Canadian-based Pratt & Whitney eyeing PZL Rzeszow

Canadian-based aircraft engines manufacturer Pratt & Whitney Canada (PWC), part of United Technologies Corporation (UTC), wants to take over state-controlled Rzeszow-based aircraft manufacturer PZL Rzeszow. PWC, a world leader in the production of engines for aircrafts and helicopters and the largest importer of Polish products to Canada, says it will pay more than $60 million for the state's majority stake in PZL. Its cooperation with PZL Rzeszow started 25 years ago and in 1992 the Canadians created subsidiary Pratt & Whitney Kalisz, which currently employs around 700 workers. In 2000 the company created the joint-venture Aerotech Kalisz. PWC so far has invested $60 million in Kalisz-based companies . Next year both firms will supply Canada with aircraft engine components worth $22 million. (Rzeczpospolita, p.B2)