EgyptAir Awards Pratt & Whitney 13-Year Maintenance Contract

PARIS, June 18 /PRNewswire-FirstCall/ -- Paris Air Show -- EgyptAir awarded Pratt & Whitney a 13-year service agreement to maintain the airline's 13 PW4090 engines. The agreement is valued at more than $200 million USD. Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company.

As part of the agreement, Pratt & Whitney will manage a customized maintenance plan tailored specifically for the maintenance needs of EgyptAir's PW4090 fleet. The plan includes part repair and replacement services, engine health monitoring and engine maintenance training.

"Pratt & Whitney Global Service Partners presented the most comprehensive solution for our engine maintenance needs while meeting our cost targets," said Eng. Abdel Aziz Fadel, chairman of EgyptAir Maintenance & Engineering Company. "We have a long-standing partnership with Pratt & Whitney and know we can count on the company's dependable engines and service."

"Beginning with our Wasp engine, we powered many different aircraft in EgyptAir's fleet over the years and offered the best maintenance solution based on our deep understanding of the airline's needs," said Jim Keenan, senior vice president and general manager, Pratt & Whitney Global Service Partners. "We congratulate EgyptAir on celebrating 75 years of service this year and look forward to our continued partnership with this 13-year service agreement."

Pratt & Whitney Global Service Partners is a total service provider of Pratt & Whitney, International Aero Engines, General Electric, Rolls-Royce and CFMI engines. In addition to engine overhaul and repair services, GSP provides customers improved engine performance and increased asset value through a broad portfolio of services including line maintenance, engine monitoring and diagnostics, environmentally-friendly on-wing water washes, leased engines, custom engine service programs and new and repaired parts.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

This release includes "forward looking statements" concerning expected revenue, earnings, cash flow and other matters that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include the health of the global economy; strength of end market demand in the commercial aerospace industry; fluctuation in commodity prices, and interest rates and company specific items including the ability to achieve cost reductions at planned levels; challenges in the design, development, production and support of advanced technologies and new products and services; delays and disruption in delivery of materials and services from suppliers; labor disputes; and the outcome of legal proceedings. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, see UTC's SEC filings as submitted from time to time, including but not limited to, the information included in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.

    Robin Salisbury                                Jennifer Whitlow
    Pratt & Whitney Global Service Partners        Pratt & Whitney
    860.565.8220                                   860.214.7502
    robin.salisbury@pw.utc.com                     jennifer.whitlow@pw.utc.com