Pratt Whitney

THE FACTS need to be stated in response to the June 4 letter from Rick Kennedy, manager of media relations at GE Aviation (“Columnist dismisses the obvious in slap at GE engine’’). The claim of a $3.5 billion cost overrun for the Pratt & Whitney engine program is not true. The scope of the program has grown, and the vast majority of this amount is as a result of changes in the program requested by the Department of Defense customer. We are building an F135 power plant for the world’s most advanced multi-role fighter — the F-35.

EAST HARTFORD, Conn. — Jet engine maker Pratt & Whitney is cutting 300 salaried jobs in the United States, including 200 in Connecticut. The Connecticut-based subsidiary of United Technologies Corp. said the cuts come as it tries to keep staffing in line with business and economic conditions. A company spokesman did not specify which jobs are being cut. Pratt & Whitney president David Hess told reporters on May 2 that the unit's sales are expected to double to $24 billion by the end of the decade.

EAST HARTFORD, Conn. — Jet engine maker Pratt & Whitney is cutting 300 salaried jobs in the United States, including 200 in Connecticut. The Connecticut-based subsidiary of United Technologies Corp. said the cuts come as it tries to keep staffing in line with business and economic conditions. A company spokesman did not specify which jobs are being cut. Pratt & Whitney president David Hess told reporters on May 2 that the unit's sales are expected to double to $24 billion by the end of the decade.

United Technologies' net income from continuing operations rose more than 19 percent during the first quarter even as the company acknowledged some drag from slowing economic growth in the United States, China and Europe. The diversified manufacturer posted earnings from continuing operations of $1.26 billion, or $1.31 per share, if the businesses that it put up for sale are factored out. That compares with those same operations last year of $1.05 billion, or $1.06 per share. That easily topped Wall Street expectations of $1.21 per share, and the company's stock edged higher in...

Hartford-based United Technologies Corp. had the biggest gain in the Dow average. The maker of Pratt & Whitney jet engines is studying the sale of a pump- and compressor-making division to raise cash for the planned purchase of aerospace supplier Goodrich Corp., people with knowledge of the matter said.

Third-quarter operating profit, in millions, and dollar and percentage changes, at subsidiaries of United Technologies Corp. 2011 2010 $ changePercent change Carrier422 380 42 11.1 Hamilton Sundstrand 282 255 27 10.6 Otis 731 678 53 7.8 Pratt & Whitney 535 547 -12 -2.2 Sikorsky 215 163 52 31.9 UTC Fire & Security 194 187 7 3.7 Source: United Technologies Corp.

WASHINGTON — The US House of Representatives risked a potential veto by President Obama yesterday when it approved a $690 billion defense bill that throws a lifeline to a disputed jet fighter engine with parts that would be built at a General Electric plant in Lynn. Obama opposes the GE engine — which would be built as a backup engine for the F-35 joint strike fighter — and has said he will veto the entire bill if some provisions related to the program remain in the legislation.

Fourth-quarter operating profit at United Technologies Corp., by business unit, in millions of dollars. 2011 2010 $ change % change Otis Elevator 711 660 51 up 7.7 percent Carrier 330 210 120 up 57.1 percent Fire-Security 130 236 (106) down 44.9 percent Pratt & Whitney 539 482 57 up 11.8 percent Hamilton Sundstrand 289 238 51 up 21.4 percent Sikorsky 207 239 (32) down 13.4 percent –– Source: United Technologies Corp.

SEATTLE -- Boeing Co. chose General Electric Co. and Rolls-Royce PLC to supply the engines for its planned new 7E7 Dreamliner airplane, striking deals that could be worth billions of dollars to the two companies. The revelation yesterday was a blow to Pratt & Whitney, the number three commercial engine maker, who analysts had said needed the business the most. Richard Aboulafia, an analyst with the Teal Group, had called the contract Pratt's "best chance for a renaissance.

United Technologies Corp., which reports its third-quarter earnings results before the markets open Wednesday, could give investors some insight into the impact of recent developments in the airline and real estate markets. The report comes just weeks after it announced it will buy Goodrich Corp. for $16.4 billion in cash and a week after subsidiary Pratt & Whitney said it will buy out Rolls-Royce from a joint Airbus venture. The Hartford, Conn., conglomerate, which makes jet engines, elevators, airline electrical parts and other aerospace and building systems...

