Pratt’s $10 Billion Jet Engine Lags GE by 10-to-1 on New Orders
- United Technologies unit trails 10-to-1 in orders for A320neo
- Company has chance for comeback with 1,500 planes up for grabs
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Pratt & Whitney’s $10 billion bet on a new jet engine is faltering after a troubled rollout, and buyers are rushing to a General Electric Co. model instead.
The GE turbine has won 10 times as many orders this year to power a narrow-body Airbus SE plane on which the two suppliers compete head to head. Pratt has signed just one buyer in that span to supply its geared turbofan engine for the aircraft, according to data provided to Bloomberg by Flight Ascend Consultancy.