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Wednesday, May 2, 2012 4:15 PM UTC

Pratt & Whitney boss sees long-term strength

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Topics: From the Wires,

WINDSOR LOCKS, Conn. (AP) — The president of Pratt & Whitney expects that the military and commercial aerospace business will improve, but not for a while.

David Hess, president of the subsidiary of United Technologies Corp., told reporters at the company’s annual media day Wednesday that the outlook is “pretty strong” toward the end of the decade. But he said Pratt & Whitney must navigate a few transitional years.

High fuel costs and the weak economic recovery are pressuring airlines. But Hess said Pratt & Whitney’s purchase of Rolls-Royce from a joint venture that makes engines for the Airbus A320 will boost engine deliveries by 2018.

On the military side, he said Pratt & Whitney’s engine for the F-35 joint strike fighter will generate revenue long-term, even amid Pentagon budget cuts.

More Stephen Singer.

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