Hartford-based United Technologies Corp. had the biggest gain in the Dow average. The maker of Pratt & Whitney jet engines is studying the sale of a pump- and compressor-making division to raise cash for the planned purchase of aerospace supplier Goodrich Corp., people with knowledge of the matter said.

Fourth-quarter operating profit at United Technologies Corp., by business unit, in millions of dollars. 2011 2010 $ change % change Otis Elevator 711 660 51 up 7.7 percent Carrier 330 210 120 up 57.1 percent Fire-Security 130 236 (106) down 44.9 percent Pratt & Whitney 539 482 57 up 11.8 percent Hamilton Sundstrand 289 238 51 up 21.4 percent Sikorsky 207 239 (32) down 13.4 percent –– Source: United Technologies Corp.

United Technologies Corp. said Wednesday its fourth-quarter profit rose nearly 11 percent, propelled by growth in its aerospace businesses. Total revenue increased 1 percent. The manufacturer of elevators, jet engines, heating and cooling equipment for buildings and other industrial products is banking on growth in commercial aerospace as Congress and the Obama administration plan to slash military spending. A $16.4 billion acquisition of aircraft components maker Goodrich Corp.

General Electric Co. and Rolls Royce Holdings PLC have pulled the plug on a project to develop an alternative engine for the F-35 Joint Strike Fighter, a blow to GE's plant in Lynn. While the bulk of the work on the project was done at GE plants in Ohio and Indiana, some of the engine testing took place in Lynn and could have helped create or preserve 500 jobs at the plant had the program gone into full production. Without the contract, GE spokesman Richard Gorham said, it will be more challenging to maintain employment in Lynn, where the company...

Third-quarter operating profit, in millions, and dollar and percentage changes, at subsidiaries of United Technologies Corp. 2011 2010 $ changePercent change Carrier422 380 42 11.1 Hamilton Sundstrand 282 255 27 10.6 Otis 731 678 53 7.8 Pratt & Whitney 535 547 -12 -2.2 Sikorsky 215 163 52 31.9 UTC Fire & Security 194 187 7 3.7 Source: United Technologies Corp.

United Technologies Corp., which reports its third-quarter earnings results before the markets open Wednesday, could give investors some insight into the impact of recent developments in the airline and real estate markets. The report comes just weeks after it announced it will buy Goodrich Corp. for $16.4 billion in cash and a week after subsidiary Pratt & Whitney said it will buy out Rolls-Royce from a joint Airbus venture. The Hartford, Conn., conglomerate, which makes jet engines, elevators, airline electrical parts and other aerospace and building systems components, also announced...

United Technologies Corp. said Wednesday its fourth-quarter profit rose nearly 11 percent, propelled by growth in its aerospace businesses. Total revenue increased 1 percent. The manufacturer of elevators, jet engines, heating and cooling equipment for buildings and other industrial products is banking on growth in commercial aerospace as Congress and the Obama administration plan to slash military spending. A $16.4 billion acquisition of aircraft components maker Goodrich Corp.

DERRICK Z. Jackson’s column (“Engine failure: House OK of GE backup engine epitomizes irresponsible spending,’’ Op-ed, June 1) dismisses the obvious in his analysis of the GE-Rolls-Royce offer to self-fund the continued development of its engine for the Joint Strike Fighter. The companies have offered to fund the development work through 2012 without a dime of taxpayer money. The House of Representatives has already overwhelmingly supported this offer with good reason. The engine development is already 80 percent complete, and the...

Airbus parent company EADS NV said Friday its first-half earnings fell from a year earlier as the impact of the weakening U.S. dollar offset higher commercial and military jet sales and record orders for its new A320neo fuel-saving jet. EADS says in a statement it made a net profit of euro109 million ($155 million) in the first half compared to euro185 million a year earlier. The earnings included financial charges to account for a drop in the value of the European plane maker's commercial backlog, which fell euro28 billion because of the weakening U.S. currency.