P&WC Reaches an Agreement to Sell Brisbane MRO Facility to Vector Aerospace

LONGUEUIL, QUEBEC--(Marketwire - June 5, 2012) - Pratt & Whitney Canada (P&WC) has reached an agreement to sell its P&WC (A'Asia) Pty Ltd's Brisbane, Australia, MRO (maintenance, repair and overhaul) facility to Vector Aerospace Corporation. The sale applies to the assets and facility associated with its PT6A engine repair and overhaul facility located in the area. As part of the transaction, Vector's newly purchased facility will be appointed a Designated Overhaul Facility (DOF) for PT6A engines. P&WC is a United Technologies Corp. company (NYSE:UTX).

P&WC will work closely with Vector to ensure a seamless transition for customers, suppliers and employees. The closing is subject to customary closing conditions, including regulatory approvals.

"P&WC has been exploring ways to optimize its network while continuing to provide our customers with outstanding service," said Raffaele Virgili, Vice-President, Customer Service, P&WC. "P&WC is continuously reassessing and adjusting its global footprint by leveraging its Service Network and DOF network. This network mix provides customers with choice when selecting an MRO facility."

Vector is an independent provider of helicopter and fixed-wing engine repair and overhaul and also offers helicopter airframe MRO. The company is currently appointed as a P&WC DOF or DDOF (Distributor and Designated Overhaul Facility) at five different locations around the world. Such DOF appointments include the PT6A, JT15D and PW100 engines serviced from Vector's facility in Prince Edward Island, Canada. PW307A, PW308A and PW308C engines are serviced from Vector's Fleetlands facility in the United Kingdom. The PT6T DDOF appointment is held by Vector Helicopter Services in British Columbia, Canada. Select PW100, PT6A and JT15D engines are serviced from Vector's facility in France. Finally, Vector holds a PT6A DDOF authorization for its Lanseria, South Africa facility.

P&WC's Field Support Representative, the Regional Sales Managers and Customer Managers for the region will continue to support all P&WC customers for the entire range of P&WC engine models.

Customers have been contacted by the local Brisbane management team and a transition plan has been implemented helping to ensure no impact on customers.

About Pratt & Whitney Canada

Founded in 1928, and a global leader in aerospace, Pratt & Whitney Canada (P&WC) is shaping the future of business aviation with dependable, high-technology engines. Every second, a P&WC-powered aircraft takes off or lands somewhere in the world. P&WC's engines, with close to 600 million hours in the air, are the industry benchmark for innovative design, dispatch reliability, operating economics and easy maintenance. P&WC is firmly committed to ensuring that its products are designed, produced and operated while minimizing environmental impacts throughout their life cycle.

There are currently more than 49,000 engines in service on more than 28,000 aircraft operated by some 10,000 operators in 200 countries. The most extensive support network in the industry, which includes more than 30 company-owned and designated service facilities, supports this global fleet.

P&WC has been taking front-line services to the next level with its Customer First Centre (CFirst). CFirst brings together a multidisciplinary and multilingual support team to resolve issues so that customers can return to service quickly. CFirst handles more than 120,000 contacts every year.

Based in Longueuil, Quebec, Canada, P&WC is a United Technologies Corp. company (NYSE:UTX). UTC is a diversified company providing high-technology products and services to the global aerospace and building industries.