Gearing up for a fight
According to the Economist, the business of propelling large passenger jets is at maximum thrust – so much so, that some reckon engine-makers’ revenues could total $1 trillion over the next 20 years. This is precisely why Pratt & Whitney is gearing up for a fight, in hoping a new high-tech engine will restore its former dominance. While Pratt & Whitney used to tower over the market for such engines, these days it is third-placed in a business dominated by GE and Rolls-Royce. Will they be successful in their efforts to claw its way back to the top with its new generation of jet engine, the “geared turbofan”?
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