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New facility will drive collaboration on aircraft propulsion technology research and development across industry and academia 

HOUTEN, Netherlands, Nov. 13, 2025 /PRNewswire/ — Pratt & Whitney, an RTX (NYSE:RTX) business, has formally opened its European Technology and Innovation Center (ETIC), a new facility dedicated to researching advanced propulsion technologies for enabling greater energy efficiency and performance in future commercial aircraft. ETIC enhances Pratt & Whitney’s capability to collaborate with industry and academia in the Netherlands and across Europe, targeting a range of high-impact technologies including advanced gas turbine systems, hybrid-electric and hydrogen propulsion.

“As an independent innovation center dedicated to cutting edge technology research, ETIC is a first-of-a-kind facility for Pratt & Whitney in Europe, complementing our existing engineering centers in North America, Poland, and across the globe,” said Michael Thacker, senior vice president, Engineering and Technology, Pratt & Whitney. “We see significant potential to grow our activities in the Netherlands, given its strong engineering talent pool and long history of aerospace technology innovation, as well as the exceptional opportunities for collaboration between industry, academia and government agencies.”

ETIC is co-located at Collins Aerospace’s existing European Innovation Hub in Houten, Netherlands, and adds to RTX’s longstanding engagement with the Dutch aerospace industry. It follows recent initiatives including RTX’s two memoranda of understanding with the Netherlands Aerospace Group and the signing of a master research agreement with Delft University of Technology (TU Delft), which have established a framework for collaboration on technology research across a wide range of topics. Pratt & Whitney has also secured a dedicated office space at TU Delft’s Aerospace Innovation Hub, further enhancing opportunities to collaborate in the province of South Holland.

“We are thrilled to take this next step in our collaboration with Pratt & Whitney. Working directly with their new team in Houten will strengthen our partnership, and their dedicated office space at the Aerospace Innovation Hub@TUD on the TU Delft Campus will give them seamless access to our innovation ecosystem,” said Professor Henri Werij, Dean of the Faculty of Aerospace Engineering, TU Delft. “Close collaboration with leading aerospace companies is crucial for developing technologies required to enable a sustainable future of aviation — and to shape the talent that will drive our industry forward.”

“I am pleased to see the realization of initiatives like Pratt & Whitney’s European Technology and Innovation Center in the Netherlands,” said Tjerk Opmeer, deputy director-general for business and innovation, Ministry of Economic Affairs of the Netherlands. “This center has the possibility to enhance our shared vision for accelerating sustainable aviation through innovation and international collaboration. We are committed to support these transformative efforts.”

Of RTX’s 21,000 staff across 65 locations in Europe, some 300 are based in the Netherlands, primarily at three existing Collins Aerospace sites including Houten. Pratt & Whitney already employs more than 7,000 staff in Europe, the majority at key engineering, manufacturing and maintenance facilities in Poland.

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
RTX is the world’s largest aerospace and defense company. With more than 185,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems for operational success, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2024 sales of more than $80 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected].

SOURCE RTX

NEW YORK, Nov 13 (Reuters) – InPlay Global, a new platform that allows investors to trade securities tied to the performance of sports teams, signed a partnership on Wednesday with exchange operator MEMX ahead of the launch of its trading venue next year.

The tie-up comes at a time when sports betting is booming in the U.S., bolstered by a friendlier regulatory regime under the Trump administration. Upstart trading platforms like Polymarket and Kalshi, which offer event contracts, are disrupting the sports betting business that has been dominated by gambling companies.

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The growth of these prediction-market startups has triggered a backlash from the gambling industry, with some U.S. state regulators arguing that event contracts run afoul of rules on sports gambling.

As part of the partnership with InPlay, MEMX will provide its market technology and trading infrastructure for the Miami-based firm’s planned alternative trading system (ATS), executives at the companies told Reuters. InPlay’s application for the launch of its trading venue is currently awaiting approval from the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority.

“MEMX has already built many exchanges, and they also have been contracted by a few to build ATSs. So we’re very confident in MEMX’s ability to do this for us. They’re going to be building out all of our infrastructure for us – our matching engine, gateways, market data, and network management will all be warehoused under MEMX resources,” said Troy Kane, president and COO at InPlay.

InPlay was founded in 2023 by Edwin Johnson, a former trader at the Chicago Board of Trade. The company is developing a new class of financial instruments called “performance securities,” which are structured like exchange-traded funds or index funds, and track the performance of college and professional teams across various sports through an entire season. The securities do not represent equity ownership in any team and have no affiliation with sports leagues.

Founded in 2019, MEMX operates two exchanges – MEMX Equities and MEMX Options – and is planning to launch a second options exchange next year. Over the past two years, MEMX has helped build exchanges and alternate trading systems for customers including 24X Exchange and Blue Ocean Technology.

“It’s pretty exciting to see someone try to bring something new to the market, from an asset class perspective. We like the fact that it’s a securities-based product, and so we’re excited to be able to work with the InPlay team to help them get this off the ground,” said MEMX CEO Jonathan Kellner.

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