International Aero Engines News
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United Technologies Corp. reported first-quarter earnings that topped analysts’ estimates as sales of aerospace equipment surged after the acquisition of Goodrich Corp.
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Rolls-Royce Holdings Plc said it will receive 293 million euros ($382 million) in cash from the sale of half of a military helicopter-engine joint venture to partner Safran SA as it cleans up its holdings.
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MTU Aero Engines Holding AG, Germany’s largest aircraft-engine maker, said operating profit beat its goals last year amid a jump in deliveries by plane producers, and the company forecast more growth in 2013.
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Airbus SAS has handed over the last A318 plane left in its backlog to a corporate VIP customer, leaving its smallest and least successful model without remaining orders for the first time in 10 years of production.
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Pratt & Whitney will pay $1.5 billion to buy out Rolls-Royce Group Plc’s share of one aircraft-engine venture while the companies form a separate partnership to power midsize jets.
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United Technologies Corp. posted higher third-quarter profit than analysts estimated after boosting aerospace sales by purchasing Goodrich Corp. and a controlling stake in the International Aero Engines venture.
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Rolls-Royce Holdings Plc, the world’s second-largest maker of commercial aircraft engines, predicted rising profit for this year, extending its streak of annual gains into a second decade as airliner demand booms.
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Patent protection for stem-cell research methods that involve cells from human embryos breaches European Union law, an adviser to the region’s highest court said in a non-binding opinion yesterday.
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United Technologies Corp. ’s Pratt & Whitney unit accused jet-engine maker Rolls-Royce Group Plc of unfairly using patent litigation to keep it from re-entering the biggest segment of the commercial-airline market.
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MTU Aero Engines Holding AG, the German company helping develop engines for China’s planned C919 airliner, raised full-year earnings and sales forecasts after beating analysts’ first-half revenue estimates.
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