EAST HARTFORD, Conn. (AP) — Pratt & Whitney’s new president says its investment in energy-efficient, quieter jet engines is paying off with a sizable order backlog.
Paul Adams, who took over as president of the subsidiary of United Technologies Corp. early this year, said at the Connecticut-based company’s annual media day Tuesday that a backlog of more than 5,500 geared turbofan engines is “extremely strong.”
United Technologies spent $1 billion over 20 years to develop the engine that some analysts said was critical to Pratt & Whitney’s success.
Adams also said the outlook for sales of military joint strike fighter jet engines is strong despite pressure on Pentagon spending.
He said revenue is expected to double to about $29 billion in 10 years. That’s in keeping with previous guidance.
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