Techspace Aero Signs Agreement With Pratt & Whitney to Design and Supply Lube System Components for PurePower® Engine Family

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Techspace Aero, a 67 percent-owned subsidiary of Safran, has signed a long-term agreement with Pratt & Whitney to provide lube and scavenge pumps and oil reservoirs for the PurePower® engine family for the Bombardier CSeries, Mitsubishi Regional Jet and Embraer E-Jet aircraft families.

"At Techspace Aero, we are excited to extend our collaboration on Pratt & Whitney's PurePower engine program. This agreement confirms Techspace Aero's position as a world key player for oil equipment" said Yves Prete, president and CEO of Techspace Aero. "We have been working with Pratt & Whitney since the early 1980s, and have partnered with them on other products such as the Engine Alliance GP72000. This agreement further strengthens our long-term relationship with Pratt & Whitney and memorializes our intent to continue to work together."

"We are proud to sign this agreement with Techspace Aero, a world leader in the design of lube systems for gas turbine engines," said Danny Di Perna, senior vice president, Engineering and Operations. "Pratt & Whitney is actively signing long-term agreements with high-performing suppliers to grow our capacity and prepare to increase production of our commercial and military engines. Through this agreement, Techspace Aero will be an important part of our production ramp as they meet our demanding performance requirements and provide parts for our next generation engines for the next decade and beyond."

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.

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