Issue link: https://nebusinessmedia.uberflip.com/i/962388
www.HartfordBusiness.com • April 9, 2018 • Hartford Business Journal 7 has chosen it to exclusively supply engines for its second-generation family of E2s: its 75-passenger, E175- E2; the 95-passenger E190-E2; and the 110-passenger E195-E2. Previously, Embraer was known primarily for its much smaller line of turboprop powered airframes. While its E2s are more spacious and faster than its turboprop lineup, gaining traction with them among airlines and passengers won't be easy. Europe's Airbus, Canada's Bombar- dier, Japan's Mitsubishi Corp., and Russia's Irkut Corp., too, are in the race to supply twin-engine pas- senger planes to the global airline market. Boeing's 737 twin-engine jetliner is the most ubiquitous airframe cur- rently in use worldwide. It's estimated that the global market will need about 5,000 100- to 150-seat jetliners over the next 20 years, equating to the need for 10,000 engines, plus spares and parts, that all combined adds up to billions of dollars. Bombardier and Embraer, along with Pratt, are posi- tioned to benefit from that demand, Webb said. With Pratt's GTF engines power- ing Embraer's E2s, "Pratt & Whitney is in a strong position in this market segment,'' Webb said. And that may just be the start, he said, adding that Pratt is in constant discussions with other airframe builders about incor- porating its GTF powerplants into their aerodesigns. Though GTF engines for Embraer are mostly assembled and tested outside Connecticut, in Mirabel, Canada, many of the engines' highly machined and precision-made components come from hundreds of this state's aeroparts machine shops and suppliers, he said. In addition, Pratt spends or invests more than $500 mil- lion with suppli- ers in Connecti- cut on long-term agreements for assembly tooling and for certifica- tion of production facilities and staff, Webb said. "We're in the process of a long growth plan,'' he said. Quality Construction + Butler Manufacturing = Repeat Customers www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Napoli Retail, Southington, CT | 2016 | 7,300 sq. ft. Napoli Foods Corporate Offices & Refrigerated/Freezer Warehouse/Distribution Center, Cheshire, CT | 2008 | 215,000 sq. ft. Contact us at 860-482-7613 or visit us on the web. able to exclude over 2,200 members of that foreign workforce from its calculation, under SEC rules). Cigna's filing also warned about try- ing to compare it to other companies, writing that different companies might have a "significantly different work force structure," making them "likely not comparable to our CEO pay ratio." Meanwhile, Farmington's United Technologies Corp. had a pay ratio of 235:1, according to its SEC filing. UTC CEO and Chairman Greg Hayes made $17 million in 2017 compensation vs. the company's $72,433 median employee salary. Its calculation included work- ers in a dozen countries, while smaller employ- ee groups in 36 other countries were excluded, according to SEC rules, the company said. Bloomfield aerospace manufacturer Kaman Corp. had one of the smallest ratios. Kaman CEO Neil Keating's $2.7 million compensation package last year amounted to 43 times the median employee pay of $63,104. Lower still on the list was Willi- mantic-based SI Financial, parent of Savings Institute Bank & Trust Co., whose CEO Rheo Brouillard's com- pensation of $963,569 was 28 times higher than the median employee salary of $34,998. Not yet available as of press time were pay ratios from Aetna, Amphe- nol, Avangrid, The Hartford, SS&C Technologies and Travelers. Jim Loree, President and CEO, Stanley Black & Decker David Cordani, President & CEO, Cigna Greg Hayes, CEO and Chairman, United Technologies Corp. "It's a whole new experience. It's quieter because of the geared turbofan engines. Passengers will note the comfort and relative spaciousness.'' Graham Webb , Vice President of Commercial Engine Programs, Pratt & Whitney Data Scientist needed to apply stat/data mining techniques to imprv rating determinations. Seek/Initiate rsrch topics/hypoth to increase innovation for products/methods utilized through data science techniques. Duties: consult w/stakeholders; desgn op fits/gaps; desgn exprmnts to test systm ops; analyze results; write/validate algorithms to find/analyze patterns in hi-dimtnl datasets; form math models to imprv reslts; prpre/prsnt findings/recomnd to mgmnt; specify biz reqrmnts for IT projects planned; monitor perfmnc of stat models used & make fixes/upgrds; train sub engineer/actuarial staff. Position reqs Master's deg in Comp Sci or other quantitative discpln [forgn deg equiv accepted] + 2 yrs exp analyzing indemnity-rltd decision spprt systms & dvlpng indemnifctn biz reqrmnts & testng prgrms using trcbility indexs, predctve modeling & statistcl data analysis for ID of efficncy in systm intgrtn prjcts. Send resume to Attn: HR @ Insurity Inc., 170 Huyshope Av, Hartford, CT 06106 STAY INFORMED WITH FREE BUSINESS ENEWS GO TO WWW.HARTFORDBUSINESS.COM CLICK ON 'SUBSCRIBE' ADVERTISING OPPORTUNITIES AVAILABLE TO FIND OUT MORE CALL JAIME RUDY, SALES DIRECTOR, AT 860-236-9998 X 124 OR JRUDY@HARTFORDBUSINESS.COM