Pratt & Whitney
 |
|
| Subsidiary | |
| Industry |
Aerospace Electricity generation |
| Founded | 1925 |
| Headquarters | East Hartford, Connecticut, United States |
|
Area served
|
Worldwide |
|
Key people
|
Robert Leduc (President) |
| Products |
Aircraft engines Gas turbines |
| Revenue | US$14 billion (2015) |
| US$1.9 billion (2013) | |
| Parent | United Technologies |
| Divisions | Pratt & Whitney Canada |
| Website | www |
Pratt & Whitney is an American aerospace manufacturer with global service operations. It is a subsidiary of United Technologies (UTC). Pratt & Whitney's aircraft engines are widely used in both civil aviation (especially airlines) and military aviation. Its headquarters are in East Hartford, Connecticut. As one of the "big three" aero-engine manufacturers, it competes with General Electric and Rolls-Royce, although it has also formed joint ventures with both of these companies. In addition to aircraft engines, Pratt & Whitney manufactures gas turbines for industrial and power generation, and marine turbines. As of 2014, the company reported having 31,500 employees supporting more than 11,000 customers in 180 countries around the world. In 2013, Pratt & Whitney's revenue totaled $14.5 billion.
In April 1925, Frederick Rentschler, an Ohio native and former executive at Wright Aeronautical, was determined to start an aviation-related business of his own. His social network included Edward Deeds, another prominent Ohioan of the early aviation industry, and Frederick's brother Gordon Rentschler, both of whom were on the board of Niles Bement Pond, then one of the largest machine tool corporations in the world. Frederick Rentschler approached these men as he sought capital and assets for his new venture. Deeds and G. Rentschler persuaded the board of Niles Bement Pond that their Pratt & Whitney Machine Tool (P&WMT) subsidiary of Hartford, Connecticut, should provide the funding and location to build a new aircraft engine being developed by Rentschler, George J. Mead, and colleagues, all formerly of Wright Aeronautical. Conceived and designed by Mead, the new engine would be a large, air-cooled, radial design. Pratt & Whitney Machine Tool was going through a period of self-revision at the time to prepare itself for the post–Great War era, discontinuing old product lines and incubating new ones. The Great War had been profitable to P&WMT, but the peace brought a predictable glut to the machine tool market, as contracts with governments were canceled and the market in used, recently built tools competed against new ones. P&WMT's future growth would depend on innovation. Having idle factory space and capital available at this historical moment, to be invested wherever good return seemed available, P&WMT saw the postwar aviation industry, both military and civil (commercial, private), as one with some of the greatest growth and development prospects available anywhere for the next few decades. It lent Rentschler $250,000, the use of the Pratt & Whitney name, and space in their building. This was the beginning of the Pratt & Whitney Aircraft Company. Pratt & Whitney Aircraft's first engine, the 425 horsepower (317 kW) R-1340 Wasp, was completed on Christmas Eve 1925. On its third test run it easily passed the Navy qualification test in March 1926; by October, the Navy had ordered 200. The Wasp exhibited performance and reliability that revolutionized American aviation. The R-1340 powered the aircraft of Wiley Post, Amelia Earhart, and many other record flights.
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Wikipedia