Champion Aerospace LLC and United Technologies Announce Long-Term Supply Agreements

FARMINGTON, Conn., Sept. 2, 2015 /PRNewswire/ -- Champion Aerospace LLC and United Technologies Corp. (NYSE: UTX) today announced that they have finalized Life of Program long-term supply agreements to support production at UTC's aerospace businesses.

The UTV² long-term supply agreements secure Life of Program contracts for exciters, ignition leads and igniters required by UTC primarily at UTC Aerospace Systems on many programs including Embraer E-Jets E2, Airbus A320neo, Bombardier C Series, Mitsubishi MRJ, F-35 Lightning II and many Pratt & Whitney Canada engines and APUs. These agreements position Champion Aerospace as one of UTC's preferred sources for ignition systems components globally.

"Champion Aerospace is very proud to continue our long term partnership with United Technologies for the ignition system on the PurePower® family of engines," said Jason Marlin, President, Champion Aerospace. "UTC's aerospace technologies are game changers for the industry, which is something that Champion Aerospace is honored to be part of. Our performance has helped assure that we are a part of this future."

In addition to signing long-term agreements, Champion Aerospace is actively engaged in the UTC Supplier Gold program and has set a goal of achieving Certified Gold status within the next 24 months. Champion Aerospace has also committed to the UTV² cost-savings initiative and UTC contractual Governance program, which sets high standards for quality and on time delivery.

"We are very pleased to announce these Life of Program agreements with Champion Aerospace and commend them for their commitment to meeting UTC's high standards for quality and performance while ensuring cost competitiveness," said Sam Abdelmalek, Vice President, Global Supply Management and Integration, United Technologies. "UTC's aerospace businesses are well-positioned for growth over the coming years. Suppliers like Champion Aerospace, who commit to our contractual governance standards, meet our demanding performance requirements by committing to Supplier Gold and satisfy our UTV² cost-savings initiatives, will have the opportunity to share in this growth for years to come."

Champion Aerospace LLC, a wholly owned subsidiary of TransDigm Group (NYSE: TDG), is a leading global designer, producer and supplier of aircraft ignition system technology and airframe power solutions for use on nearly all commercial, piston and military aircraft in service today. Champion ignition components powered the Wright brothers first powered flight in 1903 and have continued to power the skies ever since.

United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit the website at www.utc.com or follow the company on Twitter: @UTC.   

Statements contained in this press release regarding other than recitation of historical facts are forward-looking statements. These statements are identified by words such as "may," "will," " begin," " look forward," "expect," "believe," "intend," "anticipate," "should", "potential," "estimate," "continue," "momentum" and other words referring to events to occur in the future. These statements reflect the applicable Company's current view of future events and are based on its assessment of, and are subject to, a variety of risks and uncertainties beyond its control, including, but not limited to, the state of the world financial, credit, commodities and stock markets, and uncertainties regarding the Company, its businesses and the industries in which it operates, which are described in the applicable Company's filings with the Securities and Exchange Commission. The applicable Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

CONTACTS:
Jason Marlin, Champion Aerospace, 864-843-5320
Danielle Canzanella, United Technologies, 860-728-6238

SOURCE United Technologies Corp.

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