Press Releases

HELI-EXPO, DALLAS, TEXAS -- (MARKET WIRE) -- 02/12/12 -- Pratt & Whitney Canada (P&WC) announced today at Helicopter Association International's HELI-EXPO 2012 that it has now enrolled more than 500 of its turboshaft engines in its pay-per-hour Eagle Service" Plan (ESP® Program). Pratt & Whitney Canada is a United Technologies Corp. company (NYSE: UTX).

Whether customers are looking for basic or full coverage, P&WC's flexible service offering addresses all mission profiles including VIP transport, emergency medical services, maritime patrol, search and rescue and utility operations. The ESP® Program offers P&WC engine operators a complete range of OEM engine maintenance coverage options with up to four coverage levels available: Gold, Silver, Gold Lite, and Silver Lite. Coverage includes:

--  parts and shop labour for scheduled engine overhaul/refurbishment and
    hot section inspection,

--  basic unscheduled engine and Line Replaceable Units/accessory
    maintenance,

--  required product support improvements at shop visits,

--  rental engine support for covered events,

--  Engine Condition Trend Monitoring

--  and labour allowance for troubleshooting support.

The Silver and Gold programs also include Low Cycle Fatigue (LCF) parts, while Gold and Gold Lite programs add coverage for removal and installation labour and freight for engines and engine accessories.

"Our primary focus is the reliable, long-term maintenance of our customers' engines on a predictable cost basis predicated on our unique understanding of the maintenance requirements and costs of the engines we design and manufacture," said Raffaele Virgili, Vice President, Customer Service, P&WC. "We provide our customers the comfort of knowing that their investment is backed by the 24/7 coverage of P&WC's worldwide customer service network."

P&WC also announced that Greg Miller has been appointed ESP® Program Product Manager - Global Sales. Miller brings 20 years of aviation experience to his new role. He has previously worked in the airline/cargo industry, in a corporate flight department environment and for a fixed base operator in addition to his eight years with P&WC. "My previous experience has given me clear insights into what customers expect of their OEM," said Miller. "The fact that we have more than 500 turboshaft engines enrolled in our ESP® Program attests to the value it offers our customers."

P&WC has some 3600 engines enrolled in its ESP® Program, making it one of the largest pay-per-hour client groups in the aviation industry.

Come and see us at HELI-EXPO 2012, booth number 3317. Interested operators are invited to drop by P&WC's booth to speak with a customer service representative.

About Pratt & Whitney Canada

Founded in 1928, and a global leader in aerospace, Pratt & Whitney Canada (P&WC) is shaping the future of business aviation with dependable, high-technology engines. Every second, a P&WC-powered aircraft takes off or lands somewhere in the world. P&WC's engines, with close to 600 million hours in the air, are the industry benchmark for innovative design, dispatch reliability, operating economics and easy maintenance. P&WC is firmly committed to ensuring that its products are designed, produced and operated while minimizing environmental impacts throughout their life cycle.

There are currently more than 49,000 engines in service on more than 28,000 aircraft operated by some 10,200 operators in 200 countries. The most extensive support network in the industry, which includes more than 30 company-owned and designated service facilities, supports this global fleet.

P&WC has been taking front-line services to the next level with its Customer First Centre (CFirst). CFirst brings together a multidisciplinary and multilingual support team to resolve issues so that customers can return to service quickly. CFirst handles more than 120,000 contacts every year.

Based in Longueuil, Quebec (Canada), P&WC is a United Technologies Corp. company (NYSE: UTX). UTC is a diversified company providing high-technology products and services to the global aerospace and building industries.

Contacts:
Pratt & Whitney Canada
Maria Mandato, Cell: 514-546-3059
Heli-Expo 2012, Dallas, Texas, Booth 3317
maria.mandato@pwc.ca
@Maria_PWC
www.pwc.ca

Pratt & Whitney Canada
Anna di Giorgio
450-647-4111 or Cell: 514-244-4756
anna.di.giorgio@pwc.ca
@anna_pwc
www.pwc.ca

Source: Pratt & Whitney Canada

HELI-EXPO, DALLAS, TEXAS -- (MARKET WIRE) -- 02/12/12 -- Pratt & Whitney Canada (P&WC) is celebrating a major milestone with the delivery of its 75,000th engine. The engine, a PT6C-67C, was delivered recently to AgustaWestland for installation on the AW139. P&WC is a United Technologies Corp. company (NYSE: UTX).

