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Korea Precision Machinery has signed a contract worth KRW 7,800,390,000 (USD 5.65 million) to supply CNC VTL (vertical turning lathes) to TEI, a Turkish aerospace and defense engine parts manufacturer. The contract runs from August 25, 2026 to July 3, 2027.
The Pratt & Whitney Turkish Engine Center, a joint venture of Pratt & Whitney and Turkish Technic, signed a up to five-year EngineWise service agreement with Turkish Airlines covering its V2500 and CFM56-7B engine overhauls. The announcement was dated 1 November 2017.