Pratt & Whitney Wins US$40 Million PW4000 Engine Order from CIT Aerospace

Released on Monday, July 14, 2008

FARNBOROUGH AIR SHOW � July 14, 2008 � CIT Aerospace, one of the world's leading aircraft leasing organizations, has selected Pratt & Whitney PW4000-100" engines to power its new Airbus A330-200 aircraft. The contract is valued at more than US$40 million at list prices with engine deliveries in the fourth quarter of 2009. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX).

"We are delighted with the performance of our current Pratt & Whitney-powered fleet," said Tony Diaz, executive vice president, CIT Aerospace, Commercial Airlines. "The improved fuel efficiency and performance of the PW4000-100" engine with the Advantage™ technology upgrade is especially attractive to our customers as they look to reduce costs and improve environmental performance."

CIT's portfolio includes several additional Airbus and Boeing aircraft powered by Pratt & Whitney engines.

CIT Aerospace is a market-leader and we are excited to continue to support their growth with this follow-on order," said Todd Kallman, president, Pratt & Whitney Commercial Engines. "The PW4000-100" engine with Advantage technology brings the right combination of performance and value for the Airbus A330 and we are excited to deliver that value to CIT Aerospace and its customers."

The PW4000-100" engine with Advantage technology will bring improved environmental and economic performance for the A330 family of aircraft. The Advantage technology upgrade delivers enhanced engine performance, lower fuel consumption, increased durability and reduced maintenance costs.