EXCLUSIVE Canada to back Pratt & Whitney turboprop hybrid engine technology -sources [Reuters]
Carrier Global Corporation (CARR)
Company Research
Source: Reuters
the country eyes a broader role in developing new technologies to lower emissions from aviation, two people with knowledge of the matter told Reuters. The unspecified "co-investment" toward a demonstration flight of the hybrid engine for regional turboprops is part of a wider announcement for aerospace expected on Thursday, they said. It would be Canada's latest support for the local branch of the U.S. engine maker, a division of Raytheon Technologies Corp (RTX.N) Pratt & Whitney, which dominates the turboprop market, has been working toward a flight demonstration of an integrated hybrid engine. Testing is to be performed on a De Havilland Canada Dash-8 100 turboprop. Pratt, De Havilland Aircraft of Canada Ltd, and a spokesman for Innovation Minister François-Philippe Champagne declined comment. Sources declined to be identified as the information is not public. Justin Trudeau's Liberal government in April outlined C$1.75 billion ($1.41 billion) for aerospace, while boosting
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CARR
Earnings
- 2/6/24 - Beat
CARR
Sec Filings
- 4/19/24 - Form 8-K/A
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- CARR's page on the SEC website