P&WC's relationship with AgustaWestland is in its fifth decade. Since delivery of the first Twin-Pac® engine for the AB412 model helicopter in 1970, AgustaWestland has taken delivery of more than 3,600 P&WC engines to power the AW109 Power, AW139, AW119, Grand and Grand New model helicopters.

"This is an achievement for which P&WC employees around the world can rightly be proud," said Richard Dussault, Vice President, Marketing, P&WC. "It is a milestone that speaks to the continued strong demand for our products based on their performance and dependability."

The PT6C-67C

The PT6C is the turboshaft variant of the PT6A-67 turboprop engine, which has accumulated over 10 million hours of operation. The PT6C engine builds upon the demonstrated reliability, durability and low cost of operation of the PT6A engine family.

P&WC developed the new PT6C series of engines, rated from 1,679 shp to 1,940 shp takeoff (thermodynamic), and redefined the medium helicopter category while setting new levels for operational and performance standards.

The PT6C engine has grown to its current size class by the incorporation of a progression of technological advancements. This derivative of the PT6 family offers the best power-to-weight ratio of any engine in its class.

The modular design of the PT6C permits easier access to all Line Replacement Units (LRUs). The layout also allows operators to perform heavy maintenance in the field.

Helicopter Demand Remains Strong

P&WC remains optimistic regarding helicopter market demand. P&WC helicopter engine deliveries have more than tripled over the last decade. P&WC powers 60 per cent of all new civil helicopter applications in the light-twin, and intermediate and medium segments that have entered service in the past 15 years.

"Looking ahead, we forecast 50 per cent unit delivery growth in civil turbine helicopters from 2010 to 2020," states Dussault, "More specifically, light-twin and intermediate and medium segments will grow by 75 per cent during this period."

P&WC continues to invest in the technologies that will power the next generation of helicopters in each of these key market segments.

About Pratt & Whitney Canada

Founded in 1928, and a global leader in aerospace, Pratt & Whitney Canada (P&WC) is shaping the future of business aviation with dependable, high-technology engines. Every second, a P&WC-powered aircraft takes off or lands somewhere in the world. P&WC's engines, with close to 600 million hours in the air, are the industry benchmark for innovative design, dispatch reliability, operating economics and easy maintenance. P&WC is firmly committed to ensuring that its products are designed, produced and operated while minimizing environmental impacts throughout their life cycle.

There are currently more than 49,000 engines in service on more than 28,000 aircraft operated by some 10,200 operators in 200 countries. The most extensive support network in the industry, which includes more than 30 company-owned and designated service facilities, supports this global fleet.

P&WC has been taking front-line services to the next level with its Customer First Centre (CFirst). CFirst brings together a multidisciplinary and multilingual support team to resolve issues so that customers can return to service quickly. CFirst handles more than 120,000 contacts every year.

Based in Longueuil, Quebec (Canada), P&WC is a United Technologies Corp. company (NYSE: UTX). UTC is a diversified company providing high-technology products and services to the global aerospace and building industries.

Contacts:
Pratt & Whitney Canada
Maria Mandato, Cell: 514-546-3059
Heli-Expo 2012, Dallas, Texas, Booth 3317
maria.mandato@pwc.ca
@Maria_PWC
www.pwc.ca

Pratt & Whitney Canada
Anna di Giorgio
450-647-4111 or Cell: 514-244-4756
anna.di.giorgio@pwc.ca
@anna_pwc
www.pwc.ca

Source: Pratt & Whitney Canada

TORONTO, ONTARIO -- (MARKET WIRE) -- 02/12/12 -- With Valentine's Day just days away, BMO Financial Group released its Second Annual Valentine's Day Retirement Study which focuses on communication between couples on retirement planning.

According to the study, conducted by Leger Marketing, 69 per cent of Canadian couples state they have had a discussion with their partner about retirement plans. However, when examined more closely, fewer than half have discussed the essentials, including:

--  What their ideal retirement lifestyle will look like (47 per cent)
--  At what age they want to retire (46 per cent)
--  Where they want to live (44 per cent)
--  How much money they will need to support their ideal retirement
    lifestyle (42 per cent)
--  Whether they will be selling their house or staying in the family home
    (36 per cent)

Almost one-third (30 per cent) of Canadian couples do not have detailed insight into how much their partner has saved for retirement, including how much they have in their Registered Retirement Savings Plan (RRSP).

"We hear that communication is essential in a relationship-but that should include talking about finances and plans for retirement too," said Tina Di Vito, Head, BMO Retirement Institute. "The sooner couples have a detailed retirement 'talk', the easier it will be for them to develop and implement a financial plan that will help them realize their ideal retirement lifestyle."

