Cut price bid wins aero engine order

A European aerospace consortium which includes Rolls Royce slashed its bid to supply engines for a new Airbus military transport after being undercut by a Canadian manufacturer, it was reported today.

The Toronto Globe and Mail said Pratt & Whitney Canada lost the contract, worth more than £2bn (€2.8bn), after European governments and business leaders successfully engaged in a last-minute lobbying campaign to keep the business.