STOCK TITAN

RTX's Pratt & Whitney, Embraer and OGMA announce first GTF engine induction

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Pratt & Whitney, an RTX business, and OGMA, an Embraer company, have announced the induction of the first Pratt & Whitney GTF™ engine at OGMA's Alverca-based facility in Portugal. This marks a significant milestone in their expanding relationship and OGMA's entry as the 18th active facility in the growing GTF MRO network. OGMA joined the network in 2020 to provide services for the PW1100G-JM engine, powering the Airbus A320neo family, and will add capability for the PW1900G engine, powering Embraer E190-E2 and E195-E2 aircraft.

The expansion demonstrates Pratt & Whitney's commitment to increasing GTF MRO capacity globally. By 2025, the company expects to have 19 active GTF MRO shops worldwide. This collaboration aligns with Embraer's accelerated growth strategy and enhances OGMA's capabilities to serve operators in Europe and around the world.

Pratt & Whitney, un'azienda di RTX, e OGMA, una compagnia di Embraer, hanno annunciato l'introduzione del primo motore Pratt & Whitney GTF™ presso la struttura di OGMA situata ad Alverca, in Portogallo. Questo rappresenta un traguardo significativo nella loro crescente collaborazione e l'ingresso di OGMA come 18° impianto attivo nel sempre più vasto network GTF MRO. OGMA è entrata nel network nel 2020 per fornire servizi per il motore PW1100G-JM, che alimenta la famiglia Airbus A320neo, e aggiungerà la capacità per il motore PW1900G, utilizzato sugli aerei Embraer E190-E2 e E195-E2.

L'espansione dimostra l'impegno di Pratt & Whitney nell'aumentare la capacità GTF MRO a livello globale. Entro il 2025, l'azienda prevede di avere 19 officine GTF MRO attive in tutto il mondo. Questa collaborazione si allinea con la strategia di crescita accelerata di Embraer e migliora le capacità di OGMA nel servire gli operatori in Europa e nel resto del mondo.

Pratt & Whitney, un negocio de RTX, y OGMA, una compañía de Embraer, han anunciado la inducción del primer motor Pratt & Whitney GTF™ en las instalaciones de OGMA en Alverca, Portugal. Esto marca un hito significativo en su relación en expansión y la entrada de OGMA como la 18ª instalación activa en la creciente red de GTF MRO. OGMA se unió a la red en 2020 para proporcionar servicios para el motor PW1100G-JM, que impulsa la familia Airbus A320neo, y añadirá capacidad para el motor PW1900G, que potencia las aeronaves Embraer E190-E2 y E195-E2.

La expansión demuestra el compromiso de Pratt & Whitney de aumentar la capacidad de GTF MRO a nivel global. Para 2025, la compañía espera tener 19 talleres GTF MRO activos en todo el mundo. Esta colaboración se alinea con la estrategia de crecimiento acelerado de Embraer y mejora las capacidades de OGMA para servir a los operadores en Europa y alrededor del mundo.

프랫 앤드 휘트니(Pratt & Whitney), RTX 소속 기업,와 오그마(OGMA), 엠브라에르(Embraer) 소속 회사가 포르투갈 알베르카에 위치한 OGMA 시설에서 첫 번째 프랫 앤드 휘트니 GTF™ 엔진의 도입을 발표했습니다. 이는 그들의 관계 확대에 있어 중요한 이정표가 되며, OGMA는 성장하는 GTF MRO 네트워크의 18번째 활성 시설로도 진입합니다. OGMA는 2020년에 PW1100G-JM 엔진을 위한 서비스를 제공하기 위해 네트워크에 가입하였으며, 엠브라에르 E190-E2 및 E195-E2 항공기용 PW1900G 엔진에 대한 능력을 추가할 것입니다.

이번 확장은 프랫 앤드 휘트니가 전 세계적으로 GTF MRO 용량을 증가시키기 위해 헌신하고 있음을 보여줍니다. 2025년까지 이 회사는 전 세계적으로 19개의 활성 GTF MRO 샵을 보유할 것으로 예상하고 있습니다. 이번 협력은 엠브라에르의 가속화된 성장 전략과 일치하며, OGMA의 역량을 더욱 향상시켜 유럽 및 전 세계의 운영자들에게 서비스를 제공할 수 있도록 합니다.

