Pratt & Whitney Issues Statement on Joint Venture
EAST HARTFORD, Conn., Sept. 19, 2013
EAST HARTFORD, Conn., Sept. 19, 2013 /PRNewswire/ -- Pratt & Whitney, a unit
of United Technologies Corp. (NYSE: UTX), today issued the following
"In October 2011, Rolls-Royce and United Technologies Corp. (UTC) announced
their intention to form a new joint venture to develop an engine to power
future mid-size aircraft (120-230 passenger aircraft). Following further
discussion and because of the current regulatory environment, the parties have
agreed not to proceed with the partnership. Pratt & Whitney remains fully
committed to this important market segment and will continue independently to
invest in and develop applications of its geared turbofan engine to power the
next generation of midsized aircraft."
Pratt & Whitney is a world leader in the design, manufacture and service of
aircraft engines, auxiliary and ground power units and small turbojet
propulsion products. United Technologies Corp., based in Hartford,
Connecticut, is a diversified company providing high technology products and
services to the building and aerospace industries. To learn more about UTC,
visit the website or follow the company on Twitter: @UTC.
Sara Banda Leo Makowski
+ 1 860-565-4031 + 1 860-565-1655
SOURCE Pratt & Whitney
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