Pratt & Whitney and Rolls-Royce Announce Restructuring of IAE Collaboration and New Partnership; Rolls-Royce Will Sell Equity Shares in IAE to Pratt & Whitney for $1.5B

Pratt & Whitney, a United Technologies Corp. UTX company, and Rolls-Royce, the global power systems company, are pleased to announce a restructure of their participation in IAE International Aero Engines AG (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 program shares in IAE to Pratt & Whitney for $1.5 billion.