GKN Aerospace enters into a risk and revenue sharing agreement with Pratt & Whitney for the PurePower PW1900G engine programme

GKN Aerospace has agreed a major risk and revenue sharing partnership (RRSP) with the Pratt & Whitney division of United Technologies Corporation covering the supply of key components for the PurePower PW1900 Geared Turbofan (GTF) engine – which will power the Embraer 190 and the 195-E2 narrow body, medium range aircraft. The agreement, under which GKN Aerospace will take a 7 percent share in the engine programme, could be worth approximately USD2.5bn of GKN sales over the life of the programme, subject to engine sales. GKN Aerospace has already demonstrated its technological leadership in key engine components for other Pratt