Pratt & Whitney, une entreprise de RTX, et OGMA, une société d'Embraer, ont annoncé l'introduction du premier moteur Pratt & Whitney GTF™ dans l'installation d'OGMA située à Alverca, au Portugal. Cela marque une étape importante dans leur relation en expansion et l'entrée d'OGMA en tant que 18ème installation active dans le réseau croissant de GTF MRO. OGMA a rejoint le réseau en 2020 pour fournir des services pour le moteur PW1100G-JM, qui propulse la famille Airbus A320neo, et ajoutera la capacité pour le moteur PW1900G, qui propulse les avions Embraer E190-E2 et E195-E2.

Cette expansion démontre l'engagement de Pratt & Whitney à augmenter la capacité de GTF MRO à l'échelle mondiale. D'ici 2025, l'entreprise s'attend à disposer de 19 ateliers GTF MRO actifs dans le monde. Cette collaboration s'aligne avec la stratégie de croissance accélérée d'Embraer et renforce les capacités d'OGMA pour servir les opérateurs en Europe et dans le monde entier.

Pratt & Whitney, ein Unternehmen von RTX, und OGMA, ein Unternehmen von Embraer, haben die Einführung des ersten Pratt & Whitney GTF™-Triebwerks in der im portugiesischen Alverca gelegenen OGMA-Anlage bekannt gegeben. Dies stellt einen bedeutenden Meilenstein in ihrer sich entwickelnden Beziehung dar und OGMA tritt als 18. aktive Einrichtung im wachsenden GTF MRO-Netzwerk bei. OGMA trat 2020 dem Netzwerk bei, um Dienstleistungen für das PW1100G-JM-Triebwerk anzubieten, das die Airbus A320neo-Familie antreibt, und wird die Fähigkeit für das PW1900G-Triebwerk hinzufügen, das die Embraer E190-E2 und E195-E2 Flugzeuge antreibt.

Die Expansion zeigt das Engagement von Pratt & Whitney, die GTF MRO-Kapazitäten weltweit zu erhöhen. Bis 2025 erwartet das Unternehmen, weltweit 19 aktive GTF MRO-Werkstätten zu haben. Diese Zusammenarbeit steht im Einklang mit der beschleunigten Wachstumsstrategie von Embraer und verbessert die Fähigkeiten von OGMA, Betreiber in Europa und weltweit zu bedienen.

Positive
  • Expansion of GTF MRO network to 18 active facilities, with OGMA joining as the newest member
  • Addition of PW1900G engine capability at OGMA, expanding service offerings for Embraer E190-E2 and E195-E2 aircraft
  • Increased global GTF MRO capacity to support growing fleet
  • Alignment with Embraer's accelerated growth strategy
Negative
  • None.

Insights

The induction of the first Pratt & Whitney GTF™ engine at OGMA's Alverca facility represents a strategic expansion of the GTF MRO network. This development is moderately positive for RTX and its Pratt & Whitney division, as it enhances their global service capabilities and supports the growing GTF fleet in Europe.

Key points to consider:

  • OGMA becomes the 18th active facility in the GTF MRO network, with plans to reach 19 shops by 2025. This expansion aligns with the increasing demand for GTF engine maintenance as the fleet grows.
  • The collaboration strengthens the relationship between Pratt & Whitney and Embraer, potentially leading to future business opportunities and synergies.
  • OGMA's century-long maintenance expertise adds valuable capabilities to the network, particularly for the PW1100G-JM and PW1900G engines, which power popular narrow-body aircraft.

While this news is positive for RTX's aftermarket services, its immediate financial impact is likely to be The true value lies in the long-term potential for increased service revenue and customer satisfaction as the GTF fleet expands. Investors should view this as a strategic move to secure future revenue streams rather than an immediate catalyst for stock price movement.

From a financial perspective, the expansion of Pratt & Whitney's GTF MRO network through OGMA's facility activation is a positive development for RTX, albeit with a gradual impact on the company's financials. Here's why:

  • Aftermarket services typically offer higher profit margins compared to original equipment sales. By expanding its MRO network, RTX is positioning itself to capture more of this high-margin business.
  • The GTF engine program represents a long-term revenue stream. As more airlines adopt GTF-powered aircraft, the demand for maintenance services will grow, providing RTX with a steady income source over the engines' lifecycle.
  • Geographical diversification of MRO capabilities can lead to cost efficiencies and improved customer service, potentially enhancing RTX's competitiveness in the engine aftermarket segment.

