Pratt & Whitney to purchase assets from VAES.
Designer and manufacturer of aircraft engines Pratt & Whitney, a business unit of United Technologies Corp (NYSE: UTX), announced on Tuesday (20 February) that the company will purchase the majority of assets of Volvo Aero Engine Services (VAES).
The Volvo Aero Engine Services facility in Bromma, Sweden currently overhauls PW4000 94-inch, JT8D-200 and JT9D engines.
The company said that the assets to be purchased include the spare parts inventory and engine overhaul tooling and machinery for the JT8D, JT9D and PW4000 engines made by Pratt & Whitney.
The tooling and machinery will be moved to Pratt & Whitney Global Service Partners (GSP) locations worldwide to support maintenance, repair and overhaul (MRO) activities.
The spare parts inventory will be distributed among the six GSP engine overhaul centres and the company's spare parts hub in Dallas, Texas, US.
Financial details of the acquisition were not available.
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|Title Annotation:||Volvo Aero Engine Services AB|
|Publication:||Airline Industry Information|
|Article Type:||Brief article|
|Date:||Feb 21, 2007|
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