General Electric hopes acquisition boosts its position against Pratt

07/3/2008 | Wall Street Journal, The

General Electric hopes its acquisition of Walter Engines, a small airplane-engine company in the Czech Republic, improves its competitive position against Pratt & Whitney. GE plans to invest in Walter and make the business competitive with Pratt & Whitney. A Pratt & Whitney spokesman said the company takes competition seriously but noted that it has a 45-year history producing small engines.

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