United Technologies' UTC Aerospace Wins Airbus Contract
UTC Aerospace Systems, a part of United Technologies Corp (UTX), has been selected by Airbus to supply new wheels and carbon brakes for A320neo family aircraft. The components, supplied through its landing systems facility in Troy, Ohio, are scheduled to commence into service in 2015.
The new wheels and brakes are designed as an enhancement to existing products and will be compatible across various neo platforms. Also, the aircraft flying with UTC Aerospace Systems’ wheels and brakes will have the advantage of longer intervals between overhauls. UTC Aerospace Systems will use proprietary DURACARB carbon heat sink material for the A320neo aircraft carbon brakes. This should foster extended brake life for the new A320neo fleet, thereby generating significant cost savings.
UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries .With stiff competitive pressures in the aviation industry, UTC Aerospace Systems aims to address customer needs and build long-term relationships with clients by continually developing innovative state-of-the-art products.
Based in Hartford, CT, its parent company United Technologies provides high-end technology products and services to the building systems and aerospace industries worldwide. This diversified business conglomerate serves various end markets such as aerospace, defense and commercial construction. The business diversification allows the company to remain profitable during tough economic times.
United Technologies currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Noble Group Ltd. (NOBGY), carrying a Zacks Rank #1 (Strong Buy), CLARCOR Inc (CLC) and Compass Diversified Holdings (CODI), both carrying a Zacks Rank #2 (Buy).
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