The survey also found that fewer than one-third (27 per cent) of Canadian couples take advantage of spousal RRSPs, with one-quarter (26 per cent) not even knowing what they are. According to Ms. Di Vito, spousal RRSPs offer a tax-effective way to split your taxable income with your spouse at retirement.

With Valentine's Day and RRSP season on their minds, survey respondents were also asked what causes them more stress - Valentine's Day or planning for retirement:

--  Overall, respondents consider retirement (56 per cent) to be more
    stressful than Valentine's Day (20 per cent)
--  Interestingly, far more men indicated that issues relating to
    Valentine's Day cause them more stress (30 per cent) versus women (10
    per cent), while far more women selected retirement-related issues (61
    per cent) compared to men (51 per cent).

The online survey was conducted by Leger Marketing from January 30 - February 2, 2012, with a sample of 926 Canadian adults who are not currently single. A probability sample of the same size would yield a margin of error of +/-3.2 per cent, 19 times out of 20.

For more information on retirement: www.bmo.com/retirement.

Get the latest BMO press releases via Twitter by following @BMOmedia.

Contacts:
Media Contacts:
Amanda Robinson, Toronto
416-867-3996
amanda.robinson@bmo.com

Sarah Bensadoun, Montreal
514-877-8224
sarah.bensadoun@bmo.com

Laurie Grant, Vancouver
604-665-7596
laurie.grant@bmo.com

Source: BMO Financial Group and BMO Bank of Montreal

HELI-EXPO, DALLAS, TEXAS -- (MARKET WIRE) -- 02/12/12 -- Pratt & Whitney Canada (P&WC) announced today at Helicopter Association International's HELI-EXPO 2012 that it has delivered its 1,000th PT6C-67C engine to AgustaWestland, a Finmeccanica company. Pratt & Whitney Canada is a United Technologies Corp. company (NYSE: UTX).

The PT6C-67C, the latest generation engine in the PT6C turboshaft family, powers the AgustaWestland AW139 helicopter. This family of engines was designed to support the growing medium-class helicopter market, including offshore, law enforcement, VIP transport, emergency medical services, maritime patrol, search and rescue and utility operations. Operating in the 2,000 shaft horsepower class, the engine has quickly distinguished itself for its durability, ease of pilot operation, operating economics and maintenance diagnostics.

"This milestone speaks to the enduring relationship we have fostered with AgustaWestland over the years," said Richard Dussault, Vice President, Marketing, P&WC. "In addition to the PT6C family of engines, AgustaWestland helicopters are also powered by the full suite of P&WC turboshaft engines, including the PT6T, PT6B and the PW200. The new AgustaWestland AW169 aircraft will be powered by our latest, state-of-the-art, PW210A turboshaft engine."

Using the legendary PT6 engine as its base, P&WC has built a dependable and highly flexible family of turboshaft engines, designed to meet a variety of applications and power requirements for both twin- and single-engine helicopters. Innovation, dependability and sound operating economics are in the PT6's DNA.

P&WC helicopter engine deliveries have more than tripled over the last decade, positioning the company as a leader in the market in both products and customer support.

Come and see us at HELI-EXPO 2012, booth number 3317. Interested operators are invited to drop by P&WC's booth to speak with a customer service representative.

About Pratt & Whitney Canada

Founded in 1928, and a global leader in aerospace, Pratt & Whitney Canada (P&WC) is shaping the future of business aviation with dependable, high-technology engines. Every second, a P&WC-powered aircraft takes off or lands somewhere in the world. P&WC's engines, with close to 600 million hours in the air, are the industry benchmark for innovative design, dispatch reliability, operating economics and easy maintenance. P&WC is firmly committed to ensuring that its products are designed, produced and operated while minimizing environmental impacts throughout their life cycle.

There are currently more than 49,000 engines in service on more than 28,000 aircraft operated by some 10,200 operators in 200 countries. The most extensive support network in the industry, which includes more than 30 company-owned and designated service facilities, supports this global fleet.

P&WC has been taking front-line services to the next level with its Customer First Centre (CFirst). CFirst brings together a multidisciplinary and multilingual support team to resolve issues so that customers can return to service quickly. CFirst handles more than 120,000 contacts every year.

Based in Longueuil, Quebec (Canada), P&WC is a United Technologies Corp. company (NYSE: UTX). UTC is a diversified company providing high-technology products and services to the global aerospace and building industries.

