P&WC Reaches an Agreement to Sell Brisbane MRO Facility to Vector Aerospace
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 (NYSE: UTX).
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.