P&W Wins US$83 M for V2500 Engines from CIT Aerospace

(Farnborough, July 18, 2008) -- CIT Aerospace has selected the International Aero Engines V2500 engine to power 15 Airbus A320-family aircraft. The contract is valued at more than $83 million to Pratt & Whitney, if all options are exercised. Pratt & Whitney, a United Technologies Corp. (NYSE: UTX) company, is a major participant in International Aero Engines (IAE).

CIT Aerospace is a unit of CIT, which now has a combined portfolio and order book that includes 88 A320-family aircraft powered by the V2500 engine.

Source : Pratt & Whitney

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