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Dime a Dozen?
Who says engines aren't a commodity? UTC president and CEO Karl
Krapek recently told the European Association of Aerospace Industries
that when he moved from president of air conditioning company
Carrier to head Pratt & Whitney, he transitioned from overseeing
products that sell for $3 a pound to $750 a pound. "Even
more amazing to me was that when we factored in the huge investments
in engineering (the engines) and the cost of selling the products,
we sometimes made scarcely more money on a $10 million jet engine
than we did on a $200 room air conditioner."
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