OTHER CORPORATE INFORMATION:
New agreement signed between OGMA, an Embraer Group company, and Pratt & Whitney now includes maintenance of GTF engines that power the Embraer E190-E2 and E195-E2 aircraft
OGMA joined Pratt & Whitney’s GTF MRO network last year when it was announced that OGMA would provide maintenance for PW1100G-JM GTF engines, which power the new generation of commercial aircraft, namely the Airbus A320neo family
The project with Pratt & Whitney involves an investment of 80 million euros and expands OGMA's range of engine maintenance services, creates nearly 500 jobs over the next few years and allows OGMA to triple its turnover to nearly 600 million euros per year
Today, November 19th, OGMA, an Embraer Group company, signed a new contract with Pratt & Whitney that reinforces the collaboration between the two companies, which began a year ago. This agreement, signed in the presence of the Prime Minister, António Costa, ensures that Portugal will provide maintenance for the PW1900G engine that currently powers the Embraer E190-E2 and E195-E2 aircraft. In November of 2020, OGMA was announced as an authorized maintenance facility for Pratt & Whitney, one of the world's largest aircraft engine manufacturers. At that time an agreement was formalized that allowed the Portuguese company to launch industrialization and training to service the Pratt & Whitney GTF™ PW1100G-JM engine. This year, that capability is expanding to include the PW1900G engine.
This was the culmination of a project developed by OGMA, with the support of Embraer, which allowed OGMA to expand its scope of activity in the engine maintenance area, marking the entry of Pratt & Whitney's maintenance, repair and overhaul area in Portugal.
Throughout the project, with a greater impact between 2022 and 2023, the creation of around 300 direct highly skilled jobs is expected. And with this new contract from 2027, it is expected the creation of about 200 more jobs.
OGMA is investing a total of 80 million euros, mostly in the first four years of the project, in a strategic step that will allow the company to broaden its scope of activity in the engine maintenance area, capture new business over the coming decades and triple the company's turnover, reaching the 600 million euro per year level. Over the 30-year term of the contract between OGMA and P&W, more than 13 billion euros in revenue is expected.
Pratt & Whitney's GTF engines constitute a new generation of high bypass turbofan engines, which began operating in 2016, allowing operations with up to 16% reduction in fuel consumption, up to 75% reduction in noise emissions and up to 50% reduction in regulated emissions compared to the previous generation of engines.
For Alexandre Solis, CEO of OGMA, "this strengthening of the collaboration with Pratt & Whitney is the recognition of a collaboration that began a year ago between two companies that strive for excellence and quality in their products. It is also an appreciation of the commitment and experience of our teams." “We are pleased to see OGMA’s role as a member of our GTF MRO network expand to encompass the PW1900G,” said Marc Meredith, executive director of GTF Engine Aftermarket at Pratt & Whitney. “The relationship between Pratt & Whitney, Embraer, and OGMA has been invaluable, and we are confident that OGMA’s skill and experience will be a tremendous asset to the network as we continue to support our growing global fleet of GTF engines with world class service.”
“The addition of the PW1900G engine maintenance capability is an important step towards consolidating OGMA as a reference service center for GTF engines for E-Jets E2 operators, in addition to representing a reinforcement of Embraer's business diversification strategy in Portugal, contributing to the satisfaction of our customers and the generation of new revenues in the coming years”, said Johann Bordais, President and CEO of Embraer Services & Support.