Pratt & Whitney update by president FARNBOROUGH AIR SHOW » JULY 10, 2012 by NEELAM MATHEWS July 10, 2012, 3:00 PM After generating $12.7 billion in revenue in 2011 and having won the first three launch orders for the Airbus A320neo re-engined narrowbody , Pratt & Whitney president David Hess was naturally in an upbeat mood when he faced reporters at the show yesterday. Asked about the move by P&W and MTU earlier this year to purchase Rolls-Royce’s share in the International Aero Engines, he replied, “The acquisition will simplify our global market strategy [to] align with our partners and…optimize deals for the A320.” This week Hess was named as board chairman of IAE . He said Rolls-Royce remains “an important part” of IAE in supporting legacy engines, adding that preparations are under way to switch the production line to focus on the new Pratt & ...
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