RTX's Pratt & Whitney Canada PT6A-52 selected to power new Piper M700 Fury® single-engine turboprop
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Insights
The selection of the PT6A-52 engine by Piper Aircraft for its M700 Fury aircraft underscores the engine’s adaptability and the ongoing innovation within the aerospace sector. The PT6A series has a storied reputation for reliability and performance, which is crucial in general aviation where safety and efficiency are paramount. This particular model being the first single-engine turboprop to be used in this capacity indicates a significant advancement in powerplant technology. The integration of an electronic low-oil-level indicator represents a forward step in aircraft safety and maintenance, potentially reducing human error during pre-flight checks.
Furthermore, the enhanced performance metrics such as a maximum cruise speed of 301 knots and a climb rate of over 2,000 feet per minute, alongside improved take-off and landing performance, are indicative of substantial engineering improvements. These developments could lead to increased interest and sales for Piper Aircraft, as well as enhanced competitiveness in the single-engine turboprop market. The engine’s ability to retain full horsepower at high altitudes could attract a niche market of operators who require such high-performance specifications for their missions.
The announcement of the PT6A-52 engine powering the new Piper M700 Fury is likely to have positive implications for Pratt & Whitney Canada's market share and financial performance within the general aviation engine market. The PT6A engine series holds a dominant position in this segment and the continued relationship with Piper Aircraft could reinforce this status. The operational benefits detailed, such as improved take-off, landing performance and high-altitude power retention, are competitive differentiators that can influence purchasing decisions of aircraft operators, especially those involved in passenger revenue activities where such performance metrics can translate into operational cost savings and increased revenue potential.
Moreover, the PT6A's status as the only engine approved for single-engine instrument flight rules status for passenger revenue activity in several major markets enhances its appeal, potentially leading to increased sales for Pratt & Whitney. This could have a positive impact on RTX's stock performance, as the aerospace segment is a significant contributor to the conglomerate's overall profitability. The announcement may also reflect positively on Piper Aircraft's competitiveness in the general aviation market, possibly affecting its valuation and investment attractiveness.
Pratt & Whitney's announcement about the PT6A-52 engine is likely to be viewed favorably by investors and industry analysts, as it solidifies the company's presence in the high-end segment of the general aviation market. The PT6A-52's selection for a new aircraft model not only represents a continuation of a successful partnership but also suggests confidence in the engine's performance and reliability from a well-established aircraft manufacturer. The financial impact of this partnership will depend on the market's reception of the Piper M700 Fury and the subsequent sales performance.
Investors will be interested in monitoring the uptake of the M700 Fury aircraft powered by the PT6A-52 engine, as this could lead to recurring revenue streams from engine sales, spare parts and maintenance services for Pratt & Whitney. Given the comprehensive support network and the advanced diagnostic capabilities offered by Pratt & Whitney, such as the Know My PT6 app, this could result in long-term customer engagement and retention, which is critical for sustained financial growth. This announcement may also stimulate investment in research and development within the aerospace industry, as competitors respond to the new benchmark set by Pratt & Whitney and Piper Aircraft.
Next generation aircraft re-affirms PT6A's engine-of-choice status in general aviation and builds on long-standing relationship between the two companies
"During our 55-year collaboration with Piper, we've had the privilege of powering some of the most successful single-engine turboprops in the industry," said Anthony Rossi, vice president, Global Sales and Marketing at Pratt & Whitney Canada. "The M700 Fury is an evolutionary addition to the Piper line-up that includes the PT6A-42A-powered M500 and M600 programs. In total, we have supplied Piper with 12 different PT6A engine models, delivering 3,100 engines to power more than 2,000 Piper aircraft."
Pratt & Whitney worked closely with Piper to integrate an electronic low-oil-level indicator, the first such device on a Piper aircraft, that facilitates the pre-flight process. With the PT6A-52 as its powerplant, the new Piper M700 Fury will also offer its customers:
- Maximum cruise speed of 301 knots true airspeed
- Class-leading maximum climb rate of more than 2,000 feet per minute
25% better take-off field length and landing performance compared to the M600SLS aircraft- Six-passenger capacity
- Maximum take-off weight of 6,000 pounds
"The Piper M700 Fury highlights the longstanding relationship between Piper Aircraft and Pratt & Whitney, solidifying our commitment to delivering unparalleled products to our customers," said John Calcagno, president and chief executive officer of Piper Aircraft. "The PT6A-52 engine in the M700 Fury retains its full 700 shaft horsepower up to 24,000 feet, giving the aircraft exceptional power at high altitudes."
The versatility and proven performance of the PT6A makes it the engine of choice for demanding, high-cycle/high-power applications, in single- and twin-engine aircraft for missions and applications of all kinds. The PT6A is the only engine to achieve single engine instrument flight rules status for passenger revenue activity in
Operators of PT6A engines are supported by Pratt & Whitney-owned and designated service facilities around the world, field support managers on six continents, a 24/7 Customer First Centre for rapid expert support, the most advanced diagnostic capabilities for this segment of the industry segment, including the Know My PT6 app, and the largest pool of Pratt & Whitney rental and exchange engines in the industry.
Read more about Pratt & Whitney's history of innovation here.
About Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. To learn more, visit www.prattwhitney.com.
About RTX
RTX is the world's largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of
For questions or to schedule an interview, please contact corporatepr@rtx.com
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SOURCE RTX
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