September 25, 2009 (FinancialWire) — Israeli airline El Al has extended its fleet management contract with United Technologies Corp. (NYSE: UTX) Pratt & Whitney unit for five-years. The agreement, which covers service on PW4060 engines powering the carrier’s Boeing 767s and 747-400s, is worth around $70 million, according to Pratt & Whitney estimates.

The agreement includes management and overhaul of the engines with an option to extend the contract up to five additional years.

Pratt & Whitney is engaged in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. Hartford, Connecticut-based United Technologies provides high technology products and services to the global aerospace and commercial building industries.

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