United Technologies Corp. Announces Pratt & Whitney Expansion at West Palm
WEST PALM BEACH, Fla., Nov. 15, 2012
WEST PALM BEACH, Fla., Nov. 15, 2012 /PRNewswire/ --United Technologies Corp.
(NYSE:UTX) today announced that its Pratt & Whitney unit will expand
manufacturing capabilities at the company's West Palm Beach facility.
The formal announcement was made by UTC Chairman & Chief Executive Officer
Louis Chenevert and Florida Gov. Rick Scott during a press conference today at
the West Palm Beach facility, which is shared by both Pratt & Whitney and
Sikorsky Aircraft Corp., another United Technologies company.
Pratt & Whitney plans to invest more than $63 million to construct and equip a
new building and make improvements to existing space at the facility.
Construction is expected to begin in the first half of 2013. Overall, the
expansion is expected to result in creation of 230 new jobs. To support this
expansion, Pratt & Whitney will receive incentives from both the State of
Florida and Palm Beach County valued at approximately $4.4 million.
"We appreciate the leadership and vision of Governor Scott and the support of
the State and County governments as we expand our capabilities in West Palm
Beach," Chenevert said. "This expansion involves Pratt & Whitney's most
advanced commercial and military engines and builds upon the great work
already being done here. We look forward to continued strong cooperation with
the State of Florida and Palm Beach County."
"Florida's workforce is especially skilled to support the aeronautic industry,
and that's why we're pursuing the sort of quality jobs that can support and
sustain entire communities. From this expansion Pratt & Whitney is expected to
create hundreds of jobs, which will improve the quality of life and create
more job opportunities for Florida families," Scott said. "It also means we're
further strengthening Florida's foothold in partnering with the military and
defense industries that are critical to our nation's security. Although we're
making incredible progress, our work isn't done, and I'll continue to make job
creation my top priority."
United Technologies, based in Hartford, Conn., is a diversified company
providing high technology products and services to the global aerospace and
building industries. Pratt & Whitney is a world leader in the design,
manufacture and service of aircraft engines, space propulsion systems and
industrial gas turbines. Sikorsky Aircraft Corp., based in Stratford, Conn.,
is a world leader in helicopter design, manufacture and service.
Contact: John Moran, UTC
Stephanie Duvall, Pratt & Whitney
SOURCE United Technologies Corp.
Press spacebar to pause and continue. Press esc to stop.