Spirit Air Sues Rolls-Royce, Pratt & Whitney Over Explosion

| October 18, 2016

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Oct 25 United Technologies said earnings at its Pratt & Whitney engine division are likely to be flat next year as it absorbs $300 million in costs from negative profit margins and $100 million in pension expenses. "It's hard to see how Pratt's going to grow earnings," next year Chief Executive Officer Greg Hayes said on a conference call with analysts. But he noted that "there will be real growth in other parts of the business to offset that." (Reporting by Alwyn Scott; Editing by Chizu Nomiyama)

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