Pratt & Whitney

RTX's Pratt & Whitney receives a $355 million F100 engine sustainment contract for South Korea's F-15s, F-16s

Retrieved on: 
Tuesday, February 13, 2024
ROKAF, Pratt & Whitney, Defense, Eagle, PBL, DAPA, F100, McDonnell Douglas F-15 Eagle, Defense Acquisition Program Administration, Partnership, Jet fuel

EAST HARTFORD, Conn., Feb. 13, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, was awarded an F100 engine performance-based logistics (PBL) sustainment contract by South Korea's Defense Acquisition Program Administration (DAPA). This contract, with a base value of $355 million, is the third consecutive PBL contract Pratt & Whitney and DAPA have signed since 2012, offering on-going maintenance support for the Republic of Korea Air Force's (ROKAF) F-15 Eagles and F-16 Fighting Falcons.

Key Points: 
  • Funding will support streamlined operations, better fleet readiness
    EAST HARTFORD, Conn., Feb. 13, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, was awarded an F100 engine performance-based logistics (PBL) sustainment contract by South Korea's Defense Acquisition Program Administration (DAPA).
  • This contract, with a base value of $355 million, is the third consecutive PBL contract Pratt & Whitney and DAPA have signed since 2012, offering on-going maintenance support for the Republic of Korea Air Force's (ROKAF) F-15 Eagles and F-16 Fighting Falcons.
  • This contract is the latest initiative in an enduring partnership between Pratt & Whitney, DAPA and ROKAF, and it will support more efficient depot planning and improve overall fleet readiness through long-term material forecasting.
  • Sustainment work began in December of 2023 and will run through the second half of 2027.

RTX's Pratt & Whitney expands operations with opening of new India Digital Capability Center

Retrieved on: 
Tuesday, February 13, 2024
Engineering, Pratt & Whitney, Investment, Collins Aerospace, RTX, Digital technology, Workforce, Research, IDCC, Machine tool

BENGALURU, India, Feb. 13, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, announced the establishment of its new India Digital Capability Center (IDCC) in Bengaluru, India. The new center will accelerate innovation and drive digital and business transformation for Pratt & Whitney worldwide.

Key Points: 
  • BENGALURU, India, Feb. 13, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, announced the establishment of its new India Digital Capability Center (IDCC) in Bengaluru, India.
  • The new center will accelerate innovation and drive digital and business transformation for Pratt & Whitney worldwide.
  • The facility will be co-located with Pratt & Whitney's engineering and supply chain operations centers of excellence.
  • The center will focus on delivering multiple digital technology capabilities across various priority areas of Pratt & Whitney's digital transformation.

RTX's Pratt & Whitney business completes key design review on Next-Generation Adaptive Propulsion offering

Retrieved on: 
Monday, February 12, 2024
Adaptive Versatile Engine Technology, Pratt & Whitney, NGAP, Government, Research, Investment, 3D printing

EAST HARTFORD, Conn., Feb. 12, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has completed a critical assessment of its Next-Generation Adaptive Propulsion (NGAP) offering with the U.S. Air Force, moving the program closer to completing its detailed design review. The team is now working towards ground testing of its NGAP prototype, referred to as XA103, which is expected to occur in the late 2020s.

Key Points: 
  • EAST HARTFORD, Conn., Feb. 12, 2024 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, has completed a critical assessment of its Next-Generation Adaptive Propulsion (NGAP) offering with the U.S. Air Force, moving the program closer to completing its detailed design review.
  • The team is now working towards ground testing of its NGAP prototype, referred to as XA103, which is expected to occur in the late 2020s.
  • "This technology is critical to maintaining air superiority, which is why Pratt & Whitney has made significant investments in research and development and advanced manufacturing.
  • Continued government funding for sixth-generation propulsion development must remain a high priority to support critical platform milestones and warfighter readiness."

Grupo Aeroportuario del Pacifico Reports in January 2024 a Passenger Traffic Decrease of 0.6% Compared to 2023

Retrieved on: 
Wednesday, February 7, 2024
Sangster International Airport, Mexican Stock Exchange, Mercado, Pratt & Whitney, Airbus A320neo family, WhatsApp, GAP, Norman Manley International Airport, Sarbanes, City, Airport, Audit committee, Airline

The load factors for the month went from 78.8% in January 2023 to 81.4% in January 2024.

Key Points: 
  • The load factors for the month went from 78.8% in January 2023 to 81.4% in January 2024.
  • 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.

Madrigal Pharmaceuticals Announces Additions to Its Leadership Team

Retrieved on: 
Monday, January 29, 2024
Senior, Engineering, Rensselaer Polytechnic Institute, Amgen, Therapy, Central Connecticut State University, Pratt & Whitney, Fibrosis, Divisional patent application, Loyola University, Human resources, Entrepreneurship, Business, Manufacturing engineering, M.B.A, GE HealthCare, University, Cancer, Organization, Fatty liver disease, Duke University, Frazier Healthcare Partners, Horizon Therapeutics, Johnson & Johnson, NASH, Officer (armed forces), BASF, Institutional Investor, Management

“I am delighted to welcome Mark, Clint and Tina to the team,” said Bill Sibold, Chief Executive Officer of Madrigal.

Key Points: 
  • “I am delighted to welcome Mark, Clint and Tina to the team,” said Bill Sibold, Chief Executive Officer of Madrigal.
  • “As we prepare for a first-to-market launch of resmetirom in NASH with significant fibrosis, we are also building a foundation for enduring leadership.
  • Prior to Kenvue, he was the Senior Vice President Human Resources, North America, Sanofi, from 2016-2022, serving as a member of the Sanofi Global HR Leadership Team.
  • Tina Ventura brings nearly 25 years of experience in global health care investor relations and communications to Madrigal.

