REDDITCH, Worcestershire, U.K. - GKN Aerospace has agreed to a major risk and revenue sharing partnership (RRSP) with the Pratt & Whitney division of United Technologies Corp covering the supply of key components for the PurePower PW1900 Geared Turbofan (GTF) engine, which will power the Embraer 190 and the 195-E2 narrow body, medium range aircraft.
The agreement, under which GKN Aerospace will take a 7 percent share in the engine program, could be worth approximately USD2.5bn of GKN sales over the life of the program, subject to engine sales.
GKN Aerospace has already demonstrated its technological leadership in key engine components for other Pratt & Whitney GTF engines. This agreement ensures that GKN Aerospace has a strong industrial presence on all GTF engines.
Manufacture of all components will be undertaken at GKN Aerospace's facilities in Sweden, Norway and Connecticut, USA. First delivery of development parts is scheduled to take place early in 2015.