Matthew Bromberg, president of the Pratt & Whitney Aftermarket business, recently met with senior editors at Aviation Week headquarters in Washington, D.C., to describe exciting transformational initiatives underway within the company.
"With more than 6,000 Geared Turbofan™ (GTF) engines sold, we are making sure we are tooled up and ready on Day 1 of entry into service (EIS) with a global, open network to support GTF engine operators," Bromberg said. "About 40 percent of our GTF engine customers are new to Pratt & Whitney. We are excited about this and aim to provide a flawless EIS experience."
Bromberg elaborated on the popularity of Pratt & Whitney's Fleet Management Programs (FMP). "These fleet care programs manage risk for operators who are uncertain about maintenance needs for their new engines. FMPs also align incentives. Neither we nor our customers want to put their engines into the shop or put unnecessary material into the engines. We both want to maintain safety, dispatch reliability, and longer engine time on wing. FMPs allow us to maintain the engines to our highest standards and let operators focus on flying."
Bromberg also is bullish about the future of Pratt & Whitney's Aftermarket business due to the company's growing installed base of engines. "We have an installed base of over 12,000 large commercial engines with about 8,000 engines in backlog, which includes more than 6,000 GTF engines. We also have over 1,000 V2500 engines yet to be delivered. This is in addition to the 6,400 V2500 engines already built. This number of installed engines is expected to grow.
"At the same time, the average age of our engines is getting younger. The average age of V2500 engines is eight years. Soon we will increase the fleet with younger GTF engines, which begin entering service later this year. This younger engine installed base will propel our Aftermarket business for the next 20 to 30 years.
"We are excited about our growing installed base. Internally, we are getting ready for GTF engine entry into service with a global, open network that will be ready to support customers on Day 1 of EIS. This is an exciting time in the MRO industry and at Pratt & Whitney, as we make Aftermarket the benchmark for delivery, quality, value and service," Bromberg said.
This article 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 and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in UTC's Securities and Exchange Commission filings.