East Hartford, Connecticut, February 13, 2024, PRNewswire – Pratt & Whitney, an RTX (NYSE: RTX) business, was awarded an F100 engine performance-based logistics (PBL) sustainment contract by South Korea’s Defense Acquisition Program Administration (DAPA). This contract, with a base value of $355 million, is the third consecutive PBL contract Pratt & Whitney and DAPA have signed since 2012, offering on-going maintenance support for the Republic of Korea Air Force’s (ROKAF) F-15 Eagles and F-16 Fighting Falcons.
This contract is the latest initiative in an enduring partnership between Pratt & Whitney, DAPA and ROKAF, and it will support more efficient depot planning and improve overall fleet readiness through long-term material forecasting. Sustainment work began in December of 2023 and will run through the second half of 2027.
Forward-Looking Statements
This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
East Hartford, Connecticut, November, 2023, PRNewswire – Pratt & Whitney, an RTX (NYSE: RTX) business, was awarded a long-term TF33 engine sustainment contract valued up to $870 million by the Defense Logistics Agency. The TF33 engine provides power to a wide range of aircraft, including the Boeing (NYSE: BA) B-52 Stratofortress and E-3 Sentry.
This agreement is a culmination of the Defense Logistics Agency’s decades-long partnership with the 448th Supply Chain Management Wing, Tinker Air Force Base, Okla., and Pratt & Whitney to establish a holistic sustainment solution. This first-of-its-kind approach will reduce obsolescence, supporting the U.S. Air Force’s wartime readiness today and into the foreseeable future.
Under this contract, Pratt & Whitney will provide comprehensive engine sustainment services for a global fleet of nearly 1,000 engines over a six-year period, with an option of extending for another four years. Services under this contract include maintenance, spare parts, program management, field service, repairs and engineering support.
Sustainment work will run through April 2034 at Tinker Air Force Base, Oklahoma, additional U.S. Air Force locations, and Pratt & Whitney’s Southern Logistics Center located in Atlanta, Georgia.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
– Adding Los Angeles, Las Vegas, San Francisco and Cancún, Mexico to Schedule
– JetBlue Planning to be the Largest Carrier in Connecticut by 2021
JetBlue (NASDAQ: JBLU) today announced it is expanding service in Hartford, Conn., with four new nonstop routes between Bradley International Airport (BDL) and Los Angeles (LAX), Las Vegas (LAS), San Francisco (SFO) and Cancún, Mexico (CUN)*. These routes are part of JetBlue’s strategy to add routes with high potential for leisure demand, and will set the airline up to be the largest carrier in Connecticut by 2021.
Last week, Connecticut simplified its travel advisory enabling all travelers visiting or returning to the state to provide a negative COVID-19 test result obtained within 72 hours prior to or upon arrival to avoid the state’s 14-day quarantine.
“We are excited to roll out these new routes connecting Hartford to some of our largest leisure destinations, bringing more low fares and great service to Connecticut residents,” said Scott Laurence, head of revenue and planning, JetBlue. “We are proud to play our part in support of Gov. Lamont’s economic recovery plan. We see great long-term potential for our business in Connecticut, as it becomes an increasingly attractive place to live and work. Additionally, the simplified travel advisory gives clarity to everyone who needs or wants to travel through Bradley International Airport.”
“One of Connecticut’s best competitive assets is its international airport in such close proximity to so many of our communities and employers,” said Connecticut Governor Ned Lamont. “This strengthening of the partnership with JetBlue shows once again how important Bradley International Airport is to our present and our future. More routes, and a strong international airport are key to Connecticut’s success.”
“We are thrilled that JetBlue has taken the step to strengthen their presence and route network at Bradley Airport with this impressive launch of four new cities,” said Kevin Dillon, executive director, Connecticut Airport Authority. “JetBlue is an important partner for us, and we are very pleased to see that the airline recognizes the potential of the Bradley Airport market. We are confident that our strengthened partnership will provide major benefits for Connecticut travelers, JetBlue, and Bradley Airport.”
JetBlue has built a sizeable presence in Hartford with up to 12 flights per day pre-pandemic and has been instrumental in adding new routes and lowering fares for state residents. When the routes launch in the coming months, JetBlue will have the most nonstop destinations from Bradley International Airport of any carrier.
Service between Bradley International Airport (BDL) and:
Cancún, Mexico (CUN)*Launching November 19, 2020
Los Angeles (LAX)Launching December 18, 2020
Las Vegas (LAS)Launching December 18, 2020
San Francisco (SFO)Launching December 18, 2020
The announcement for new Connecticut routes comes shortly after the airline revealed a lineup of two dozen all-new nonstop destinations, plus expanded Mint service in Newark and Los Angeles. Each route plays to JetBlue’s strengths in the airline’s focus cities, in Florida, Latin America and the Caribbean or on cross-country – or transcontinental – flying. Every market has been identified as one in which JetBlue anticipates increasing demand for leisure travel.
In anticipation of these recent network additions, JetBlue is readying some aircraft that have been temporarily parked. The airline is dedicated to remaining flexible, continuing to assess the airline’s network and allowing market demand to determine how long a particular route continues to operate.
