Rolls-Royce Holdings Plc, the world’s No. 2 commercial jet-engine maker, will pursue geared turbofan technology championed by rival Pratt & Whitney as it seeks to power future Boeing Co. and Airbus Group NV aircraft.
MTU Aero Engines AG cut its sales outlook for this year as delays in the Bombardier Inc. CSeries narrow-body jet defer delivery of some powerplants and airline spending for in-service engines grows more modestly.
Boeing Co. is sparring with suppliers such as United Technologies Corp. as the world’s largest planemaker demands that parts vendors cut prices or risk losing work on new jets such as the 777X and 787 Dreamliner.
Carlyle Group LP, the world’s second- biggest manager of alternative assets such as private-equity funds and real estate, agreed to buy the industrial-packaging business of Illinois Tool Works Inc. for $3.2 billion.