Pratt & Whitney Signs Thrust Reverser Component Distribution Agreement with Satair Group

Under the agreement, Satair Group will distribute the spare parts to Pratt & Whitney’s worldwide customer base. Satair Group will also maintain customer orders and fulfillment for the life of the program. The parties currently anticipate that Satair Group will commence its distribution duties on December 17, 2016.

“Through this agreement with Pratt & Whitney, we will add the thrust reverser component distribution into our parts portfolio to provide an even broader product scope offering to our customers. We look forward to the expanded relationship and the opportunity to provide great value-added service to both our customers and Pratt & Whitney,” said Steen Karsbo, Vice President of Business Development at Satair Group.

“We strive to provide our current and future customers with the highest level of maintenance services,” said Carroll Lane, vice president, Commercial Aftermarket. “Through our agreement with Satair Group, we expect to provide our customers with just that - a highly qualified and respected organization with a worldwide distribution network that will benefit our customers and their maintenance needs.”

Satair Group is a global company and world leader in the commercial aerospace aftermarket with more than 1,000 employees in 10 locations worldwide. Satair Group is a wholly-owned subsidiary of Airbus S.A.S. and the merged organization between the Airbus Material & Logistics Management division and Satair. Headquartered in Copenhagen and Hamburg, Satair Group provides services to customers and suppliers through sales, warehousing and service centers in Europe, North America, the Middle East, Asia Pacific and China. To learn more about Satair Group, visit www.satairgroup.com, or follow the company on Twitter: @Satair_aviation

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC.

This press release 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 United Technologies Corp.'s Securities and Exchange Commission filings.