Pratt builds engines for Airbus’s best-selling A320neo series but its new geared turbofan technology, which cost $10 billion to develop, has been beset by manufacturing hurdles, delivery delays and technical glitches .
United Technologies plans to hold calls Tuesday and Wednesday with customers to discuss the merits of the Deal, Chief Executive Officer Greg Hayes said in a phone interview.
The planemakers hold contractual clauses that give them broad authority over parts production, essentially making each customer “a gatekeeper for potential structural changes in the supplier base,” he said.
Airbus CEO Tom Enders said in July that the revamped A320neo narrow-body workhorse is a major concern, with the company hitching its earnings goals to Pratt meeting delivery targets and providing a reliable fix for the powerplant.
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