P&W Q1 sales up 23% as it looks to “burn through backlog” of GTF issues

Pratt & Whitney (P&W) reported Q1 2024 sales of $6.456bn, up 23% year-on-year, as the GTF engine manufacturer continues to address manufacturing issues with its PW1100G GTF (geared turbofan) powerplant. However, despite ongoing mitigation efforts regarding the geared turbofan powder metal discs, P&W still recorded a record operating profit of $412 million (down just 1% from the same period a year prior). P&W’s first quarter 2024 reported sales increase was driven by a 64% increase in commercial OE and a 9% increase in commercial aftermarket sales. ‘This increase… was primarily due to higher GTF OE volume and favorable mix, and