Pratt & Whitney and Hanwha Techwin expand relationship in Singapore and on GTF programmes

Pratt & Whitney announced (27-Sep-2016) its United Technologies International Corporation-Asia Private subsidiary signed an agreement with Hanwha Techwin for Hanwha to acquire a 30% equity interest in P&W NGPF Manufacturing Company Singapore (PWMS). Through Hanwha and Pratt & Whitney's expertise, the PWMS facility will enhance delivery of GTF fan blades and high-pressure turbine disks more efficiently at a faster ramp to Pratt & Whitney's sites across its global network so as to meet Pratt & Whitney's increased orders demand. Further details include:

• Under the JV arrangement, Pratt & Whitney retains control of the sourcing of critical parts while sharing capital investment requirements with Hanwha. Hanwha also acquired a call option from Pratt & Whitney to purchase additional equity as early as 2023. The Singapore facility specialises in the manufacture of hybrid metallic fan blade parts and high-pressure turbine disks for the 'PurePower' GTF engine family;
• In conjunction with this agreement, Pratt & Whitney and Hanwha are expanding their risk and revenue sharing collaboration, increasing Hanwha's program share on both Pratt & Whitney's 24,000 pound and 30,000 pound thrust GTF programmes by 1% each. This brings Hanwha's program share to 3% and 2% respectively, to complement a 1% program share on the 17,000 pound thrust GTF engine programme;
• The parties intend for the transaction to close by the end of Sep-2016;
• In addition to the parts to be made in the Singapore facility, Hanwha produces mid turbine frames, diffuser cases, high pressure split cases and nickel integrally bladed rotors for Pratt & Whitney's family of GTF engines. [more - original PR]