WINDSOR LOCKS, Conn. (AP) — The president of Pratt & Whitney will have a full agenda when he gives his annual view of the jet engine maker's business.
David Hess, president of the subsidiary of United Technologies Corp., is set to meet with reporters Wednesday. He may talk about Pratt & Whitney buying out Rolls-Royce from a joint venture that makes engines for the Airbus A320.
And he may touch on the impending sale of Pratt & Whitney Rocketdyne, a manufacturer of rocket engines and liquid-propulsion systems. United Technologies is selling several businesses to help finance its $16.5 billion purchase of aerospace parts manufacturer Goodrich Corp. in Charlotte, N.C.
United Technologies is banking on improving aerospace business, but airlines are challenged by high fuel costs and a weak economic recovery.
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