$1 Billion Aero Engine and Landing Gear Agreement Signed Between Firth Rixson and United Technologies
SHEFFIELD, England and RANCHO CUCAMONGA, Calif., July 15, 2014 /CNW/ -- Firth Rixson has signed a 10-year agreement valued at more than $1 billion with United Technologies Corporation (NYSE: UTX) to supply engine and system components for UTC Propulsion & Aerospace Systems' businesses Pratt & Whitney and UTC Aerospace Systems.
As UTC ramps up production of its commercial and military aircraft systems and engines, Firth Rixson will provide valuable parts for UTC's legacy and next generation programs, including Pratt & Whitney's PurePower® engine family, and UTC Aerospace Systems Boeing 787 and Airbus A320 programs. This reflects Firth Rixson's advancements in next generation aircraft manufacturing.
"UTC demands high standards for quality, delivery, cost and performance and many of our sites have earned UTC Supplier Gold status. I am convinced this contributed to our ability to win new business. We are delighted to have gained their customer confidence and secured Firth Rixson as a leading supplier in this globally competitive market," said David Mortimer, Chief Executive Officer of Firth Rixson.
He further stated that, "the contract also provides incentives for additional growth above and beyond the initial portfolio, which we will work towards obtaining, to further grow UTC as a critical customer."
"We are pleased to further expand our relationship with Firth Rixson, a supplier with several UTC Supplier Gold sites. This had significant influence on their selection for new business. Gold Suppliers perform better, which naturally makes them more competitive. This also enables them to meet our expectations for the highest quality standards while also meeting our cost and delivery requirements," said Benoit Brossoit, Vice President, UTC Operations. "This is an exciting time for UTC and our suppliers as we prepare to increase our capacity and establish UTC-wide agreements with key suppliers."
The new business will considerably benefit eleven of Firth Rixson's twelve operating facilities worldwide, spanning North America, the UK, and China.
About Firth Rixson
Headquartered in Sheffield, UK, Firth Rixson supplies seamless rolled rings (the company is the largest aero engine seamless ring supplier globally), forgings and specialty metals to primarily the aerospace market, but also to industries requiring highly engineered material applications, such as off-highway, mining and oil and gas. The company's internationally located operations, across the USA, UK, Europe and China, facilitate worldwide supply to a customer base in over 40 countries.
About United Technologies Corp.
United Technologies Corp., based in Hartford, Conn., is a diversified company providing high technology products and services to the building and aerospace industries. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC.
SOURCE Firth RixsonFor further information: Rachel Humphries, Position: Global Marketing Leader, Tel: +44 7717 326717, Email: email@example.com, http://www.firthrixson.com