Agreement Potentially Worth More Than $650 Million Over the Life of the Program
GKN Aerospace and Pratt & Whitney have agreed on a risk and revenue sharing partnership (RRSP) in the PurePower PW1400G-JM engine, which will power the Irkut MC-21 mid-range, single aisle aircraft. GKN estimates this RRSP is expected to be worth more than $650 million over the life of the program.
This latest agreement gives GKN Aerospace responsibility for the design and manufacture of the turbine exhaust case (TEC) and the compressor intermediate case (IMC) for the PW1400G-JM engine. Engine certification is scheduled for the end of 2015 followed by entry into service in late 2017.
In September 2014, GKN Aerospace announced a risk and revenue sharing partnership for the PW1900G engine for the Embraer E-jet 190/195E2 in an agreement GKN estimated to be worth in excess of $2.5 billion over the life of the program.
"We continue our long-term partnership with Pratt & Whitney, supplying these complex parts for their engines and constantly applying developments in technology to increase performance, reduce weight and material waste, and speed manufacture," said Mike McCann, CEO of GKN Aerospace, Engine Systems. "Again, this latest RRSP sees us working with Pratt & Whitney from a base of certified parts which helps streamline development, reduce risk, simplify certification and ease maintenance once the aircraft is in service."
The PW1400G-JM engine is a derivative of the PW1100G-JM engine, developed for the Airbus A320neo. GKN Aerospace also has an RRSP with Pratt & Whitney for the same components for the A320neo and is responsible for the design and manufacture of all TECs and IMCs for Pratt & Whitney's PurePower Geared Turbofan engines, including the PW1200G, PW1500G, the PW1700G and the PW1900G engines.
GKN plc is a global engineering group. It has four divisions; GKN Aerospace, GKN Driveline, GKN Powder Metallurgy and GKN Land Systems, which operate in the aerospace, automotive and land systems markets. Over 50,000 people work in GKN companies and joint ventures in more than 30 countries. GKN is listed on the London Stock Exchange (LSE: GKN) and has recorded sales of GBP7.5 billion in the year to 31 December 2014.
GKN Aerospace is a global first tier supplier of airframe structures, engine components, transparencies and fuel/flotation systems, with sales of GBP2.2bn in 2014 and a global workforce of over 12,000 employees. It has a significant participation on all major aircraft programmes today and a broad customer base spanning commercial, military, business aerospace and space markets. The company's extensive engineering capability and clear focus on targeted innovation has created technological and manufacturing leads in each of its areas of expertise.