facebook
twitter
rss
account
search
search
 

Pratt & Whitney, Rolls-Royce cancel partnership plan

Sept. 19, 2013 at 3:22 PM   |   Comments

EAST HARTFORD, Conn., Sept. 19 (UPI) -- A proposed joint venture between engine-makers Rolls-Royce and Pratt & Whitney (a United Technologies Corp. company) has fallen by the wayside.

The companies last year announced plans to jointly develop an engine to power midsized commercial passenger aircraft but on Thursday issued separate statements saying the deal was off.

"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)," Pratt & Whitney said. "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 mid-sized aircraft."

Rolls-Royce, which stated the same reason for ending the planned partnership, also reiterated its continued commitment to the market segment and its intention to invest in technologies for it.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
3
Pizza Hut hoping the "Skinny Slice" will mean big bucks
4
Anheuser-Busch not satisfied with the way NFL has handled recent incidents Anheuser-Busch not satisfied with the way NFL has handled recent incidents
5
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
Trending News
Video
x
Feedback