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UTX United Technologies Corporation

86.01
0.00 (0.00%)
08 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
United Technologies Corporation NYSE:UTX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 86.01 0 01:00:00

Pratt & Whitney Launches GatorWorks

12/06/2018 3:45pm

PR Newswire (US)


United Technologies (NYSE:UTX)
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BROOKLYN, N.Y., June 12, 2018 /PRNewswire/ -- Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), today announced the establishment of GatorWorks, a newly formed prototyping arm within Pratt & Whitney that will focus on the rapid and agile development of dependable, lower cost military engines. Pratt & Whitney GatorWorks' objective is to deliver state-of-the-art engines in half the lead time and for half the cost of traditional procurement cycles.

"The standard large engine development cycle is roughly 20 years. Our customers have asked for rapid innovation, technology development and new product introduction. GatorWorks is the answer," said Matthew Bromberg, president of Pratt & Whitney Military Engines. "Pratt & Whitney GatorWorks will seek to leverage commercial enterprise capabilities in rapid prototyping, iterative design, procurement, and testing of cutting-edge products for our customers. We've created an environment where our best engineers can reach their potential with all the tools they need, but without the unnecessary internal barriers that can sometimes slow them down." 

GatorWorks will seek to combine the efficiency, agility, and unconstrained boundaries of a small start-up, with the discipline and engineering rigor of the world's leading propulsion company. The new unit incorporates a mix of cross-functional teams, vertical integration and a short list of suppliers and partners. The GatorWorks team has been operational since early 2018, focused on a family of advanced products in development.

About Pratt & Whitney

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. 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 its website at www.utc.com, or follow the company on Twitter: @UTC.

For more information about Pratt & Whitney, visit http://www.pratt-whitney.com

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement priorities and practices, budget plans and availability of funding, and in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies, and the realization of the anticipated benefits associated with those advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.'s Securities and Exchange Commission filings.

Pratt & Whitney           
+1 (860) 565-9600
media@pw.utc.com

Cision View original content:http://www.prnewswire.com/news-releases/pratt--whitney-launches-gatorworks-300664868.html

SOURCE Pratt & Whitney

Copyright 2018 PR Newswire

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