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News updates from December 15: Rudy Giuliani ordered to pay $148mn to 2020 election workers, Israel mistakenly kills three hostages in Gaza
RTX appoints former Pratt & Whitney head as chief executive
...US aerospace and defence group RTX has appointed the former head of its Pratt & Whitney business as its new chief executive, as it continues to navigate the recall of aircraft engines made by the unit....
December 14, 2023
News updates from December 14: BoE and ECB hold rates steady, ECB’s Lagarde pushes back against rate cuts expectations
RTX appoints former Pratt & Whitney head as its new chief executive
...US aerospace and defence group RTX has appointed the former head of its Pratt & Whitney business as its new chief executive, as it continues to navigate the recall of aircraft engines made by the unit....
December 14, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
Live news updates from August 18: Big Tech shares fall, SoftBank buys full control of Arm
Pratt & Whitney engine flaws could cost global airlines almost $430mn
...Pratt & Whitney parent RTX Corp, formerly Raytheon Technologies, said last month it discovered contaminants in the metal used to manufacture some engine parts, and airlines have been rushing to avoid cancellations...
August 18, 2023
Rolls-Royce Holdings PLC
Investors cheer sharp shift in fortunes at Rolls-Royce
...The company left that segment more than a decade ago when it pulled out of a joint venture with Pratt & Whitney of the US....
January 1, 2024
LexJonathan Guthrie
The Lex Newsletter: get me anywhere else yesterday Premium content
...Airlines should consider curtailing capacity beyond anything Pratt & Whitney engine recalls have coincidentally required....
September 15, 2023
Aircraft manufacturing
Plane makers tout efficiency tech as aviation plots flight path to net zero
...Both plane makers are evaluating new engine designs from the main suppliers, which include Rolls-Royce, Pratt & Whitney and CFM International, the joint venture between France’s Safran and America’s GE Aerospace...
June 24, 2023
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
Due Diligence
SoftBank’s go-to banker makes it Raine Premium content
...And while Looney’s departure could “reignite” speculation over BP as a potential takeover target, as Jefferies’ Giacomo Romeo suggested, the company is in desperate need of someone who can put up a united...
September 14, 2023
LexAerospace & Defence
Raytheon: rocket science easier than financial clarity Premium content
...Growth at Raytheon in 2022 was a solid 6 per cent, much of it driven by double-digit gains at its aerospace units Collins and Pratt & Whitney....
January 24, 2023
InterviewAerospace & Defence
Raytheon chief says Ukraine war will change west’s weapon-buying priorities
...The combined group, which includes Raytheon’s defence and missile businesses, engine maker Pratt & Whitney and Collins Aerospace, had identified “more than $10bn of revenue opportunities” from sharing technologies...
July 21, 2022
InterviewRolls-Royce Holdings PLC
Rolls-Royce must become a ‘profitable icon’, says chair Anita Frew
...The company left the market nearly a decade ago when it pulled out of a joint venture with Pratt & Whitney of the US....
May 30, 2022
InterviewLunch with the FT
Michael Gove: ‘This is not a time for gambling’
...Like Cummings, Gove is hopeful that Brexit Britain can respond to emerging technologies and threats more adeptly and rapidly....
October 7, 2022
Aviation accidents and safety
FAA orders Pratt & Whitney engines be inspected for cracks
...US aviation regulators have ordered airlines to inspect certain Pratt & Whitney engines on Boeing jets for invisible cracks on the fan blades before the planes are flown again....
February 24, 2021
CFM International Inc
GE and Safran explore plans for lower emissions jet engine
...A big part of this challenge will fall to the engine makers, notably CFM, Britain’s Rolls-Royce and Pratt & Whitney, part of Raytheon, all of whom are developing or exploring different technologies to decrease...
June 14, 2021
Chinese business & finance
China’s commercial jet ambitions shaken as US blacklists Comac
...A regional spokeswoman for Pratt & Whitney referred questions about the impact of the US defence department’s move to parent company Raytheon Technologies....
January 27, 2021
Hydrogen — Fantasy or fuel of the future?
Hydrogen-powered planes: pie in the sky?
...“Somewhere there is likely to be a role for hydrogen and we will be ready,” said Michael Winter, senior fellow for advanced technology at US aero-engine group Pratt & Whitney....
March 15, 2021
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
The Big Read
‘The rich shouldn’t feel like the enemy’: Is New York turning on the wealthy?
...They are pushing for such items as hazard pay for frontline workers, streamlined unemployment payments, a “living wage” for delivery workers, a city public health corps and free public transit, among many...
April 6, 2021
Delta
Delta results boosted by US strength and business flyers
...At the same time it inked a deal with engine-maker Pratt & Whitney allowing Delta TechOps, the airline’s mechanic corps, to repair Pratt & Whitney engines, on their own planes and others....
January 14, 2020
InterGlobe Aviation Ltd
IndiGo signs $20bn jet engine deal with CFM
...CFM International, a joint venture between General Electric of the US and Safran of France, won the order even though IndiGo has an existing relationship with Pratt & Whitney, owned by United Technologies...
June 17, 2019
Equities
Markets Now - Thursday 16th July 2020
...Today, its primary peers – GE, Safran and Pratt & Whitney (part of Raytheon Technologies) – still enjoy much stronger balance sheets and are more diversified....
July 16, 2020
Raytheon Technologies
Raytheon ‘not just seeking size’ with UTC deal
...group Pratt & Whitney....
June 23, 2019
News in-depthUnited Technologies Corp
United Technologies-Raytheon deal creates aerospace powerhouse
...United Technologies Corp and Raytheon on Sunday agreed to an all-share merger that will create a new aerospace and defence giant and challenge the industry’s longstanding pecking order....
June 9, 2019
Aerospace & Defence
US approves $6.5bn fighter jet sale to Poland
...The US state department said on Wednesday that it had formally notified Congress of the proposed sale of the 32 Lockheed F-35 fighter jets, as well as 33 Pratt & Whitney F135 engines....
September 11, 2019
News in-depthUnited Technologies Corp
Big is beautiful for UTC and Raytheon in mega deal
...aero-engine group Pratt & Whitney....
June 11, 2019
United Technologies Corp
United Technologies projects stronger sales, profit in 2019
...United Technologies will be comprised of Pratt & Whitney jet engines and the Rockwell Collins business it acquired in November for $23bn....
January 23, 2019
United Technologies Corp
United Technologies embarks on lengthy, costly break-up
...United Technologies, the American industrial giant behind Otis elevators, Pratt & Whitney aero engines and Carrier air conditioners, received a disappointed reaction to its plan to split into three companies...
November 27, 2018

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