Praxair Scores Rolls-Royce Contract

Posted: Updated:
(photo courtesy Praxair) (photo courtesy Praxair)

A 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.

  • Perspectives

    • Want A Guaranteed Negative Return?

      Here we go again! On Wednesday, August 14th, we watched the Dow Jones Industrial Average (DJIA) drop over 800 points.  The previous Monday the Dow ended down over 700 points. But what you may have missed is the sharp downward move in interest rates that has intensified with the recent stock market volatility. What does this mean for your portfolio?



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • Forbes Ranks Top Colleges; 3 Indiana Schools Make the Cut

      Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.

    • ‘Transformation’ Continues in Westfield

      Indiana’s fastest growing city is showing no signs of slowing down.  Mayor Andy Cook says now that Westfield has established itself as a destination for family sports with the Grand Park Sports Campus, the $35 million Grand Junction Plaza will transform the city’s downtown into a destination, a place “where people want to be.”   Cook says the project, more than a decade in the making, is an example of a place making strategy necessary for Midwest...
    • (photo courtesy The Times of Northwest Indiana)

      Hammond Pulls 135 Jobs from Illinois

      A Hammond factory recently vacated by Michigan-based Lear Corp. didn’t sit empty for very long. Midland Metal Products has taken over the former seat factory, having relocated from Chicago after 95 years. 

    • (courtesy Wes Mills)

      Purdue: Farmland Values Decline Fifth Straight Year

      The value of top-quality farmland in Indiana has declined continuing a five-year trend, according to the latest data from Purdue University.  The statewide average of the best cropland is $8,212 per acre, down more than five percent, or $456 per acre, from the same period last year. Purdue’s survey shows average and poor-quality farmland values also dropped, but not as much. Average quality farmland declined by 0.9 percent. Purdue says the poor...

    • (photo courtesy of TriCore Logic)

      Fort Wayne IT Firm Expanding

      TriCore Logic has announced plans to expand its office space and staff at its downtown Fort Wayne headquarters. The company plans to invest over $200,000 in the expansions. The 2010-founded company moved to the Anthony Wayne building in 2013, and now plan to grow their staff of five employees by up to eight over the next four years.