Contacts:
Pratt & Whitney Canada
Maria Mandato, Cell: 514-546-3059
Heli-Expo 2012, Dallas, Texas, Booth 3317
maria.mandato@pwc.ca
@Maria_PWC
www.pwc.ca

Pratt & Whitney Canada
Anna di Giorgio
450-647-4111 or Cell: 514-244-4756
anna.di.giorgio@pwc.ca
@anna_pwc
www.pwc.ca

Source: Pratt & Whitney Canada

HELI-EXPO, DALLAS, TEXAS -- (MARKET WIRE) -- 02/12/12 -- Pratt & Whitney Canada (P&WC) announced today at Helicopter Association International's HELI-EXPO 2012 that it has expanded the capabilities of its Service Centre in Long Beach, California, to support its turboshaft family of engines. Pratt & Whitney Canada is a United Technologies Corp. company (NYSE: UTX).

"The West Coast of the United States is an important hub for the turboshaft sector," said Raffaele Virgili, Vice President, Customer Service, P&WC. "It is important for P&WC to be able to meet the aftermarket needs of our helicopter operators flying our engines in this region. Our priority is to ensure minimal down time for our operators and to put the global capabilities of our customer service operation at their disposal."

The Long Beach facility can now conduct component repairs and hot section inspections (HSI) for a variety of PW206 and PW207 turboshaft engines (PW206A/206E/207E, PW206A/206E, PW206B/206B2 and PW207C/D/D1/K). The facility also services CT and PT discs, performs segment grinding, and provides clutch inspections and HSIs for the PT6T engine.

Pratt & Whitney Canada's Long Beach facility was opened in August, 1985 and also provides maintenance and repair services for all P&WC engine models, including PT6A-series hot section and power section repairs, JT15D hot sections, PW500-series hot sections, PW100-series hot sections, and comprehensive line maintenance.

The PW200 family of engines is regarded as the industry's benchmark for the new generation of light-twin helicopters ranging from 500 shp to 800 shp. Helicopters powered by the PW200 family are employed in a number of applications and enjoy strong demand in emergency medical services, utility, law enforcement and general business. The PW200 is simple in its operation, with only three major rotating components and a modular design that enables easy maintenance.

P&WC has manufactured 3,400 PW200 engines in 12 models. They operate in 68 countries and have a combined 5 million hours of flight.

Come and see us at HELI-EXPO 2012, booth number 3317. Interested operators are invited to drop by P&WC's booth to speak with a customer service representative.

P&WC and the Helicopter Industry

Since the 1970s, P&WC has produced more than 12,000 engines for the helicopter market, accumulating more than 43 million flying hours. The company has certified 31 models for more than 25 applications and engines destined for the helicopter industry.

P&WC helicopter engine deliveries have more than tripled over the last decade, positioning the company as a leader in the market in both products and customer support.

About Pratt & Whitney Canada

Founded in 1928, and a global leader in aerospace, Pratt & Whitney Canada (P&WC) is shaping the future of business aviation with dependable, high-technology engines. Every second, a P&WC-powered aircraft takes off or lands somewhere in the world. P&WC's engines, with close to 600 million hours in the air, are the industry benchmark for innovative design, dispatch reliability, operating economics and easy maintenance. P&WC is firmly committed to ensuring that its products are designed, produced and operated while minimizing environmental impacts throughout their life cycle.

There are currently more than 49,000 engines in service on more than 28,000 aircraft operated by some 10,200 operators in 200 countries. The most extensive support network in the industry, which includes more than 30 company-owned and designated service facilities, supports this global fleet.

P&WC has been taking front-line services to the next level with its Customer First Centre (CFirst). CFirst brings together a multidisciplinary and multilingual support team to resolve issues so that customers can return to service quickly. CFirst handles more than 120,000 contacts every year.

Based in Longueuil, Quebec (Canada), P&WC is a United Technologies Corp. company (NYSE: UTX). UTC is a diversified company providing high-technology products and services to the global aerospace and building industries.

Contacts:
Pratt & Whitney Canada
Maria Mandato, Cell: 514-546-3059
Heli-Expo 2012, Dallas, Texas, Booth 3317
maria.mandato@pwc.ca
@Maria_PWC
www.pwc.ca

Pratt & Whitney Canada
Anna di Giorgio
450-647-4111 or Cell: 514-244-4756
anna.di.giorgio@pwc.ca
@anna_pwc
www.pwc.ca

Source: Pratt & Whitney Canada