2013 Annual Report Financial and Corporate Responsibility Performance
UTC Propulsion & Aerospace Systems, which includes Pratt & Whitney and UTC Aerospace
Systems, is one of the world's largest suppliers of advanced aerospace products.
The F-35 Lightning II jet, the next-generation fighter for the United States and its allies, is powered by Pratt & Whitney's F135 engine. The engine has performed exceptionally well in more than 29,000 hours of ground and flight tests. The U.S. Marine Corps expects initial operational capability of the F-35 in 2015, followed by the U.S. Air Force in 2016 and the U.S. Navy in 2019. Photo credit: courtesy Lockheed Martin Corporation
  • Employees 31,700
  • Net Sales $14.5 billion
  • Operating Profit $1.9 billion

Turbofan engines for large commercial, business and military aircraft; turboprop engines for regional airline, business, utility and military aircraft; turboshaft engines for commercial and military helicopters; power units; maintenance, repair and overhaul services, including the sale of spare parts as well as fleet management services.

By the end of this decade, Pratt & Whitney will be producing engines at rates last seen in the early 1980s, with new engine families for military, business and commercial aircraft, including the PurePower engine — developed for the single-aisle aircraft that will constitute 70 percent of the commercial market in the coming decades.

Bombardier's new CSeries aircraft, powered by Pratt & Whitney PurePower PW1500G engines, completed its maiden flight in September, taking off from Mirabel International Airport in Quebec. Much of the press coverage focused on the remarkably quiet engines, which reduce ground noise by up to 75 percent.

Embraer selected the PurePower engine as the exclusive power source for its second generation of E-Jets, becoming the fifth aircraft maker to choose our Geared Turbofan technology either as the sole power source or as an option for one of its new aircraft. The engines, designed for the growing narrow-body aircraft segment, are expected to generate $400 billion in revenue over the life of the program. The company had more than 5,300 orders and commitments, including options, through early 2014.

The benefits resulting from the 2012 acquisition of a majority stake in the IAE International Aero Engines AG collaboration are exceeding expectations. There are more than 5,000 IAE V2500 engines in service today, nearly half of which have yet to be overhauled, creating significant opportunity for Pratt & Whitney's aftermarket business.

Pratt & Whitney Canada celebrated the 50th anniversary of its iconic PT6 engine in 2013 and marked another milestone, the delivery of its 80,000th engine, a PT6A-60A that powers Beechcraft's King Air 350i.

On the military side, through 2013 Pratt & Whitney had delivered more than 130 F135 engines for the F-35 Lightning II, the next-generation fighter for the United States and its allies. Pratt & Whitney has reduced F135 engine costs by more than 40 percent.

Northrop Grumman's experimental X-47B unmanned combat aircraft — powered by Pratt & Whitney's F100-PW-220U engine — completed its first carrier-based trials during 2013, including catapult launches, touch-and-go maneuvers and arrested landings.

Pratt & Whitney and Boeing marked delivery of the first PW4062 engines for the U.S. Air Force's new KC-46A aerial refueling aircraft. Boeing's contract with Pratt & Whitney calls for delivery of as many as 368 PW4062 engines through 2027.