However, investors should note that the financial benefits will likely materialize gradually. The impact on RTX's stock in the short term may be , as the market tends to focus on more immediate catalysts such as quarterly earnings or large contract wins. Long-term investors should view this as a strategic move that reinforces RTX's position in the lucrative aircraft engine aftermarket.

Portugal shop becomes the 18th active facility in growing GTF MRO network

LONDON, July 25, 2024 /PRNewswire/ -- Farnborough Air Show -- Pratt & Whitney, an RTX (NYSE: RTX) business, and OGMA Indústria Aeronáutica de Portugal S.A. ("OGMA"), an Embraer company, announced today the induction of the first Pratt & Whitney GTF™ engine at OGMA during the inaugural opening of the Alverca-based facility.

"This marks a significant milestone in our expanding relationship with OGMA and Embraer, furthering our commitment to providing global industry-leading service and support to increase GTF MRO capacity," said Marc Meredith, vice president of aftermarket for GTF engines at Pratt & Whitney. "OGMA brings more than a century of maintenance expertise to the network and will provide critical support for the growing GTF fleet in Europe."

The Embraer company joined the GTF MRO network in 2020 to provide disassembly, assembly and test capability for the PW1100G-JM engine, which powers the Airbus A320neo aircraft family. In 2021, OGMA announced that it will add capability for the PW1900G engine, which powers the Embraer E190-E2 and E195-E2 aircraft.

"We're proud to extend our collaboration with Pratt & Whitney on today's most advanced technologies," said Paulo Monginho, chief executive officer at OGMA. "By adding the GTF engine to our portfolio, we are growing our capabilities to serve the needs of operators in Europe and around the world."

"Embraer and OGMA are very pleased to deepen its relationship with Pratt & Whitney. With this collaboration, we are on the right track to expand our services portfolio for the GTF fleet as part of Embraer's accelerated growth strategy", says Carlos Naufel, President and CEO, Embraer Services & Support.

Pratt & Whitney announced three GTF MRO facility expansions and six shop activations in 2023 to support the growing GTF fleet. OGMA marks the 18th active location and the eighth facility in Europe. By 2025, the company expects to have 19 active GTF MRO shops worldwide.

The GTF MRO network is part of Pratt & Whitney EngineWise® solutions which provide operators with a full range of aftermarket services resulting in long-term, sustainable value. For more information, visit prattwhitney.com/enginewise.  

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
With more than 185,000 global employees, RTX pushes 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, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com.

 

Cision View original content:https://www.prnewswire.com/news-releases/rtxs-pratt--whitney-embraer-and-ogma-announce-first-gtf-engine-induction-302206911.html

SOURCE RTX

FAQ

What is the significance of OGMA inducting the first Pratt & Whitney GTF engine for RTX (RTX)?

The induction marks OGMA's entry as the 18th active facility in Pratt & Whitney's growing GTF MRO network, expanding RTX's global service capabilities and supporting the increasing GTF fleet in Europe.

Which aircraft engines will OGMA service for Pratt & Whitney, a division of RTX (RTX)?

OGMA will service the PW1100G-JM engine for the Airbus A320neo family and the PW1900G engine for the Embraer E190-E2 and E195-E2 aircraft.

How many GTF MRO shops does Pratt & Whitney, part of RTX (RTX), expect to have by 2025?

Pratt & Whitney expects to have 19 active GTF MRO shops worldwide by 2025, supporting the growing GTF fleet.

What is the EngineWise solution offered by Pratt & Whitney, a subsidiary of RTX (RTX)?

EngineWise is Pratt & Whitney's comprehensive aftermarket service solution that provides operators with a full range of services for long-term, sustainable value.

RTX Corporation

NYSE:RTX

RTX Rankings

RTX Latest News

RTX Stock Data

157.26B
1.33B
0.08%
82.47%
0.96%
Aerospace & Defense
Aircraft Engines & Engine Parts
Link
United States of America
ARLINGTON