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Brazil's Embraer (ERJ -5.8%) selects United Technology's (UTX -1.2%) Pratt & Whitney geared...

Brazil's Embraer (ERJ -5.8%) selects United Technology's (UTX -1.2%) Pratt & Whitney geared turbofan engine to update its regional E-Jet line, displacing incumbent GE Aviation (GE -1.2%), who has delivered more than 2K engines on ERJ's current family of regional jets. Rolls Royce (RYCEY.PK -0.6%) had also been competing for the contract as well.
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