
Pratt & Whitney Acquires Propulsion Technology Business
Contact:
Pratt & Whitney Public Relations
(860)-565-9600
EAST HARTFORD, Conn., January 23, 2001 -- Pratt & Whitney, a division of United Technologies Corp. (NYSE:UTX), has purchased the Astronautics and Aerosciences Division (AASD) of Adroit Systems, Inc. (ASI) as part of Pratt & Whitney's overall advanced technology plan.
The Seattle-based division of ASI has developed leading-edge technology in fluid mechanics and advanced combustion concepts. Its work in pulse detonation technology holds great promise for advanced gas turbines, rocket and other applications.
"AASD is a first rate engineering organization," said Stephen Finger, president of Pratt & Whitney's military engines unit. "We believe combining that team's outstanding talent and knowledge with Pratt & Whitney's opportunities will advance this technology more rapidly."
The unit, based in Bellevue, Washington, employs approximately 25 people. It will be renamed the Pratt & Whitney Seattle Aerosciences Center and be part of Pratt & Whitney's Advanced Engines Program organization. Financial terms are not being disclosed.
UTC's Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines.
ASI is headquartered in Alexandria, Virginia, with additional offices in Ohio and Georgia. Its primary customers include the Department of Defense, NASA and other aerospace companies in areas such as airborne reconnaissance, unmanned vehicles, and command, control, communications, computers and intelligence (C4I) systems.
Certain statements in this press release, are "forward-looking statements" as defined under securities law, including statements about advanced technology plans, the possible uses of technology being acquired and the speed of potential technological advancement. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ from the statements. These include risks and uncertainties inherent in applying and advancing technology and bring businesses together. Any forward-looking statements should be evaluated in light of these and other risk factors.
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