United Tech rules out new widebody engine

Greg Hayes, chief executive officer of United Technologies, has ruled out the company building a new widebody engine  because of the lack of a convincing financial case for it. Even though technically, Hayes said the company coulddo so, he stated that it is “not going to do a widebody engine anytime soon, unless we can figure out a way to make the economics a helluva lot better than what they are.” “We could afford an investment in widebody,” Hayes said. “I think the drag on earnings would be significant for a number of years.” “We’re not going to re-engine on