This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Rolls-Royce and Pratt & Whitney announce new partnership and IAE collaboration is restructured

13 October 2011

Rolls-Royce and Pratt & Whitney have formed a new partnership to power future mid-size aircraft. The two companies will establish a joint venture company, in which each will hold an equal share, to develop new engines for the next generation of aircraft that will replace the existing mid-size fleet. This new joint venture will focus on high bypass ratio geared turbofan technology, and future studies for next generation propulsion systems.

The IAE V2500, of which Rolls-Royce is a major partner powers the Airbus A320
The IAE V2500, of which Rolls-Royce is a major partner powers the Airbus A320

As well as establishing the new partnership, Rolls-Royce and Pratt & Whitney will restructure their participation in IAE, which produces the V2500 engine for the A320 family of aircraft. Under the terms of the agreement Rolls-Royce will sell its equity and programme shares in IAE to Pratt & Whitney for $1.5 billion and in addition receive an agreed payment for each hour flown by the current installed fleet of V2500-powered aircraft for fifteen years from completion of the transaction.

Under the continuing leadership of Pratt & Whitney, JAEC, and MTU, IAE will continue to deliver product and customer support without interruption. Rolls-Royce remains committed to IAE and its customers and will continue to be responsible for the manufacture of high-pressure compressors, fan blades and discs as well as the provision of engineering support and final assembly of 50 per cent of V2500 engines.

Contact Details and Archive...

Print this page | E-mail this page