Finance

HARTFORD, CT: Aircraft engine maker Pratt & Whitney proudly predicts it will double its revenues this decade from $12 billion in 2010 to $24 billion in 2020 — but the company admits it will have to get through some lean years first. On both the commercial and military sides, key Pratt & Whitney programs are going away, and new engines using new technology for new aircraft are coming online, but there’s a gap before they pick up, a gap that slow economic growth and downsizing defense budgets threaten to lengthen. The single most critical factor: whether the troubled F-35 Joint Strike Fighter materializes more or less on time. Keep reading →