Business

June 29, 2012

Pratt & Whitney, Rolls-Royce close on deal for program share in IAE

Pratt & Whitney, a United Technologies Corp. company, closed June 29 on its agreement to purchase Rolls-Royce’s program share in IAE International Aero Engines.

More information about the closing will be announced by IAE at the Farnborough Air Show on July 9.

“This strategic deal strengthens the presence of Pratt & Whitney and the IAE shareholders now and well into the future,” Pratt & Whitney President David Hess said. “Rolls-Royce will continue to support IAE as a strategic supplier for the V2500 engine and continue to perform its key responsibilities for IAE, including the manufacture of parts and engines.”

IAE is a multinational aero engine consortium whose shareholders now consist of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines GmbH. To date, over 5,000 V2500 engines have been delivered and nearly 2,000 more engines are on order with close to 200 customers around the world.

As well as restructuring participation in IAE, on Oct. 12, 2011, Pratt & Whitney and Rolls-Royce also announced the formation of a new collaboration to power future mid-size aircraft, which is subject to separate regulatory approvals. IAE partners JAEC and MTU have also agreed to join this new venture. This collaboration will draw on the most advanced technology from these world-class companies to drive enhanced performance for this fast growing segment in which worldwide demand for around 20,000 new aircraft (or nearly 45,000 engines) is predicted over the next twenty years.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines August 18, 2014

News: U.S. mission in Iraq could expand, Pentagon official says - The mission for U.S. troops in Iraq to help Kurdish and Iraqi security forces in their fight against Islamic militants remains limited for now, but may expand after Iraqi leaders form a new government, a Pentagon spokesman said Aug. 19.   Business: Fuel deals top...
 
 

News Briefs August 20, 2014

Trials complete on fourth Coast Guard cutter Ingalls Shipbuilding in Pascagoula, Miss., has completed acceptance sea trials for the company’s fourth U.S. Coast Guard national security cutter, Hamilton. Jim French, Ingalls’ NSC program manager, tells The Mississippi Press) the Hamilton is scheduled to be delivered next month and commissioned on Dec. 6 in Charleston, South...
 
 
Army photograph by Sgt. Thomas Duval

Air Force, Army Aviation come together to complete vital mission in Egypt

Army photograph by Sgt. Thomas Duval Soldiers and airmen load a UH-60 Black Hawk into an Air Force C17 Globemaster III Aug. 19, 2104, at an old Israeli airstrip in the Sinai Peninsula of Egypt. The airstrip is now used by the M...
 

 
Air Force photograph by TSgt. Terri Praden

Joint effort validates ability to move Stryker vehicles via air

Air Force photograph by TSgt. Terri Praden An Army Stryker combat vehicle is guided into a C-17 Globemaster III during a 25th Infantry Division training exercise Aug. 13, 2014, at Joint Base Pearl Harbor-Hickam, Hawaii. The Str...
 
 
NASA image

Ozone-depleting compound persists, NASA research shows

NASA image Satellites observed the largest ozone hole over Antarctica in 2006. Purple and blue represent areas of low ozone concentrations in the atmosphere; yellow and red are areas of higher concentrations. NASA research show...
 
 

F-16V completes major capability milestone

The newest configuration of the F-16 Fighting Falcon, the F-16V, has reached a major capability milestone with the integration of a new Active Electronically Scanned Array radar. Completing this milestone on schedule demonstrates our ability to meet program commitments, said Roderick McLean, vice president and general manager of the F-16/F-22 Integrated Fighter Group at Lockheed...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>