Pratt & Whitney

Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX), announced that it plans to invest at least $650 million through 2027 in a world-class turbine airfoil production facility in Asheville, North Carolina. The new, 1,000,000-square-foot facility will house an advanced casting foundry for the production of turbine airfoils as well as conduct machining, coating, and finishing of airfoils onsite.

Source: Pratt & Whitney

“This investment will enable Pratt & Whitney to continue to modernize and transform its operations with cutting-edge technologies," said Chris Calio, president, Pratt & Whitney. “Turbine airfoils are a critical component across our engine portfolio and demand will increase significantly as the market recovers over the next several years. We need to invest today to ensure that we have the infrastructure, production capabilities and workforce in place to meet future market demand and provide the best products to our customers worldwide. We are grateful for the support provided by the State of North Carolina and the local community.” 

The investment is intended to create 800 new jobs through 2027 in Buncombe County. The new, state-of-the-art facility will implement best-in-class manufacturing technologies and processes exemplifying industry 4.0 manufacturing principles and will complement existing turbine airfoil work that is done across Pratt & Whitney’s facilities.

Source: Pratt & Whitney

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