United Technologies (NYSE:UTX)
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By Stephen Nakrosis
Pratt & Whitney said Friday it signed an agreement with Vietnam Airlines to provide engine maintenance for the carrier.
Under the terms of the 12-year deal, Pratt & Whitney will provide GTF engine maintenance for the airline's fleet of 20 Airbus A321neo aircraft, the company said.
Pratt & Whitney said, "The GTF-powered A320neo has achieved a 16% reduction in fuel consumption, a 75% reduction in noise footprint and a 50% reduction in nitrogen oxide emissions," and added its GTF engine powers five aircraft platforms.
Financial terms of the deal were not disclosed.
Pratt & Whitney is a division of United Technologies Corp. (UTX).
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(END) Dow Jones Newswires
November 08, 2019 14:10 ET (19:10 GMT)
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