Meggitt and United Technologies Corporation announce new supply agreement
Meggitt and United Technologies Corporation (UTC) today announced that they have signed a long-term supply agreement to support production at UTC’s aerospace businesses.
The new agreement facilitates the supply of key engineered items required by UTC at Pratt & Whitney and UTC Aerospace Systems, across a wide range of key programs. This agreement positions Meggitt to grow its supply relationship with UTC for products from three of its divisions: Polymers & Composites; Sensing Systems; and Control Systems.
Tony Wood, Chief Operating Officer at Meggitt, said: “This is a key step to further developing Meggitt’s long-standing relationship with UTC. Both UTC and Meggitt recognise the value in this revitalised partnership and the opportunity for mutually advantageous future growth. We are delighted to have reached an agreement intended to cover existing business, as well as standardising the structure of our business agreements. This will facilitate the ease of concluding future business between us.”
In addition to the long-term agreement, Meggitt is actively engaged in the UTC Supplier Gold program, aimed at setting industry benchmarks for the highest standards of quality and delivery performance.
“We value our long-standing relationship with Meggitt and are proud to sign this agreement,” said Peter Longo, Senior Vice President, Operations, UTC. “We have significant growth ahead of us in our aerospace business units and suppliers like Meggitt that commit to supplier gold, competitive costs and meeting our contractual governance will have continued opportunities to grow with UTC.”
For further information, please contact:
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About Meggitt PLC
Headquartered in the United Kingdom, this international group operates in North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs approximately 11,000 people at over 40 manufacturing facilities and regional offices worldwide.
United Technologies Corp. (NYSE: UTX), based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions the world needs. To learn more about UTC, visit www.utc.com or follow us on Twitter: @UTC.