Pratt

CPI Aerostructures Appoints Aerospace Industry Executive Pamela Levesque to its Board of Directors

Retrieved on: 
Tuesday, October 24, 2023

EDGEWOOD, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that its Board of Directors has appointed Pamela D. Levesque to serve as an independent Class II Director.

Key Points: 
  • EDGEWOOD, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®” or the “Company”) (NYSE American: CVU) today announced that its Board of Directors has appointed Pamela D. Levesque to serve as an independent Class II Director.
  • Ms. Levesque, 66, brings a wealth of experience and knowledge garnered from a distinguished career spanning more than 35 years in the aerospace and defense industry.
  • Most recently, Pamela has served as Vice President and Chief Financial Officer of APL Investments LLC, her family's real estate business.
  • We are delighted to welcome Pamela to our Board of Directors,” said Terry Stinson, Chairman of the Board.

AAR and MTU Maintenance extend Pratt & Whitney PW2000 aircraft engine parts supply agreement

Retrieved on: 
Tuesday, October 17, 2023

Wood Dale, Illinois, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension with MTU Maintenance, the global market leader in customized solutions for aero engines, to supply parts for Pratt & Whitney PW2000 engines.

Key Points: 
  • Wood Dale, Illinois, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension with MTU Maintenance, the global market leader in customized solutions for aero engines, to supply parts for Pratt & Whitney PW2000 engines.
  • This fourth extension marks the continuation of an AAR-MTU contract that originally began in 2009.
  • Under the agreement, AAR supplies used serviceable material for the PW2000 engine program at MTU’s facility in Hannover, Germany.
  • “I am looking forward to continuing this successful partnership for years to come.”
    “AAR is thrilled to continue supporting valued customer MTU on the PW2000 engines,” said Christine Bognar, AAR’s PW2000 Product Director.

Volaris Reports September 2023 Traffic Results: 3% YoY Demand Growth with an 84% Load Factor; Updating Full-Year 2023 Guidance

Retrieved on: 
Tuesday, October 10, 2023

de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its September 2023 preliminary traffic results.

Key Points: 
  • de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its September 2023 preliminary traffic results.
  • In September 2023, Volaris’ capacity (measured in ASMs) increased by 7.5% year-over-year, while demand (measured in RPMs) increased by 3.1%; the result was a load factor decrease of 3.6 pp YoY to 83.8%.
  • Demand (measured in RPMs) in the Mexican domestic market decreased by 4.6%, while in the international market, demand increased by 22.4%.
  • The Volaris team is actively executing plans to mitigate the engine inspection impact, including a project to optimize our route network.

ANSI/A3 R15.08-2 Safety Standard for Industrial Mobile Robot Systems and Applications Now Available

Retrieved on: 
Monday, October 9, 2023

The new standard -- accredited by the American National Standard Institute (ANSI) -- can be purchased online today at AUTOMATE.ORG/buystandards or at the International Robot Safety Conference today through October 11 in Pittsburgh.

Key Points: 
  • R15.08-2, the American National Standard for Industrial Mobile Robots (IMRs) - Safety Requirements – Part 2: Requirements for IMR system(s) and IMR application(s) provides safety requirements for deploying IMR systems into an industrial environment.
  • The new standard -- accredited by the American National Standard Institute (ANSI) -- can be purchased online today at AUTOMATE.ORG/buystandards or at the International Robot Safety Conference today through October 11 in Pittsburgh.
  • Until now, mobile robot system integrators had only general safety requirements for industrial machinery.
  • “With Part 2 of the R15.08 standard, system integrators now have specific requirements that will help them ensure they’re deploying the safest mobile robot systems available in their customers’ facilities.”
    At the International Robot Safety Conference today, Pratt will introduce the R15.08 family of standards for industrial mobile robot safety in a general session at 1:30 p.m.

Pratt & Whitney Canada Achieves 200th Engine Type Certification - the PW127XT-L Regional Turboprop

Retrieved on: 
Wednesday, October 11, 2023

INNSBRUCK, Austria, Oct. 11, 2023 /PRNewswire/ -- Pratt & Whitney Canada, an RTX (NYSE: RTX) business, announced today that Transport Canada Civil Aviation has type certified the PW127XT-L regional turboprop engine.

Key Points: 
  • INNSBRUCK, Austria, Oct. 11, 2023 /PRNewswire/ -- Pratt & Whitney Canada, an RTX (NYSE: RTX) business, announced today that Transport Canada Civil Aviation has type certified the PW127XT-L regional turboprop engine.
  • This marks another significant milestone for the company as its 200th type certification since the introduction of the original and now ubiquitous PT6 engine in 1963.
  • "Achieving 200 engine type certifications within a 60 year period is truly a singular accomplishment in the world of aviation," said Irene Makris, vice president for customer service at Pratt & Whitney Canada.
  • "This great achievement comes as a reward after many months of hard work and constant collaboration between the ATR and Pratt & Whitney Canada teams."

Pratt & Whitney Announce First GTF Engine Induction at China Airlines

Retrieved on: 
Wednesday, October 4, 2023

EAST HARTFORD, Conn., Oct. 4, 2023 /PRNewswire/ -- Pratt & Whitney, an RTX business, announced today that China Airlines has inducted its first Pratt & Whitney GTF™ engine.

