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RAYTHEON TECHNOLOGIES CORPORATION

(RTX)
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Raytheon Technologies : KLM Cityhopper Enters Service with First Aircraft Powered by Pratt & Whitney GTF™ Engines

03/03/2021 | 02:16pm EDT

EAST HARTFORD, CONN., March 1, 2021 -- Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX), ICBC Aviation Leasing and KLM Cityhopper today celebrated the entry into service of the airline's first Embraer E195-E2 aircraft, powered exclusively by Pratt & Whitney GTF engines. The airline committed to purchase 25 aircraft.

KLM was one of Pratt & Whitney's original customers, dating back to the 1930s, when airline operated numerous Wasp-powered aircraft, including the Douglas DC-3 and several early Fokker aircraft. The regional airline KLM Cityhopper, founded in 1966 as NLM Cityhopper and renamed KLM Cityhopper in 1991, also started operations with Fokker 50 aircraft, which were powered by PW100 turboprop engines.

'Pratt & Whitney is proud to power KLM Cityhopper's next-generation aircraft with our game-changing technology,' said Rick Deurloo, chief commercial officer and senior vice president at Pratt & Whitney. 'Our relationship with KLM goes back to the early days of aviation, and we look forward to continuing to work together to deliver more sustainable flight for years to come.'

The Embraer E-Jets E2 aircraft family is powered exclusively by Pratt & Whitney GTF engines and the company's APS2600E auxiliary power unit (APU). The APS2600E APU gives airlines greater flexibility, by increasing the altitude ceiling for Extended-range Twin-engine Operational Performance Standards (ETOPS) and other operations and providing a significant increase in electrical power delivery to meet the needs of today's airlines.

The E195-E2 aircraft, powered by Pratt & Whitney GTF engines, has more than 25.4% reduction in fuel burn per seat than the previous-generation E195, with NOx emissions 50% below the ICAO CAEP/6 regulation and 19dB to 20dB of ICAO Chapter 4 cumulative noise margin.

About Pratt & Whitney
Pratt & Whitney, a unit of Raytheon Technologies (NYSE:RTX) is a world leader in the design, manufacture and service of aircraft and helicopter engines, and auxiliary power units. Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. To learn more about RTX, visit its website at www.rtx.com. To receive press releases and other news directly, please sign up here.

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 levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production support, performance and realization of the anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Raytheon Technologies Corp.'s Securities and Exchange Commission filings.

Disclaimer

Raytheon Technologies Corporation published this content on 01 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2021 19:15:04 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 65 508 M - -
Net income 2021 5 220 M - -
Net Debt 2021 22 843 M - -
P/E ratio 2021 22,5x
Yield 2021 2,55%
Capitalization 118 B 118 B -
EV / Sales 2021 2,15x
EV / Sales 2022 1,97x
Nbr of Employees 181 000
Free-Float 89,0%
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Average target price 87,17 $
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Gregory J. Hayes President, Chief Executive Officer & Director
Neil G. Mitchill Chief Financial Officer
Thomas A. Kennedy Executive Chairman
Mark E. Russell Head-Technology & Global Engineering
Paolo C. Dal Cin Head-Operations & Supply Chain
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