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$1 Billion Aero Engine and Landing Gear Agreement Signed Between Firth Rixson and United Technologies

July 17, 2014

ENP Newswire - 17 July 2014

Release date- 15072014 - 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 System's 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.


Firth Rixson

Firth Rixson House

26a Atlas Way, Sheffield

South Yorkshire, S4 7QQ

Tel: +44(0) 114 219 3000

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Source: ENP Newswire

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