standard Intermodal Chassis with the Highest Gross Payload Capacity

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화요일, 4월 9, 2024
Invention, Lowboy, ERP, Lighting, LED, GSL, EZ, Growth

BRIDGMAN, Mich., April 9, 2024 /PRNewswire-PRWeb/ -- Pratt Industries, a pioneer in the field of chassis manufacturing, inventors of the industry's first 20/40 combo chassis, unveiled its Super Lightweight 412 (GSL 412) today. The newest in a long line of innovative intermodal chassis, the GSL 412 is being introduced in commemoration of the company's 50th anniversary.

Key Points: 
  • Pratt's Super Lightweight 412 boasts a gross payload carrying capacity of 66,000 pounds, but weighs a mere 4,550 pounds unladen.
  • BRIDGMAN, Mich., April 9, 2024 /PRNewswire-PRWeb/ -- Pratt Industries , a pioneer in the field of chassis manufacturing, inventors of the industry's first 20/40 combo chassis, unveiled its Super Lightweight 412 (GSL 412) today.
  • The newest in a long line of innovative intermodal chassis, the GSL 412 is being introduced in commemoration of the company's 50th anniversary.
  • Schubach and Musick both agree that Bob Pratt, the company's founder, would be exceptionally proud of the new Gooseneck Super Lightweight 412.

Global Electronic Warfare Market Size Expected to Reach $24.76 Billion by 2029

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화요일, 3월 26, 2024
Knowledge, CDR, Lockheed, Artificial intelligence, EVO, L3Harris Technologies, Air force, General Dynamics, PCM, USD, Lockheed Martin, Research, NOC, Pratt & Whitney, Partnership, Risk, PALM, Electronics, Radio, The, KULR, F-35, General Dynamics Land Systems, LMT, News, Acquisition, Missile Defense Agency, NGI, Northrop Grumman, Engineering, ICBM, Critical, Element, Growth, MDA, United, Marketing, Grumman, EMD, Jet fuel

The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.

Key Points: 
  • The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others.
  • A report from Mordor Intelligence projected that the Electronic Warfare Market size is estimated at USD 19.30 billion in 2024, and is expected to reach USD 24.76 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).
  • Mordor Intelligence concluded: “Various players in the market are investing significantly in research and developing advanced next-generation warfare products having higher electromagnetic capabilities.
  • According to Straits Research , the global electronic warfare market size is estimated to reach an expected value of USD 27.79 billion by 2030, registering a CAGR of 5.8% during the forecast period of 2022 to 2030.

RTX's Pratt & Whitney announces North American Technology Accelerator

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화요일, 4월 9, 2024
Automation, Pratt & Whitney, Intelligence, MRO, Research, Combined, Robotics, NATA, STA, Language, RTX, GTF

CHICAGO, April 9, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced details of its North American Technology Accelerator (NATA), a commercial and military aftermarket operations center of excellence based in Florida. The NATA will have dedicated floor space, equipment and resources for the development and industrialization of technology insertion programs that will support the company's global maintenance, repair and overhaul (MRO) network.

Key Points: 
  • CHICAGO, April 9, 2024 /PRNewswire/ -- (MRO Americas) Pratt & Whitney, an RTX (NYSE: RTX) business, today announced details of its North American Technology Accelerator (NATA), a commercial and military aftermarket operations center of excellence based in Florida.
  • With this new additive repair technology alone, Pratt & Whitney expects to recover $100 million worth of parts over next five years to support GTF MRO ramp.
  • NATA complements Pratt & Whitney's fully operational Singapore Technology Accelerator (STA), which was established in September 2022 with a focus on robotics, advanced inspection, connected factory and shop digital twin.
  • Combined annual savings of at least $24 million is expected from Pratt & Whitney's accelerator programs.

