United Technologies Corp. vaulted back into the most lucrative market for airline engines for the first time in three decades with Airbus SAS’s decision to offer a Pratt & Whitney power plant on an upgraded A320 jet.
“It’s a huge opportunity for us, certainly for commercial engine business for Pratt,” David Hess, Pratt & Whitney’s president, said in an interview today. “If you look at Airbus’s estimate of roughly 4,000 airplanes over the next 15 years times two engines each, that’s a lot of airplanes.”
Pratt & Whitney’s geared-turbofan engine is one of two new options on what Toulouse, France-based Airbus dubbed the A320 NEO. It vies with the Leap-X from CFM International, a joint venture of General Electric Co. and Safran SA. Airplane purchasers may also select existing A320 power plants.
Hess said he wants to win more than half of planned production for Airbus’s NEO. Pratt will......
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