RTX To Help Develop Hybrid-Electric Propulsion For Airbus PioneerLab, Aiming For 30% Fuel Efficiency Improvement
Portfolio Pulse from Benzinga Newsdesk
RTX's Pratt & Whitney Canada and Collins Aerospace have been chosen by Airbus Helicopters to develop a hybrid-electric propulsion system for the PioneerLab technology demonstrator, aiming for a 30% improvement in fuel efficiency. Test flights are expected to begin in 2027.
July 22, 2024 | 6:28 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
RTX's subsidiaries, Pratt & Whitney Canada and Collins Aerospace, have been selected by Airbus Helicopters to develop a hybrid-electric propulsion system for the PioneerLab technology demonstrator, aiming for a 30% improvement in fuel efficiency. This partnership could enhance RTX's reputation in sustainable aviation and potentially lead to increased revenue from new technology developments.
The partnership with Airbus Helicopters to develop a hybrid-electric propulsion system positions RTX as a key player in sustainable aviation technology. The potential 30% improvement in fuel efficiency and reduced CO2 emissions could attract more business and partnerships, positively impacting RTX's revenue and market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100