Praxair Scores Rolls-Royce Contract
(photo courtesy Praxair)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA subsidiary of Connecticut-based Praxair Inc. (NYSE: PX) has landed a contract from Rolls-Royce in Indianapolis for work related to jet engine components. Work on the 10-year contract for Praxair Surface Technologies will begin in the middle of the year.
Financial terms of the contract were not disclosed. The contract calls for PST to apply its Tribomet abrasive coatings to rotating components of jet engines used in wide-body aircraft. Rolls-Royce says the coatings help prevent frictional heating, increase fuel efficiency and extend the life of the components.
The work will be performed at PST’s operations in Indianapolis and England.
"It is a great testament to the sophistication of Indiana’s aerospace supply chain when a global engine manufacturer like Rolls-Royce chooses to invest in a technology developed locally," said Ryan Metzing, director of the Conexus Indiana Aerospace & Defense Council. "With both of these companies serving on our statewide council, we look forward to learning from this partnership and creating more of these opportunities throughout our supply chain."
The contract for PST is the latest in the company’s growth in Indianapolis. In December, the Metropolitan Development Commission approved tax incentives related to a $1.8 million investment into a new production line that would retain 495 jobs and add 14 more.