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RAYTHEON TECHNOLOGIES CORPORATION

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Raytheon Technologies : GrandView Aviation Signs Engine Maintenance Agreement With Pratt & Whitney Canada

10/14/2021 | 08:32am EDT

LAS VEGAS, October 14, 2021 - Pratt & Whitney Canada (P&WC), a business unit of Pratt & Whitney, announced that business jet charter company GrandView Aviation has signed a Fleet Management™ Program (FMP™) for its fleet of 26 PW535E engines powering Embraer Phenom 300 aircraft.

"The FMP is tailored to GrandView's mission-specific engine maintenance needs," said Scott McElvaine, vice president, customer programs, Pratt & Whitney Canada. "As such, it will help the company maximize the value of its engine assets and increase time-on-wing performance. Our FMP program provides customers with a competitive advantage, while helping them save money."

P&WC's FMP is a flexible, high value engine maintenance solution that helps lock in lower operating costs and simplifies fleet operations management. Tailored to suit the unique requirements of fleet operators and airlines, the FMP allows customers to focus on their core business and eliminates the overhead and logistical challenges of operating a maintenance facility. Under this program, a skilled Pratt & Whitney-appointed team manages fleet operations delivering maximum return on investment, customer satisfaction and peace of mind.

"Fleet uptime is key to supporting our 24-7 missions that include private charters as well as life-saving organ transportation flights," said Michael Ruth, director of maintenance, GrandView Aviation. "We are excited to continue our investment in Pratt & Whitney's highly reliable engines.

"For a company like GrandView Aviation, dispatch availability is a key driver of customer satisfaction," said McElvaine. "With the planned maintenance environment that the FMP provides, the emphasis is on ensuring aircraft are ready to fly whenever, wherever they are needed."

About Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units. To learn more visit its www.prattwhitney.com. To receive press releases and other news directly, please sign up here.

Disclaimer

Raytheon Technologies Corporation published this content on 14 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2021 12:31:03 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 65 175 M - -
Net income 2021 4 362 M - -
Net Debt 2021 22 911 M - -
P/E ratio 2021 30,7x
Yield 2021 2,17%
Capitalization 138 B 138 B -
EV / Sales 2021 2,46x
EV / Sales 2022 2,24x
Nbr of Employees 181 000
Free-Float 88,5%
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Number of Analysts 19
Last Close Price 91,86 $
Average target price 101,76 $
Spread / Average Target 10,8%
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Managers and Directors
Gregory J. Hayes Chairman, President & Chief Executive Officer
Neil G. Mitchill Chief Financial Officer
Mark E. Russell Head-Technology & Global Engineering
Paolo C. Dal Cin Head-Operations & Supply Chain
Tracy A. Atkinson Independent Director
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