August 13, 1999 |
Pratt & Whitney, a unit of United Technologies Corp., said it will cut at least 1,500 jobs, or 5% of its work force, and move its military jet engine business from Florida to its East Hartford, Conn., home base in a broad restructuring to be completed by the end of 2000. In addition, the Sikorsky helicopter unit of United Technologies said it will move its S-76 helicopter operation from West Palm Beach, Fla., to an undecided location as part of a restructuring.
April 10, 1999 |
An investigation into a rash of crashes at the nation's largest F-16 base has led to the discovery of engine cracks in 17 of the jet fighters, the Air Force said Friday. Cracks up to an inch long were found in the jets' Pratt & Whitney 220 engines, Luke Air Force Base spokeswoman Mary Jo May said. About 75% of the jets have been inspected so far at Luke, which has 190 of the nation's roughly 400 F-16s. "If we find cracks, those engines will not be flown anymore.
October 10, 1998 |
Aircraft engine maker Pratt & Whitney said it will cut about 2,000 jobs, or 6% of its global work force, by mid-2000 in a bid to boost profit and absorb a decline in production. The unit of Hartford, Conn.-based United Technologies Corp. said 1,000 of the cuts will be made in Connecticut, where it employs 13,000 people, and the other 1,000 will be made in Florida, where it employs about 5,000.
January 8, 1998 |
International Lease Finance Corp., a Los Angeles-based aircraft leasing company, has ordered new engines worth $1.74 billion from General Electric Co., Pratt & Whitney and two international joint ventures. ILFC placed a $500-million order with CFM International, a 50-50 joint company between Snecma of France and General Electric Finance Corp., for about 90 CFM56 engines, a GE spokesman said. The engines are for 10 Airbus Industrie aircraft and 31 Boeing next-generation 737s.
May 9, 1996 |
GE, Pratt & Whitney to Work on New Engine: The vigorous rivals in the aircraft engine business would not say how much money they will contribute to develop the engine for Boeing Co.'s proposed 747-500X/600X jetliner. Typically, it costs $1 billion to $1.5 billion to design and produce an engine, as opposed to modifying an existing one. The 50-50 venture will allow General Electric Corp. unit GE Aircraft Engines and Pratt & Whitney, the East Hartford, Conn.-based unit of United Technologies Corp.
February 13, 1996 |
U.S. jet engine maker Pratt & Whitney on Monday launched a $22-million joint venture with a Chinese firm to produce parts for commercial engines. The founding of Chengdu Aerotech Manufacturing Co. marks the first time a foreign firm has taken a controlling interest in a venture involving China's strategic aviation industry, executives said. Pratt & Whitney, a Hartford, Conn.-based unit of United Technologies Corp., holds 52% of the equity and Chengdu Engine Co.