Shares of Rolls-Royce are up 6% in London trading after the company announces a new JV with the...

|By:, SA News Editor

Shares of Rolls-Royce are up 6% in London trading after the company announces a new JV with the Pratt Whitney unit of United Technologies (UTX) to develop next generation engines for mid-size aircraft. The companies expect demand in the segment for new aircraft to move to as high as 20K over the next 20 years.