Wednesday, July 21, 2010

DTN News: F-35 Engine Makers Trade Barbs At Air Show....NSI News Source Info # 801

(NSI News Source Info) FARNBOROUGH, England - July 21, 2010: Engine makers fighting over a potential $100 billion market to power the Lockheed Martin Corp (LMT.N) F-35 fighter jet traded barbs at the Farnborough Airshow in England on Tuesday, far from the halls of the U.S. Congress where the matter will be decided.
Dave Hess, president of United Technologies Corp's (UTX.N) Pratt & Whitney unit, acknowledged that his company was actively lobbying lawmakers on the issue but insisted the rival team of General Electric Co (GE.N) and Britain's Rolls Royce (RR.L) was spending "orders of magnitude" more. Jean Lydon-Rodgers, president of GE Aviation's military business and former head of the GE-Rolls engine team, said the issue was clearly an "enormous priority" for both GE and Rolls, but he rejected Pratt's criticism as "unfair" since General Electric's lobbying efforts extended to other issues.
Both teams lauded progress on their respective engines, and argued their cases forcefully.
Pratt & Whitney is trying to shore up support for its F135 engine, but some U.S. lawmakers are trying to maintain funding for an alternate engine being developed by GE and Rolls Royce in the face of a veto threat by President Barack Obama.

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