Rolls-Royce (R-R) and United Technologies Corp. (UTC) have scrapped their plan to form a joint venture to produce a mid-size commercial jet engine. The plan was developed in October 2011, in the wake of R-R’s decision to sell its share in International Aero Engines (IAE) to UTC’s Pratt & Whitney (P&W) unit. At the time, P&W wanted to increase its stake in IAE to help increase sales of its PW1100G geared turbofan on the Airbus A320NEO. IAE produces the V2500 engine, which ...
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