The recent growth in US natural gas production, growing power needs in emerging markets and strong momentum behind sustainability measures represent strong tailwinds for Pratt & Whitney’s Power Systems Division, but challenges remain.
The power systems division accounted for a relatively small share – roughly 5% – of Pratt & Whitney’s total $12.7 billion in 2011 sales. But at a recent press briefing in the company’s headquarters of Hartford, Connecticut, President Dave Hess told reporters the power system division has experienced five years of steady growth. The company expects revenue generated by the Power systems division to increase by about 23% year-on-year in 2012. Keep reading →