EAST HARTFORD, Conn., July 16, 2015
– United Technologies Corp. (NYSE: UTX) and the State of Connecticut have extended a naming rights agreement involving the home field of the University of Connecticut football team. Under the agreement, the stadium will now be known as Pratt & Whitney Stadium at Rentschler Field. Pratt & Whitney is a unit of United Technologies Corp.
Pratt & Whitney President Paul Adams and UConn President Susan Herbst announced the name change during today’s groundbreaking ceremony for Pratt & Whitney’s new 425,000-square-foot global headquarters and engineering building on the company’s East Hartford, Connecticut, campus, within sight of the stadium.
"Pratt & Whitney is proud of its long-standing and successful partnership with the state's flagship university," Adams said. "We consider UConn an ideal partner to ensure we have a strong pipeline of talented professionals to join our ranks in the future.
“There's no better time to rename the stadium than as part of Pratt & Whitney's 90th anniversary celebration, especially as we begin to construct our new headquarters and engineering building that will sit just a few hundred yards from Pratt & Whitney Stadium at Rentschler Field. Through this announcement, Frederick Rentschler's legacy of aviation innovation in East Hartford lives on."
As part of the stadium agreement, UTC will contribute 10 acres of land to the State of Connecticut for additional stadium parking. UTC will also provide an easement for the use of an additional 15 acres adjacent to existing stadium parking, further expanding the parking available to UConn fans. In return, UTC’s stadium naming rights will be extended through 2030.
Herbst welcomed the announcement as the next step in the long-standing partnership between UConn, Pratt & Whitney and UTC, saying: “We are extremely proud that our team will compete in a stadium named for a global company that is both at the leading edge of innovation and committed to supporting the education of the next generation of scientists and engineers.
“Pratt & Whitney and UTC have been strong supporters of UConn for decades. Their support has made us a better university and has helped us better prepare our graduates to succeed in today’s highly competitive marketplace,” Herbst added.
UTC originally received stadium naming rights through 2018 as part of a 2000 agreement to provide the State of Connecticut with 75 acres to build the stadium, which opened in 2003. The land had previously served Pratt & Whitney as part of Rentschler Field airport from 1933 to 1999. With today’s announcement, UTC has now transferred a total of more than 150 acres of the former Rentschler Field airport to the state for the stadium and associated parking.
Pratt & Whitney Stadium at Rentschler Field is scheduled to officially open under its new name on Sept. 3 when the UConn Huskies football team takes on the Villanova Wildcats. The University of Connecticut football team is the primary tenant of Pratt & Whitney Stadium at Rentschler Field. The stadium is owned by the State of Connecticut with the Office of Policy and Management overseeing the operation. Spectra Inc. manages the stadium. Pratt & Whitney
is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. United Technologies Corp., based in Hartford, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit the website at www.utc.com
or follow the company on Twitter: @UTC
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