Raytheon's Pratt & Whitney Plans $206M Investment In Columbus, Georgia Business

Raytheon Technologies Corp's RTX Pratt & Whitney disclosed the investment of $206 million to enhance capacity and footprint in Georgia.

The investment is expected to support the commercial and military engine programs and will be used for purchasing new machinery, equipment, and expansions. 

Pratt & Whitney aims for an 81,000-square-foot expansion of the Columbus Engine Center.

The investment is expected to boost overhaul capacity to 400 GTF engines annually and create around 400 new jobs by end-2028.

"We remain committed to supporting manufacturing jobs in Georgia and see an incredible opportunity to expand our workforce and our company's capabilities in Columbus, aligned with our Industry 4.0 strategy. This investment will help ensure that we have the infrastructure, machinery and equipment upgrades in place to provide the best products and services to our customers worldwide. The tremendous support we receive from the community and state have contributed to our success in Georgia," said Shane Eddy, president of Pratt & Whitney.

Apart from this, today, Pratt & Whitney disclosed the launch of an affiliate, Pratt & Whitney Maroc (PWM), in Casablanca, Morocco, to build detailed static and structural machined parts for varied engine models. 

Also Read: Raytheon's Pratt & Whitney Bags LATAM Airlines Contract To Power Additional A320neo Aircraft

Price Action: RTX shares are trading lower by 0.08% at $97.66 on the last check Tuesday.