Pratt & Whitney Advances Sustainable Hybrid-Electric Propulsion Technology

Raytheon Technologies Corp RTX division Pratt & Whitney (P&WC) plans to advance its hybrid-electric propulsion technology and flight demonstrator program as part of a $163M CAD investment, supported by the governments of Canada and Quebec.
The new hybrid-electric propulsion technology drives significant improvements in aircraft efficiency by optimizing performance across the different phases of flight.
P&WC is working with De Havilland Aircraft of Canada Limited to integrate this hybrid-electric technology into a De Havilland Canada Dash 8-100 flight demonstrator.
P&WC to target ground testing in 2022, leading to flight testing of the Dash 8-100 demonstrator in 2024.
As part of Canada's green recovery plan, the Government of Canada's Strategic Innovation Fund is backing the technology demonstrator.
Price action: RTX shares traded higher by 0.14% at $85.03 on the last check Thursday.