Bombardier Inc. (BDRBF), the world’s only dual manufacturer of aircraft and trains, recently used Pratt & Whitney’s PW1500G engine to power the maiden voyage of its new CSeries jet. Pratt & Whitney is one of the operating segments of diversified business conglomerate United Technologies Corp. (UTX).
Accredited by Transport Canada in February, the PW1500G engine utilizes Pratt & Whitney's Geared Turbofan architecture to power the aircraft. Leveraging indigenous technology, the engine uses an advanced gear system that facilitates the engine fan to operate at a different speed than the low-pressure compressor and turbine. In addition, micro-circuit internal cooling system enhances its durability and efficiency. Furthermore, a state-of-the-art coating technology cushions the engine's airfoils from high temperatures and harsh environments.
With 3,000 hours of ground and flight testing, the engine is likely to serve a vital role in the new Bombardier jets. Moving forward, the final assembling of the engines will be done at Pratt & Whitney Canada's Mirabel Aerospace Centre in Mirabel, Quebec.
Pratt & Whitney is among the world’s leading suppliers of aircraft engines for the commercial, military, business jet and general aviation markets. Pratt & Whitney’s Global Services provides maintenance, repair and overhaul services, including the sale of spare parts, as well as fleet management services for large commercial engines.
Based in Hartford, Conn., the parent company United Technologies provides high-end technology products and services to the building systems and aerospace industries worldwide. The company is a diversified business conglomerate serving various end markets such as aerospace, defense and commercial construction. The business diversification allows the company to remain profitable amid tough economic times.
The operations of the company are primarily classified into two principal businesses: commercial and aerospace. Under its commercial business, the company has Otis and the UTC Climate, Controls & Security division, which combined the former Carrier and UTC Fire & Security divisions. The aerospace business of the company consists of Sikorsky aircraft and the UTC Propulsion & Aerospace Systems, which includes UTC Aerospace Systems and Pratt & Whitney divisions.
United Technologies presently has a Zacks Rank #3 (Hold). Other notable companies in the industry include ITT Corporation (ITT) and Federal Signal Corp. (FSS), both carrying a Zacks Rank #2 (Buy).