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 September 22, 2014

News: U.S., Canadian jets intercept Russian planes -  The U.S. this week intercepted a half dozen Russian planes that got too close to U.S. airspace near Alaska, while Canadian planes intercepted two Russian bombers, NORAD said Sept. 20. Odierno: More troops in Afghanistan may get pink slips - More soldiers could learn while in Afghanistan that they...
 
 

News Briefs September 22, 2014

U.S. general: Arab nations needed in Iraq, Syria The top U.S. military officer says Arab countries need to take a more direct role in the U.S. military mission in Iraq before it can be credible and sustainable. Army Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said Sept. 21 that President Barack Obama...
 
 
boeing-ethiopia

Boeing, Ethiopian Airlines announce order for 20 737 MAX 8s

  Boeing and Ethiopian Airlines Sept. 20 announced an order for 20 737 MAX 8s. The order, previously unidentified on the Boeing Orders & Deliveries website, is worth more than $2.1 billion at list prices and also inclu...
 

 
NASA image

NASA’s newest Mars mission spacecraft enters orbit around red planet

NASA image This animation depicts NASAís Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft orbiting Mars. NASA’s Mars Atmosphere and Volatile Evolution spacecraft successfully entered Mars’ orbit at 10:24 p...
 
 
nasa-mars-website

NASA launches new citizen science website

Opens challenge to participate in future Mars missions NASA announced Sept. 20 the opening of registration for its Mars Balance Mass Challenge and the launch of its new website, NASA Solve, at the World Maker Faire in New York....
 
 
airbus-collaboration

Airbus Group, Aerion announce technology collaboration

Airbus Group and Aerion Corporation have agreed to collaborate on technologies associated with the future of high-performance flight. To further their mutual objectives, both companies will exchange knowledge and capabilities i...
 




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>