Pratt & Whitney’s 2015 operating profit was more than cut in half compared to 2014 as the company took a significant one-time charge and reported a slight revenue decrease, but parent United Technologies Corp. (UTC) reiterated its confidence in Pratt’s geared turbofan (GTF) engine. The East Hartford, Connecticut-based aircraft engine manufacturer, a UTC subsidiary, posted operating income of $861 million in 2015, down from a $2 billion operating profit in 2014. The drop can ...

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