Pratt & Whitney, an RTX business (NYSE:RTX), announced today that it will launch an affiliate, Pratt & Whitney Maroc (PWM), in Casablanca, to manufacture detailed static and structural machined parts for various engine models.
This morning’s news release stresses the investment is key to Pratt & Whitney's strategy to develop cost-effective sourcing capabilities for competitiveness and to optimize operations footprint and asset utilization. Morocco was selected after a global benchmarking exercise due to its growing hub of aerospace companies, cost of business and trained, available talent.
"Morocco offers many benefits for aerospace manufacturing," said Maria Della Posta, president, Pratt & Whitney Canada. "The growing aerospace community in Casablanca ensures a highly valuable talent pool, a positive economic environment, and the support from Morocco's government. Pratt & Whitney Maroc, as an independent affiliate, will create 200 jobs by 2030, and we look forward to joining the business community in Casablanca's MidParc Free Zone."
RTX is the world's largest aerospace and defense company. Says the website, “Our global team of 180,000 employees pushes the limits of known science and redefines how we connect and protect our world. We are advancing aviation, building smarter defense systems and creating innovations to take us deeper into space. Effective July 1, the company will complete its realignment into three customer-focused business units — Collins Aerospace, Raytheon and Pratt & Whitney.”
The company, with 2022 sales of $67 billion, is headquartered in Arlington, Virginia. RTX shares jumped 93 cents, or 1%, to $98.68.
