The European Commission closed an antitrust probe into RTX Corp.'s subsidiary, Pratt & Whitney Canada Corp. The company amended its contracts to address competition concerns.
The investigation focused on whether Pratt & Whitney unfairly restricted access for independent suppliers of spare parts and services for its turboprop aircraft engines.
Regulators stated the closure follows changes to Pratt & Whitney's contractual clauses. These changes remove potential obstacles for third-party suppliers of spare parts to access critical inputs and services.
The European Commission confirmed its concerns are addressed. It will not pursue further action. The inquiry concluded without any finding of wrongdoing or financial penalty.