Pratt & Whitney closes on buyout of Rolls-Royce’s IAE shares
Pratt & Whitney has closed on its $1.5 billion buyout of Rolls-Royce’s shares in the International Aero Engines (IAE) joint venture that produces V2500 engines for Airbus A320s. The change in IAE’s makeup was announced last year ( ATW Daily News, Oct. 14, 2011 ). Japanese Aero Engines and MTU Aero...
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