Global Commercial Aviation Turbofan Engines Benchmark Analysis Report 2024: Comparative SWOT & Strategy Focus of the Top 4 Companies - GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - ResearchAndMarkets.com

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금요일, 3월 29, 2024
Aerospace, Manufacturing, Air, Transport, Engineering, Aircraft, Comparative, GE Aviation, RPK, Challenge, Pratt & Whitney, Risk, Growth, Original equipment manufacturer, Shock, MRO, Forecast, Carbon, IATA, Sustainability, MAX, PW1000, Movement, SAF, Airline

The "Top 4 Companies in the Global Commercial Aviation Turbofan Engines Market: GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - Comparative SWOT & Strategy Focus, 2024-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Top 4 Companies in the Global Commercial Aviation Turbofan Engines Market: GE Aerospace, Pratt & Whitney, Rolls Royce, Safran - Comparative SWOT & Strategy Focus, 2024-2027" report has been added to ResearchAndMarkets.com's offering.
  • The global economy, however, is projected to be heading towards a slowdown in 2024 following continued monetary policy tightening posture by central banks globally over the recent years to check inflation.
  • However, any further, major potential shock at this time could send the global economy spiraling down into a recessionary cycle.
  • Against this backdrop, the report provides comprehensive insights into the Top 4 Global Commercial Aviation Turbofan Engine Manufacturers with focus on a blend of quantitative & qualitative analysis.

Global Commercial Aviation Turbofan Engines Market Report 2024 - Key Trends, Strategic Insights, Growth Opportunities & Market Outlook - ResearchAndMarkets.com

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월요일, 3월 18, 2024
Air, Transport, Aerospace, Manufacturing, Aircraft, RPK, COVID, Challenge, Growth, Risk, Original equipment manufacturer, Segment, Shock, MRO, Aviation, Commercial aviation, Forecast, Carbon, IATA, MAX, Strategic Insights, PW1000, Movement, SAF, Airline

The "Global Commercial Aviation Turbofan Engines Market - 2024 - Predictive Market Outlook for 2024 - Key Trends, Strategic Insights, Growth Opportunities & Market Outlook" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Commercial Aviation Turbofan Engines Market - 2024 - Predictive Market Outlook for 2024 - Key Trends, Strategic Insights, Growth Opportunities & Market Outlook" report has been added to ResearchAndMarkets.com's offering.
  • Against this backdrop, the report provides comprehensive insights and analysis and a predictive market outlook on the Global Commercial Aircraft Turbofan engines Market.
  • Demand Growth Projections & Forecast - Passenger Traffic, Cargo and MRO Growth Rates, Revenues, Fleet Growth Projections, Engine Production & Deliveries Forecast.
  • Market Outlook - Projected Turbofan Engine Deliveries across Segments & Markets for Near to Medium Term.

Agilis Engineering's Outstanding Performance Recognized by Pratt & Whitney

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월요일, 4월 1, 2024
Culture, Innovation, Pratt & Whitney, Agilis, PALM, Customer, Engineering, BEACH, RTX

PALM BEACH GARDENS, Fla. , April 1, 2024 /PRNewswire/ -- Agilis Engineering, Inc. ("Agilis"), proudly announces its latest achievement—being honored with the 2023 Quality and Customer Satisfaction Award by Pratt & Whitney (P&W).

Key Points: 
  • PALM BEACH GARDENS, Fla. , April 1, 2024 /PRNewswire/ -- Agilis Engineering, Inc. ("Agilis"), proudly announces its latest achievement—being honored with the 2023 Quality and Customer Satisfaction Award by Pratt & Whitney (P&W).
  • This was revealed at the Pratt & Whitney Supplier Summit on November 2, 2023 in East Hartford, CT.
    Pratt & Whitney, a global leader in aircraft engine manufacturing, sets exceptionally high standards for its suppliers.
  • Agilis Engineering was recognized based upon a variety of key performance metrics such as quality, delivery and customer satisfaction that Pratt & Whitney evaluated on.
  • Spencer Parry, an Integrated Product Team Lead at Agilis, emphasizes, "Quality and Customer Satisfaction are the cornerstones of Agilis' culture.