Pratt & Whitney Gets New President; Current Leader Takes on New Job of Chief Operating Officer

    Feb. 17, 2022
    Raytheon Technologies Corp. on Monday announced a new president of its jet engine subsidiary Pratt & Whitney as the current president takes on a newly established post of chief operating officer.

    By Stephen Singer

    Source Hartford Courant (TNS)

    Raytheon Technologies Corp. on Monday announced a new president of its jet engine subsidiary Pratt & Whitney as the current president takes on a newly established post of chief operating officer.

    Shane G. Eddy, senior vice president and chief operations officer, on March 1 will succeed Christopher T. Calio.

    Calio was appointed chief operating officer, a new position that will oversee Raytheon’s aerospace and military businesses.

    Greg Hayes, chief executive officer of Raytheon Technologies, said Calio will help advance the company’s growth initiatives as it executes its strategy that includes developing talent. He is credited with overseeing a significant ramp up and new product enhancements, including the introduction of a new version of its geared turbofan engine.

    Hayes hailed Eddy’s “significant aerospace industry leadership experience and in-depth understanding of Pratt & Whitney’s products and culture.” Eddy previously worked at GE Aviation, Sikorsky Aircraft Corp. and Bell Textron.

    Pratt & Whitney announced in December it’s launching a new version of its next-generation geared turbofan engine for Airbus, its largest commercial customer. The GTF Advantage builds on the geared turbofan engine that’s been in service for five years and pushes up fuel savings by 1%, to a 17% reduction in fuel consumption and CO2 emissions compared with earlier generation engines.

    Raytheon Technologies disclosed Friday it’s the target of a federal probe into the hiring practices at Pratt & Whitney and Collins Aerospace.

    A federal grand jury in Bridgeport in December indicted five aerospace executives and a former Pratt & Whitney employee on charges of conspiring to limit workers’ professional advancement and compensation. The six men were accused of participating in a “long-running conspiracy to restrict the hiring and recruiting of employees among their respective companies.”

    Pratt & Whitney, based in East Hartford, employs about 36,000 workers. It posted $18.2 billion in sales last year, up 8% from 2020 when commercial aviation was hit hard by COVID-19, which grounded many airline fleets.

    Stephen Singer can be reached at [email protected].

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