Key Points: 
  • EAST HARTFORD, Conn., Oct. 4, 2023 /PRNewswire/ -- Pratt & Whitney, an RTX business, announced today that China Airlines has inducted its first Pratt & Whitney GTF™ engine.
  • In 2019, China Airlines selected the GTF engine to power 25 Airbus A321neo aircraft, along with an EngineWise® Maintenance long-term agreement for engine maintenance, repair and overhaul (MRO).
  • "With the induction of our first GTF engine, we continue to build upon our longstanding relationship with Pratt & Whitney," said Jung-Hui Lee, vice president at China Airlines, at the celebratory ceremony at its Taiwan-based facility today.
  • "We are aggressively pursuing strategic collaborations to grow GTF MRO network capabilities," said Marc Meredith, vice president, GTF Engines Aftermarket at Pratt & Whitney.

RTX selected by Boeing for X-66A NASA Sustainable Flight Demonstrator Project

Retrieved on: 
Tuesday, October 3, 2023

EAST HARTFORD, Conn., Oct. 3, 2023 /PRNewswire/ -- RTX (NYSE: RTX) has been selected by Boeing as a collaborator on the X-66A flight demonstrator, part of NASA's Sustainable Flight Demonstrator project.

Key Points: 
  • EAST HARTFORD, Conn., Oct. 3, 2023 /PRNewswire/ -- RTX (NYSE: RTX) has been selected by Boeing as a collaborator on the X-66A flight demonstrator, part of NASA's Sustainable Flight Demonstrator project.
  • Two RTX business units, Pratt & Whitney and Collins Aerospace, will support Boeing with Pratt & Whitney GTF™ engines, and Collins nacelles and engine accessories.
  • The Sustainable Flight Demonstrator is part of NASA's broader Sustainable Flight National Partnership, which is dedicated to developing the technologies needed to achieve net-zero CO2 emissions for commercial aviation.
  • Pratt & Whitney and Collins are also collaborating with NASA on other Sustainable Flight National Partnership projects, including Hybrid Thermally Efficient Core (HyTEC) and Hi-Rate Composite Aircraft Manufacturing (HiCAM).

HAGENS BERMAN Notifies RTX Corporation (RTX) Investors of Expanded Class Period in Securities Fraud Class Action, Encourages Investors with Substantial Losses to Contact Firm’s Attorneys Before Oct. 2nd Deadline

Retrieved on: 
Saturday, September 30, 2023

SAN FRANCISCO, Sept. 30, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges RTX Corporation f/k/a Raytheon Technologies Corporation (NYSE: RTX) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Sept. 30, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges RTX Corporation f/k/a Raytheon Technologies Corporation (NYSE: RTX) investors who suffered substantial losses to submit your losses now .
  • The Firm also encourages persons with knowledge that might assist the investigation to contact its attorneys.
  • RTX Corporation (RTX) Securities Fraud Class Action:
    The litigation focuses on RTX’s disclosures about its manufacturing quality controls within its Pratt & Whitney engine program.
  • “We’re focused on investors’ losses and proving RTX misled investors about its manufacturing quality controls and, recently, its claim to have remediated the contamination issue in 2021,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

Pratt & Whitney to Expand GTF MRO Capacity in Singapore

Retrieved on: 
Tuesday, September 26, 2023

SINGAPORE, Sept. 26, 2023 /PRNewswire/ -- MRO Asia Pacific -- Pratt & Whitney, an RTX (NYSE: RTX) business, today announced plans to increase the capacity of its Singapore engine center, Eagle Services Asia (ESA).

Key Points: 
  • SINGAPORE, Sept. 26, 2023 /PRNewswire/ -- MRO Asia Pacific -- Pratt & Whitney, an RTX (NYSE: RTX) business, today announced plans to increase the capacity of its Singapore engine center, Eagle Services Asia (ESA).
  • "Pratt & Whitney is investing globally to support the GTF fleet.
  • It is a joint venture between SIA Engineering Company and Pratt & Whitney and a member of the Pratt & Whitney GTF™ MRO network that comprises of the industry's leading MRO companies.
  • Since 2019, the GTF MRO network has more than doubled in size, and there are currently 13 active GTF MRO engine centers worldwide with an additional six expected to be online by 2025.

RTX begins fabrication of 1MW generator for Air Force Research Laboratory

Retrieved on: 
Monday, September 11, 2023

CHARLOTTE, N.C., Sept. 11, 2023 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, has completed detailed design review and started fabrication of a one megawatt electric generator for the Air Force Research Laboratory (AFRL) as part of the Advanced Turbine Technologies for Affordable Mission-Capability program.

Key Points: 
  • CHARLOTTE, N.C., Sept. 11, 2023 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, has completed detailed design review and started fabrication of a one megawatt electric generator for the Air Force Research Laboratory (AFRL) as part of the Advanced Turbine Technologies for Affordable Mission-Capability program.
  • "By safely and efficiently providing onboard high-voltage DC power, our 1MW generator will support these new technologies and help enable new platforms to achieve their target capabilities."
  • Having finished engineering work on the generator and moved into the manufacturing phase, Collins is on track to deliver hardware to the Air Force and test the generator to Technology Readiness Level 5 in 2024.
  • RTX's Pratt & Whitney business is also supporting the AFRL 1MW generator program by studying future engine integration opportunities.