Pratt and Whitney

Essay # 52146

Aviation, Aeronautics
Business > Companies
Economics > Micro

Pratt and Whitney

History, statistics, and economic outlook of the Pratt and Whitney Aircraft Company.

1,069 words () | 2 sources | MLA | 2003 United States

Paper Summary:

This paper provides an overview of the Pratt and Whitney Aircraft Company. It discusses the company's history and looks at the present market trends of the industry in line with Pratt and Whitney's performance. The economic situation of the company is analyzed, and forecasts for the future are made.

Background
Current Statistics
Economic Outlook
Conclusion
Bibliography

From the Paper:

"Frederick Brant Rentschler had a dream to build a lighter, stronger and more reliable aircraft engine. Rentschler found everything he needed to make his vision reality at the Pratt and Whitney Tool Company in Connecticut. Pratt and Whitney (P&W) had the machines, financing, facilities, and almost everything needed to produce aircraft engines. Rentschler believed that the future of aviation relied upon the manufacture of light weight but powerful engines. Engine technology was at a turning point in aviation history in 1925, when the entire industry was leaning towards the production of water-cooled engines. At that time only Rentschler seemed to realize that the future of aviation lied with light, air-cooled engines, instead of the much heavier water-cooled versions. The Pratt and Whitney Aircraft Company was contracted to build engines for the Navy shortly after the first engines were produced. The engine impressed naval officials with its unprecedented performance, speed and reliability. Since then P&W has been the major supplier of aircraft engines for the United States Military. In 1929 Rentschler left the Pratt and Whitney Company and founded the United Aircraft and Transport Corporation. Rentschler was allowed to continue using the Pratt and Whitney name. The United Aircraft and Transport Corporation is now known as United Technologies, and is the parent company of P&W."