Willis Lease Strikes Deal With Pratt & Whitney For Up To 15 New Engine Purchases In FY24; Transaction Valued At $363.9M
Portfolio Pulse from Benzinga Newsdesk
Willis Lease Finance Corporation (WLFC) has entered into an agreement with Pratt & Whitney, a division of RTX Corporation, to purchase up to 15 new engines in FY24. The transaction is valued at $363.9 million.
June 25, 2024 | 1:35 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Pratt & Whitney, a division of RTX Corporation, has entered into a $363.9 million deal with Willis Lease Finance Corporation for the purchase of up to 15 new engines in FY24. This deal is expected to contribute positively to RTX's revenue.
The transaction will likely boost RTX's revenue through the sale of new engines. The deal's high value underscores its significance for RTX's financial performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Willis Lease Finance Corporation has secured a significant deal with Pratt & Whitney for up to 15 new engines, valued at $363.9 million. This deal is likely to enhance WLFC's service offerings and revenue potential in FY24.
The deal represents a substantial investment in new engines, which will likely enhance WLFC's service capabilities and revenue streams. The high value of the transaction indicates a strong commitment to growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100