Word: pratt
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...duel was as fierce as an aerial battle. On one side was United Technologies' Pratt & Whitney unit, long the sole source of jet engines for the F-15 and F16, the Air Force's two top fighters. On the other was General Electric, which has been struggling to win some of that lucrative business. At issue was one of the biggest defense prizes ever: a long-term contract to build more than 2,000 engines for the F-15 and F16. The award could ultimately be worth $17 billion over the 20-year life of the engines. Following...
General Electric. For at least the first year, said the Pentagon, General Electric would fly off with 75% of the contract, while Pratt & Whitney would have to settle for the remaining 25%. During that initial year, GE will build 120 engines, and Pratt & Whitney will construct 40. The Pentagon said it was particularly impressed with GE's warranty and its plan to let other firms bid to supply spare parts. Air Force Secretary Verne Orr called the warranty issue a key element of the competition. On Wall Street, investors correctly anticipated the Air Force action. General Electric stock closed...
...decision was a painful blow for Pratt & Whitney, which had been working furiously to upgrade its engine since the Air Force invited competitive bidding and thereby set off what became known as the "Great Fighter Engine...
...Pratt & Whitney's product, the F100, had tended to stall when it was first placed on F-15 and F-16 fighter aircraft in the 1970s; the engine is considered responsible for about one-third of the 35 F-16s that have been lost in crashes...
...Book of Snobs, with its indispensable advice: "A tiara is never worn in a hotel, only at parties arranged in private houses or when royal ladies are present." They think longingly of the right public school, the right regiment, the right club (Whites, if possible, or Boodles, or Pratt's, if you must). They dread the fatal slip, the moment when they might, for example, eat asparagus with knife and fork: Use your fingers, idiot...