Vietjet Air Signs 12-Year Maintenance Agreement with Pratt & Whitney
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
0mins
Should l Buy RTX?
Source: PRnewswire
- Order Expansion: Vietjet Air has placed an additional order for 44 GTF-powered Airbus A320neo family aircraft, bringing its total to 137, with deliveries starting in July 2026, thereby solidifying its position in the Asia-Pacific aviation market.
- Maintenance Agreement: Pratt & Whitney will provide a 12-year EngineWise® Comprehensive service agreement for Vietjet, ensuring efficient engine maintenance that enhances operational efficiency and reduces long-term operational costs.
- Fuel Efficiency Improvement: The GTF engine offers up to 20% better fuel efficiency, and combined with Vietjet's modern fleet, it is expected to significantly lower operating costs and enhance market competitiveness.
- Network Expansion Strategy: Currently operating 135 aircraft with nearly 600 more on order, Vietjet continues to expand its routes in the Asia-Pacific and Europe, aiming to provide cost-effective flying experiences and drive regional economic development.
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Analyst Views on RTX
Wall Street analysts forecast RTX stock price to fall
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 198.390
Low
168.00
Averages
195.77
High
215.00
Current: 198.390
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Facility Development: Since its opening in 1983, the Singapore facility has evolved into a vital hub for customer support across the Asia Pacific region, with the introduction of PT6C-67C maintenance capabilities marking the first turboshaft maintenance at the site, further enhancing its expertise in turboprop engines.
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See More
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- Significance of Certification: This certification enhances the operational capabilities and efficiency of the A320neo family, benefiting airlines and operators.
See More
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- Funding Allocation: The $725.9 million obligated at the time of the award comes from Fiscal Year 2026 Army funds, highlighting the government's confidence in Raytheon's products and their significance in defense spending.
- Project Implementation Location: The work will be carried out in Andover, Massachusetts, with completion expected by August 29, 2031, ensuring Raytheon's production capabilities on U.S. soil while positively impacting the local economy.
- Management Authority: The contract is managed by Army Contracting Command, reflecting Raytheon's solid relationship with the government and further solidifying its position among defense contractors.
See More
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- Service Launch: Pratt & Whitney Canada has introduced new maintenance, repair, and overhaul (MRO) services for helicopter and regional turboprop engines at its Singapore facility, aimed at enhancing support for over 300 PT6C-67C-powered Leonardo AW139 helicopters, thereby improving service capabilities for regional customers.
- Global Capacity Enhancement: The new services not only increase global MRO capacity for the PW127XT engine, supporting current ATR 42/72 aircraft, but also set the stage for future applications on the Deutsche Aircraft D328eco, further expanding market reach.
- Facility Development: Since its opening in 1983, the Singapore facility has evolved into a vital hub for customer support in the Asia Pacific region, with the new PT6C-67C capabilities marking the first provision of turboshaft maintenance at the site, supported by a new modular test cell for comprehensive overhauls.
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See More
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- Service Launch: Pratt & Whitney Canada has introduced new maintenance, repair, and overhaul (MRO) services for helicopter and regional turboprop engines at its Singapore facility, aimed at enhancing support for over 300 PT6C-67C-powered Leonardo AW139 helicopters, thereby improving customer service capabilities in the Asia-Pacific region.
- Global Capacity Expansion: The new services not only increase global MRO capacity for the PW127XT engine, supporting current ATR 42/72 aircraft, but also set the stage for future applications on the Deutsche Aircraft D328eco, further expanding market reach.
- Facility Evolution: Since its opening in 1983, the Singapore facility has evolved into a vital hub for customer support across the Asia-Pacific region, with the introduction of PT6C-67C capabilities marking the first maintenance of turboshaft engines at the site, supported by a new modular test cell for comprehensive overhauls.
- Industry Impact: Pratt & Whitney Canada has delivered over 3,000 PT6C-67C engines, accumulating more than 10 million flight hours, while the PW100 family boasts over 220 million flight hours globally, with 300,000 hours attributed to the PW127XT alone, demonstrating its significant influence in the aircraft engine market.
See More
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- Service Launch: Pratt & Whitney Canada has introduced new maintenance, repair, and overhaul (MRO) services for helicopter and regional turboprop engines at its Singapore facility, aimed at enhancing support for over 300 PT6C-67C-powered Leonardo AW139 helicopters, thereby improving service capabilities for regional customers.
- Global Capacity Enhancement: The new services not only increase global MRO capacity for the PW127XT engine, which supports current ATR 42/72 aircraft, but also positions the company for future applications on the Deutsche Aircraft D328eco, reflecting Pratt & Whitney's strategic expansion in the aviation market.
- Facility Development: Since its opening in 1983, the Singapore facility has evolved into a vital hub for customer support across the Asia Pacific region, with the introduction of PT6C-67C maintenance capabilities marking the first turboshaft maintenance at the site, further enhancing its expertise in turboprop engines.
- Flight Hours Accumulation: Pratt & Whitney Canada has delivered over 3,000 PT6C-67C engines, which have collectively accumulated more than 10 million flight hours, while the PW100 family boasts over 220 million flight hours globally, with 300,000 hours attributed to the PW127XT alone, demonstrating its widespread application and reliability in the market.
See More
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- Engine Certification Milestone: Pratt & Whitney announced that its GTF Advantage engine has received certification from the European Aviation Safety Agency (EASA), paving the way for production deliveries and entry into service, marking a significant advancement for the program.
- Performance Enhancement: The GTF Advantage engine offers a 4-8% increase in takeoff thrust, which not only enhances the payload capacity and range of the A320neo family aircraft but also opens up new route options for airlines, thereby increasing operational value.
- Production Capacity Investment: To meet growing demand, Pratt & Whitney is investing nearly $1 billion in its turbine airfoil facility in North Carolina and $200 million in its forging facility in Georgia to boost production capacity and ensure future market needs are met.
- Strong Market Demand: To date, over 2,700 GTF-powered aircraft have been delivered to more than 90 customers, with total orders and commitments for the GTF engine exceeding 13,000 units, demonstrating its strong appeal in the single-aisle aircraft market and potential for future growth.
See More
