Pratt & Whitney Increases Capacity by Signing $16 Billion in Supplier Long-term Agreements

Posted on October 3, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

HARTFORD, Conn., Oct. 2, 2014 /PRNewswire/ — At its semi-annual Partner and Supplier Forum, Pratt & Whitney, a United Technologies Corp. company announced it has signed an additional $6 billion in long-term agreements since May. In total, Pratt & Whitney has signed more than 135 agreements with a projected spend of $16 billion to support the company’s expected production increase. The agreements, which are with key product suppliers from around the world, will help the company increase capacity as it prepares to more than double engine production over the next decade.