FARMINGTON, Conn., Sept. 2, 2015 /PRNewswire/ -- Champion Aerospace
LLC and United Technologies Corp. (NYSE: UTX) today announced that
they have finalized Life of Program long-term supply agreements to
support production at UTC's aerospace businesses.
The UTV2 long-term supply agreements secure Life of
Program contracts for exciters, ignition leads and igniters
required by UTC primarily at UTC Aerospace Systems on many programs
including Embraer E-Jets E2, Airbus A320neo, Bombardier C Series,
Mitsubishi MRJ, F-35 Lightning II and many Pratt & Whitney Canada engines and APUs. These
agreements position Champion Aerospace as one of UTC's preferred
sources for ignition systems components globally.
"Champion Aerospace is very proud to continue our long term
partnership with United Technologies for the ignition system on the
PurePower® family of engines," said Jason
Marlin, President, Champion Aerospace. "UTC's aerospace
technologies are game changers for the industry, which is something
that Champion Aerospace is honored to be part of. Our performance
has helped assure that we are a part of this future."
In addition to signing long-term agreements, Champion Aerospace
is actively engaged in the UTC Supplier Gold program and has set a
goal of achieving Certified Gold status within the next 24 months.
Champion Aerospace has also committed to the UTV2
cost-savings initiative and UTC contractual Governance program,
which sets high standards for quality and on time delivery.
"We are very pleased to announce these Life of Program
agreements with Champion Aerospace and commend them for their
commitment to meeting UTC's high standards for quality and
performance while ensuring cost competitiveness," said Sam Abdelmalek, Vice President, Global Supply
Management and Integration, United Technologies. "UTC's aerospace
businesses are well-positioned for growth over the coming years.
Suppliers like Champion Aerospace, who commit to our contractual
governance standards, meet our demanding performance requirements
by committing to Supplier Gold and satisfy our UTV2
cost-savings initiatives, will have the opportunity to share in
this growth for years to come."
Champion Aerospace LLC, a wholly owned subsidiary of TransDigm
Group (NYSE: TDG), is a leading global designer, producer and
supplier of aircraft ignition system technology and airframe power
solutions for use on nearly all commercial, piston and military
aircraft in service today. Champion ignition components powered the
Wright brothers first powered flight in 1903 and have continued to
power the skies ever since.
United Technologies Corp., based in Farmington, Connecticut, provides
high-technology systems and services to the building and aerospace
industries. To learn more about UTC, visit the website at
www.utc.com or follow the company on Twitter:
@UTC.
Statements contained in this press release regarding other
than recitation of historical facts are forward-looking statements.
These statements are identified by words such as "may," "will," "
begin," " look forward," "expect," "believe," "intend,"
"anticipate," "should", "potential," "estimate," "continue,"
"momentum" and other words referring to events to occur in the
future. These statements reflect the applicable Company's current
view of future events and are based on its assessment of, and are
subject to, a variety of risks and uncertainties beyond its
control, including, but not limited to, the state of the world
financial, credit, commodities and stock markets, and uncertainties
regarding the Company, its businesses and the industries in which
it operates, which are described in the applicable Company's
filings with the Securities and Exchange Commission. The applicable
Company is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements
whether as a result of new information, future events or
otherwise.
CONTACTS:
Jason Marlin,
Champion Aerospace, 864-843-5320
Danielle Canzanella, United
Technologies, 860-728-6238
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SOURCE United Technologies Corp.