Hartford Business Journal

April 20, 2015

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4 Hartford Business Journal • April 20, 2015 www.HartfordBusiness.com w w w. H a r t f o r d B u s i n e s s . c o m (860) 236-9998 E D I T O R I A L Greg Bordonaro Editor, ext. 139 gbordonaro@HartfordBusiness.com Brad Kane Managing Editor, ext. 127 bkane@HartfordBusiness.com Gregory Seay News Editor, ext. 144 gseay@HartfordBusiness.com Matt Pilon Digital Producer/Reporter, ext. 143 mpilon@HartfordBusiness.com John Stearns Staff Writer, ext. 145 jstearns@HartfordBusiness.com Roger Magnus Research Director Heide Martin Research Assistant B U S I N E S S Joe Zwiebel President and Publisher, ext. 132 jzwiebel@HartfordBusiness.com Donna Collins Associate Publisher, ext. 121 dcollins@HartfordBusiness.com Jessica Baker Office Manager, ext. 122 jbaker@HartfordBusiness.com Catherine Gruszka Operations Manager, ext. 137 cgruszka@HartfordBusiness.com Stephanie Kucharski Custom Publishing Projects Manager, ext. 129 skucharski@HartfordBusiness.com Amy Orsini Events Manager, ext. 134 aorsini@HartfordBusiness.com David Hartley Sr. Accounts Manager, ext. 130 dhartley@HartfordBusiness.com William C. 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Advertising: For advertising information, please call (860) 236-9998. Please address all correspondence to: Hartford Business Journal, 15 Lewis Street, Suite 200, Hart ford CT 06103. News Department: If you have a news item: Call us at (860) 236-9998, fax us at (860) 570-2493, or e-mail us at editorial@HartfordBusiness.com Hartford Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Hartford Business Journal (ISSN 1083-5245) is published weekly, 53 x per year including three special issues — one in September, one in November and one in December — by New England Business Media LLC, 15 Lewis Street, Suite 200, Hartford CT 06103. Periodicals postage paid at Hartford, CT. Tel: (860) 236-9998 • Fax (860) 570-2493 Copyright 2015. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O. Box 330, Congers, NY 10920-9894 www.copyright.com wanted to have some of the production per- formed on its soil by Italian workers, Sylves- tro said. So, Pratt opened a facility in Italy. "They want to have some ability to control their destiny," Sylvestro said. "Foreign gov- ernments want to be able to do maintenance on their engines." New service model Military engines make up a quarter of Pratt's $57 billion engine backlog; the rest is tied up in commercial engines. A key driver of Pratt's business will be the PurePower family of engines, a more fuel-efficient, quieter pro- pulsion system for airplane designs ranging from the Airbus A320neo narrowbody to the Gulfstream G500 and G600 business jets. Pratt has 6,300 PurePower engines on back- log and expects the engine family to make up two-thirds of the company's installed commer- cial engine base by 2030, Adams said. "Only 17 percent of the world's population has been on an airplane at this point in time, so there is tremendous upside," Adams said. This will mark the first time Gulfstream uses a non-Rolls-Royce produced engine for its business jets. Pratt expects its market share in the business jet segment to grow to 50 percent in the coming years, Adams said. To maximize the impact of the PurePower ramp up and all its other engine sales, Pratt is changing its aftermarket service model from one of repair and maintenance to fleet man- agement, Adams said. Fleet management includes long-term agreements to supply, service, and improve the products Pratt sells. Rather than selling a customer an engine and performing extra repairs when needed, Pratt will monitor engines and maximize their performance over the life of the product. "It really aligns our objectives to our customers' objectives much more closely," Adams said. Fleet management includes three methods to drive profitability for Pratt, Adams said. The first priority is to increase an engine's time on the aircraft's wing, using Pratt's unique knowledge of the product to diagnose issues before they become problems. Second will be to perform more on-wing maintenance when problems do arise, Adams said. Third is to broaden workscope when an engine must be taken off wing for service to minimize future problems. This new service model applies for military and commercial engines, although the armed services are prepared to do a lot of their own maintenance. Still, as the F135 program grows and deploys aircraft around the world, Pratt is setting up service and manufacturing centers in nearby locations to provide parts and main- tenance when needed, Sylvesto said." n Pratt ENERGY EFFICIENCY MEANS BUSINESS. Energize Connecticut — Programs are funded by a charge on customer energy bills. Get up to speed on the latest Energize Connecticut efficiency solutions for businesses. As a facilities manager, you know your property owner doesn't look to you to just manage their building. They rely on you to help them make smart decisions that make the most of their budgets. Making energy efficiency a priority will help you maximize energy cost savings, building performance, comfort and indoor air quality. Whether you're managing a large-scale office complex or running a small neighborhood coffee shop, Energize Connecticut and Eversource can get you up to speed on the latest efficiency solutions and incentives. Energize Connecticut wants to help you make smart energy choices. We can guide you to the incentive and rebate solutions that fit your projects and can offset your equipment costs. From upgrading existing equipment to building and outfitting brand-new state-of-the-art facilities, energy-saving solutions not only save you money up front, they also boost your bottom line by reducing operating costs for years to come. Contractors—Learn about the latest energy-efficient technologies and building practices to help your clients make the most of their budgets. Find the latest energy efficiency solutions by calling 877-WISE-USE or visiting EnergizeCT.com/businesses PUBLICATION Jr Page LIVE – TRIM 7.4375 x 9.625 BLEED – TBD 23977-15_ECT-320732 CT Green Guide Ad V2ƒ.indd 1 4/13/15 7:30 PM

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