LAI International Signs $127 Million Engine Component Agreement with Pratt & Whitney

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LAI International, Inc. has signed a 15-year agreement valued at more than $127 million with Pratt & Whitney. Under the agreement, LAI International, Inc. will provide parts for Pratt & Whitney's next generation engine programs, including the fan blade sheath for the PurePower® engines for the Bombardier CSeries aircraft, Airbus A320neo aircraft, and Irkut MC-21 aircraft.

"At LAI International, we are proud to further strengthen our relationship with Pratt & Whitney for the next 15 years and beyond," said Patrick J. (PJ) Gruetzmacher, CEO and president, LAI International, Inc. "We have repeatedly demonstrated through the development phase and now into production our ability to meet Pratt & Whitney's high quality, technical, cost and delivery standards. We've achieved this by investing in not only manufacturing technologies, but our employees."

"LAI International has been able to meet Pratt & Whitey's stringent delivery requirements and is in the process of working with us to certify its manufacture process to guarantee quality," said Sergio Loureiro, vice president, Strategic Sourcing and Contracts, Pratt & Whitney. "Within the next decade we will more than double production of our commercial and military engines. Suppliers such as LAI International who sign long-term agreements will provide valuable parts for Pratt & Whitney's engines for decades to come."

As the provider of the F135 engines for the F-35 and with more than 6,000 orders and commitments, including options, for the PurePower Geared Turbofan™ engine family, Pratt & Whitney will more than double production by the end of the decade. In preparation for the ramp, Pratt & Whitney is investing heavily in its global manufacturing network and bringing on suppliers who can deliver high-quality parts and materials.

This announcement 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 and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corps.' Securities and Exchange Commission filings.

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