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Originally posted by: charrison
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Despite submitting a bid nearly 20 percent lower than that of its European rivals, Pratt & Whitney appears to be on the verge of losing a $3.6 billion contract to power a new Airbus military transport, ratcheting up transatlantic tension over fair trade.
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Looks like boeing is not on equal footing in the EU market.
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It's official: Pratt Loses Massive European Contract
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Pratt & Whitney Canada Corp. has lost a massive contract to build engines for a new Airbus military transport plane, after European governments and business leaders successfully engaged in a last-minute lobbying campaign to keep the business on that continent.
In a decision described as "unfair" and "bizarre" by a Canadian aerospace lobbyist, Airbus SAS said yesterday that the contract for 900 engines will go to Europrop International, a consortium of French, German, British and Spanish aerospace firms. As recently as last week, Airbus executives had described the Pratt & Whitney bid as "much more economic" than the rival bid, because its offer was about 20 per cent cheaper that the Europrop plans. The contract is expected to be worth about $3.4-billion (U.S.).
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