June 17, 2009 (FinancialWire) — United Technologies Corp.’s (NYSE: UTX) Pratt & Whitney unit said that Etihad Airways has selected International Aero Engines V2500 engines to power a new fleet of 20 Airbus A320 type aircraft. The contract is valued at more than $192 million to Pratt & Whitney, including a long-term IAE aftermarket agreement.

IAE is a joint venture company whose shareholders comprise of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corp. and MTU Aero Engines. Pratt & Whitney owns 32.5% of the shares.

Etihad Airways was the launch customer for the new V2500 “Selectone” engine in the Gulf region in March 2009. Nine of Etihad’s 10 A320-family aircraft are already powered by the V2500.

The V2500 is available in seven different thrust settings, from 22,000 to 33,000 lbs., to power the Airbus A319, A320 and A321 family of aircraft as well as the A319 Corporate Jet.

There are more than 5,500 V2500s in service or on firm order with more than 180 customers around the world.

East Hartford, Connecticut-based Pratt & Whitney is engaged in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines.

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