SOURCE: IAE International Aero Engines AG

IAE International Aero Engines AG

July 09, 2012 08:15 ET

IAE Moving Forward for Nearly Three Decades

V2500 Engine Continues as Global Powerplant to Customers

GLASTONBURY, CT--(Marketwire - Jul 9, 2012) - FARNBOROUGH AIR SHOW -- As IAE approaches its years of peak production of its V2500 engine, this consortium of global aircraft engine manufacturers continues to expand its presence.

"There is a growing sense of excitement within our global partnership that reflects our on-going unbridled successes over our many years," explained IAE President Jon Beatty. "The V2500 is among the largest engine programs in production. We are building more engines than ever, while substantially expanding our service offerings to support reliable and optimum performance of our customer fleets all around the world."

Production and Backlog

  • Production capacity is at an all time high -- nearly two engines a day
  • More than 5,000 engines produced to date, another 2,000 engine backlog
  • Engine of choice on the sought after A321 with more than 80% of backlog
  • Awarded KC-390, 3rd application for V2500, deliveries 2013 - 2030

Sales outlook

  • IAE targeting remaining 800+ A320 family aircraft market
  • Leverage restructuring to offer more flexibility to A320 customers
  • Offer product improvements through SelectTwo™
  • Dependable world-class reliability demonstrated -- over 100 million flight hours

Renewed Aftermarket Services

  • With more than 4,000 engines in service and an average age of six years -- renewed focus to enhance customer service experience through innovative service solutions under the V-Services(SM) portfolio
  • 60% of the current fleet is managed under IAE V-Services(SM) agreement
  • V-Services(SM) represents more than $15 billion backlog on over 3,700 engines in the portfolio

"As we complete the recent restructuring of our consortium, we are very well aligned as a group," said Beatty. "Our partners have never been more steadfast, and Rolls-Royce continues to be a strategic supplier with a commitment to continue to build 50% of our engines. This realignment reflects how we work together in the best interests of our party companies, our customers, our employees and others important to us in our industry."

IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney (NYSE: UTX), Japanese Aero Engines and MTU Aero Engines. To date, more than 5,000 engines have been delivered and nearly 2,000 more engines are on order with close to 200 customers around the world. 

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