Kawasaki Heavy Industries : Possible impact on the business results due to Announcement by RTX regarding PW1100G-JM Engine Progr...
September 12, 2023 at 08:22 pm EDT
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For Release: September 13, 2023
Possible impact on the business results due to Announcement by RTX
regarding PW1100G-JM Engine Program
Tokyo, September 11, 2023 - RTX*1, a participant in the joint project to develop the PW1100G-JM, in which Kawasaki participates through International Aero Engines, LLC, a multinational collaboration on civil aero engine, announced that 600 to 700 engines are scheduled to be removed for shop visits, resulting in an average of 350 AOGs*2 in the period between 2024 to 2026.
According to the announcement, RTX estimates the pre-tax operating profit impact to be $3.0 billion to $3.5 billion over the next several years.
As this may affect the business results of the Company, Kawasaki will closely examine the details provided by RTX and shall announce the impact as soon as the details become clear.
*1: Parent company of Pratt & Whitney which plays a key role in the joint project to develop the PW1100G-JM.
*2: Aircraft on Ground
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Kawasaki Heavy Industries Ltd. published this content on 13 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2023 00:21:08 UTC.
Kawasaki Heavy Industries, Ltd. specializes in manufacturing and marketing of transportation and industrial machines equipments. Net sales break down by activity as follows:
- sale of motorcycles and engines (29.8%);
- sale of aerospace equipments (19.9%): aircrafts, helicopters, missiles, electronic equipments, monorails, etc.;
- sale of gas turbines (19.8%): turbines for naval, marines and industrial applications, generators, propulsion systems, etc. The group also develops naval construction activity (construction of ships, submarines, bulk carriers, oil tankers, etc.);
- sale of precision machines (16.8%): primarily hydraulic machines. The group is also developing a manufacturing of industrial machinery activity (tunnel boring machines, curling machines, grinding machines, etc.);
- sale of railway equipments (8.4%): train cars, electric and diesel locomotives, monorails, etc.;
- other (5.3%).
KAWASAKI HEAVY INDUSTRIES, LTD. 
