Pratt & Whitney signs new long-term supplier agreements

HARTFORD, Conn., Oct. 6 (UPI) -- Engine-maker Pratt & Whitney says it has signed more than 135 new long-term agreements with key suppliers to meet expected engine production.

The deals, worth $6 billion, were announced at its recent Partner and Supplier Forum.

"Our suppliers make up a critical part of our future production capacity and by signing long-term agreements we are enabling them to invest in equipment, people and training in order to produce and deliver perfect-quality components," said Danny Di Perna, senior vice president, Engineering and Operations. "These agreements secure sources of parts and components for years to come and ensure the capacity investments to support our production ramp."

Pratt & Whitney, a UTC Aerospace company, said it expects its engine production to more than double over the next decade.

The company said the agreements cover components for all Pratt & Whitney products, including the F135 military engine and were signed with companies around the world.

"At Pratt & Whitney, and across UTC's aerospace companies, we are increasing capacity across our operations and supply chain to prepare for large volumes of commercial and military aircraft systems and engines," said Sergio Loureiro, P&W's vice president, Strategic Sourcing. "We are well on our way to finalizing the remainder of the long-term agreements with suppliers who can meet our demanding performance requirements."