GKN signs revenue-sharing deal with P&W for PW1900 GTF

UK-based aerostructures and components company GKN Aerospace has finalized a risk-and-revenue-sharing partnership (RRSP) with Pratt & Whitney over the engine manufacturer’s PurePower PW1900 Geared Turbofan (GTF) engine. The agreement, which could be worth up to $2.5 billion over the life of the programme, covers the supply of key components for the engine, which will power the Embraer 190 and 195-E2 regional jets. As part of the agreement, GKN Aerospace will take a 7% share in the engine programme. Under the RRSP, GKN Aerospace Engine Systems will take on design and manufacturing responsibility for the turbine exhaust case and intermediate compressor