The City Council of Wichita Falls, TX has approved an incentives package for a proposed expansion by Pratt & Whitney Canada at its component repairs facility in Wichita Falls.
Supported by the City of Wichita and the Wichita Falls Economic Development Corporation, P&WC plans to invest $3 million for purchasing state-of-the-art equipment that will enable it to increase capacity of product lines used for hot component repairs.
Longueuil, Quebec, Canada-based Pratt & Whitney Canada is a United Technologies Company, and a leading global presence in the design, manufacture and service of aircraft engines for business and general aviation aircraft and helicopters. They also make and repair industrial gas turbines and auxiliary power units.
The Wichita Falls facility, which first opened in 1983, has been under P&WC’s ownership since 1997. It provides restoration for super-alloy components, and also section replacements and coating for gas turbine components.
The new $3 million investment is supposed to bring game-changing technology to this facility that will allow for increased production while reducing the facility’s environmental footprint.
John Di Bert, vice president for Customer Service, P&WC, said in a release that this investment will make the facility a Center of Excellence for repair of hot-section, non-rotating aircraft engine components in North America.
The company is also working on a partnership with Midwestern State University’s McCoy School of Engineering to make use of senior design project students and offer internships.
As part of the agreement with the City and the Wichita Falls Economic Development Corporation, P&WC will receive a $1.8 million interest-free forgivable loan, subject to the company fulfilling its commitments for the expansion.
The agreement also positions the P&WC Wichita Falls facility for future growth with the possibility of more new product lines for after-market hot component repairs.
Wichita Falls Mayor Glenn Barham said in the release that the City of Wichita Falls is committed to supporting local companies like Pratt & Whitney. Mayor Barham noted that in order for companies to remain competitive, they must keep up with the latest technology. The Mayor added that this investment will ensure the P&WC facility maintains its value in a global economy.
Wichita Falls Chamber of Commerce and Industry CEO Henry Florsheim said in the release that this project is a perfect example of the type of partnerships they hope to develop through their existing business retention and expansion program. Florsheim added that facilitating expansions of existing employers is one of the most important things they can do.