PARIS, June 18, 2019 /PRNewswire/ -- Today, Collins
Aerospace announced it has recently been awarded more than
$1.5 billion in tailored agreements
for components spanning its Power & Controls and Aerostructures
business units—across multiple commercial platforms with global
commercial customers. Collins Aerospace is a unit of United
Technologies Corp. (NYSE: UTX).
These recent agreements include Collins Aerospace's first MRO
agreement with Africa's largest
carrier, Ethiopian Airlines. The agreement, valued at approximately
$500 million over a 25 year period
with Collins Aerospace's Power & Controls business, will enable
the airline to service components such as heat exchangers, air
management systems and fuel metering units for its fleet of 60 Q400
aircraft. This deal further expands Collins Aerospace's global MRO
network to include East Africa as
part of the company's strategy to grow its presence on the
continent. With the world's second-largest and youngest population,
Africa is an important market for
Collins Aerospace.
Additionally, Collins Aerospace's Aerostructures business signed
new long-term FlightSense ® Nacelle agreements on 787
and A320 aircraft platforms, amounting to over $900 million including options with multiple IATA
II customers spanning over a 25 year period. Collins Aerospace has
developed a culture of speed and ease by combining excellent
product lifecycle management with timely customer service and ease
of interaction. As one of the world's leading nacelle OEMs for
commercial aircraft, the company leverages its deep technical
expertise, product knowledge and globally available assets to
provide world-class MRO services and support.
Two Asia-Pacific airlines,
including Japan Airlines, have both signed FlightSense agreements
with Collins Aerospace. Japan Airlines signed a multi-fleet
FlightSense Onsite Support agreement allowing Collins Aerospace to
manage its MRO supply chain, providing the airline with onsite
inventory, competitive rates for OEM-quality parts and improved
shop efficiency. Additionally, an undisclosed airline in the region
has signed a FlightSense Predictable agreement in its effort to
improve reliability and reduce downtime with advanced exchanges
during critical repairs to its 777 fleet.
"We are honored that leading customers across the globe have
trusted us with their support needs," said Collins Aerospace
Aftermarket Services President Ajay
Agrawal. "Our customers are looking for more customization
and agility than any time before. Collins Aerospace is seeing
tremendous customer interest in its support offerings since we can
respond to these customer needs most effectively. Our product
knowledge, customized solutions, and exceptional global MRO network
are true differentiators."
About Collins Aerospace
Collins Aerospace, a unit of United Technologies Corp. (NYSE:
UTX), is a leader in technologically advanced and intelligent
solutions for the global aerospace and defense industry. Created in
2018 by bringing together UTC Aerospace Systems and Rockwell
Collins, Collins Aerospace has the capabilities, comprehensive
portfolio and expertise to solve customers' toughest challenges and
to meet the demands of a rapidly evolving global market. For more
information, visit CollinsAerospace.com.
About United Technologies Corporation
United Technologies Corp., based in Farmington, Connecticut, provides
high-technology systems and services to the building and aerospace
industries. By combining a passion for science with precision
engineering, the company is creating smart, sustainable solutions
the world needs. For more information about the company, visit our
website at www.utc.com or follow us on Twitter: @UTC.
This press release contains forward-looking statements
concerning future business opportunities. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties, including but not limited to changes in levels of
demand in the aerospace industry, in levels of air travel, and in
the number of aircraft to be built; challenges in the design,
development, production support, performance and realization of the
anticipated benefits of advanced technologies; as well as other
risks and uncertainties, including but not limited to those
detailed from time to time in United Technologies Corp.'s
Securities and Exchange Commission filings.
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SOURCE Collins Aerospace