East Hartford-based Pratt & Whitney, an aerospace manufacturer, recently announced it signed a $6 billion long-term contract. To date, Pratt & Whitney has signed more than 135 agreements.
The agreements are with high-performing suppliers from around the world as the company prepares to more than double engine production over the next decade. The company projects it will spend $16 billion to support its increasing production within that timeframe.
“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 of engineering and operations at Pratt & Whitney, in a statement. “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 subsidiary of United Technologies Corp. in Hartford, plans to prepare for large volumes of commercial and military aircraft systems and engines.
“We are well on our way to finalizing the remainder of the long-term agreements with suppliers who can meet our demanding performance requirements,” said Sergio Loureiro, vice president of strategic sourcing at Pratt & Whitney, in a statement.
