Pratt & Whitney is making what president David Hess characterizes as a “reinvestment” in its commercial engines business. It is in the process of buying out Rolls-Royce’s shares in the International Aero Engines joint venture for $1.5 billion and is well into development and testing of the PW1000 geared turbofan (GTF) family of engines, on which it has already invested $1 billion. By the end of this year, ground or flight-testing will be underway on GTF engines ...

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