RTX's Pratt & Whitney Canada unveils high voltage bidirectional mobile charging unit for hybrid-electric flight demonstrator

Retrieved on: 
Monday, January 22, 2024
CO2, RTX, Aviation, Megawatt Charging System, MCU, Aircraft, Pratt & Whitney Canada, IVI, Pratt & Whitney, NRC

LONGUEUIL, QC, Jan. 22, 2024 /PRNewswire/ -- Pratt & Whitney Canada today announced the development of an advanced mobile charging unit (MCU) capable of charging high-power batteries at up to 1500 volts, making it compatible with Megawatt Charging System standards the industry is advancing for high voltage power applications. Pratt & Whitney is an RTX (NYSE: RTX) business.

Key Points: 
  • LONGUEUIL, QC, Jan. 22, 2024 /PRNewswire/ -- Pratt & Whitney Canada today announced the development of an advanced mobile charging unit (MCU) capable of charging high-power batteries at up to 1500 volts, making it compatible with Megawatt Charging System standards the industry is advancing for high voltage power applications.
  • "This is the latest example of our hybrid-electric flight demonstrator project, driving collaboration and innovation within Canada's aerospace ecosystem to enable a more sustainable future for aviation," said Alexandre Gagnon, vice president of corporate affairs, Pratt & Whitney Canada.
  • "High voltage, bidirectional charging systems will be critical for a growing number of electric and hybrid-electric systems including aircraft, as well as other transport applications."
  • In collaboration with IVI, Pratt & Whitney Canada developed a distributed control and protection strategy.

Competitive Analysis of the Global Top 4 Commercial Aviation Turbofan Engine Manufacturers - GE Aerospace, Pratt & Whitney, Rolls Royce, Safran

Retrieved on: 
Monday, January 15, 2024
Aircraft, External, Assessment, GE Aviation, Pratt & Whitney, EFAS, Internal, SWOT, Harness, Responsiveness, Nature, SFAS, Retail

DUBLIN, Jan. 15, 2024 /PRNewswire/ -- The "Global Top 4 Commercial Aviation Turbofan Engine Manufacturers - Strategic Factor Analysis Summary (SFAS) Framework Analysis - 2023-2024 - GE Aerospace, Pratt & Whitney, Rolls Royce, Safran" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Jan. 15, 2024 /PRNewswire/ -- The "Global Top 4 Commercial Aviation Turbofan Engine Manufacturers - Strategic Factor Analysis Summary (SFAS) Framework Analysis - 2023-2024 - GE Aerospace, Pratt & Whitney, Rolls Royce, Safran" report has been added to ResearchAndMarkets.com's offering.
  • The report provides a holistic SFAS framework analysis, developed by Wheelen & Hunger, on each of the Global Top 4 Commercial Aircraft Turbofan Engine manufacturers based on an analysis of each company's strategic positioning and its degree of responsiveness to its internal & external environment respectively.
  • The objective of the analysis is to assess as to how favorably is each company positioned and how responsive it is to the nature, degree & pace of changes taking place within its internal and external environment respectively.
  • These strategic factors are then ranked based on the strategic significance & potential degree of impact along-with each respective company's corresponding degree of responsiveness to these factors.

Volaris First Quarter and Full Year 2024 Guidance

Retrieved on: 
Thursday, January 11, 2024
GTF, Volaris, Pratt & Whitney

(2) For convenience purposes, 2023 guidance (as disclosed on October 10, 2023) is included.

Key Points: 
  • (2) For convenience purposes, 2023 guidance (as disclosed on October 10, 2023) is included.
  • The first quarter and full year 2024 outlook presented above includes the compensation that Volaris expects to receive for the projected grounded aircraft resulting from the GTF engine removals, in accordance with the Company’s agreement with Pratt & Whitney that was previously announced on December 5, 2023.
  • Accordingly, you should not place undue reliance on this preliminary information or guidance, which may differ materially from actual results.
  • It cannot be inferred that any period’s performance or its comparison year over year will indicate a similar performance in the future.

Volaris Reports November 2023 Traffic Results: 90% Load Factor

Retrieved on: 
Tuesday, December 5, 2023
Category 1, P&W, ASMS, Volaris, Pratt & Whitney, ULCC, Yoy, VLRS, Revolutions per minute, CITY, BMV, ASM, GTF, Airline

MEXICO CITY, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B.

Key Points: 
  • MEXICO CITY, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Controladora Vuela Compañía de Aviación, S.A.B.
  • 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 November 2023 preliminary traffic results.
  • In November 2023, Volaris' ASM capacity decreased by 2.2% year-over-year, while RPMs decreased by 0.2%; the result was a load factor increase of 1.8 pp YoY to 89.8%.
  • Volaris transported 2.7 million passengers during the month, a 0.9% decrease compared to November 2022.

Northland Power Announces Appointment of Ellen Smith to Its Board of Directors

Retrieved on: 
Wednesday, November 29, 2023
Hess Corporation, Electricity, EPC, Union College, NPI, Mechanical engineering, Electrical engineering technology, FTI Consulting, Pratt & Whitney, National Grid, IBM Power Systems, Electronics, TSX, Senior, Management

TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) announces the expansion of its Board of Directors from nine to ten members and the appointment of Ellen Smith as a Director, effective November 29, 2023.

Key Points: 
  • TORONTO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) announces the expansion of its Board of Directors from nine to ten members and the appointment of Ellen Smith as a Director, effective November 29, 2023.
  • Ms. Smith brings over 35 years of leadership experience within the power and utilities sector.
  • Ms. Smith serves as an expert in complex power and utilities litigation and in administering contracts for large capital portfolio projects.
  • “We are excited to welcome Ellen to Northland’s Board,” said John Brace, Chair of Northland’s Board of Directors.