P&WC to Sell Brisbane MRO Facility to Vector Aerospace
Press Release Posted by Neelam Mathews June 5, 2012 Pratt & Whitney Canada (P&WC) has reached an agreement to sell its P&WC (A'Asia) Pty Ltd's Brisbane, Australia, MRO (maintenance, repair and overhaul) facility to Vector Aerospace Corporation. The sale applies to the assets and facility associated with its PT6A engine repair and overhaul facility located in the area. As part of the transaction, Vector's newly purchased facility will be appointed a Designated Overhaul Facility (DOF) for PT6A engines. P&WC is a United Technologies Corp. company UTX -0.79% . P&WC will work closely with Vector to ensure a seamless transition for customers, suppliers and employees. The closing is subject to customary closing conditions, including regulatory approvals. "P&WC has been exploring ways to optimize its network while continuing to provide our customers with outstanding service," said Raffaele Virgili, Vice-President, Customer Service, P...