United Technologies Arm Wins U.S. Air Force's $437M Contract
Recently, United Technologies Corporation UTX won a $437-million contract modification from the U.S. Air Force Life Cycle Management Center. Per the deal, the company’s Pratt & Whitney business arm will provide its state-of-the-art solutions to reduce adaptive propulsion risks in air-control applications.
Inside the Headlines
United Technologies’ Pratt & Whitney business is a global leader in designing, manufacturing, and servicing helicopter and aircraft engines. The business also provides similar services for auxiliary power units.
Per the aforementioned deal, Pratt & Whitney will offer its innovative adaptive propulsion technologies to the U.S. Air Force. This will include power and thermal management systems, as well as control systems that will assist in improving the persistence, survivability, range, and maintenance capabilities in advanced weapon systems.
Along with the fifth-generation adaptive propulsion risks engine technologies, Pratt & Whitney is conducting several test and design activities under its Adaptive Engine Transition Program. Innovative solutions developed from these efforts will likely suffice the future mission requisites of air superiority applications of the U.S. Air force.
Pratt & Whitney and the U.S. Air Force constantly make efforts to develop adaptive engine technologies, in order to enhance efficiency of next-generation war-fighter aircraft. Adaptive propulsion technologies help in improving fuel efficiency and thrust of combat aircraft. Additionally, these solutions boost the mission systems and heat dissipation capacity in the air vehicle leve
Over the past three months, United Technologies’ shares have rallied 4.6%, outperforming 0.5% growth recorded by the industry it belongs to.
Stocks to Consider
Some better-ranked stocks in the same space are listed below:
Federal Signal Corporation FSS sports a Zacks Rank #1 (Strong Buy). The company pulled off an average positive earnings surprise of 22.48% over the last four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carlisle Companies Incorporated CSL holds a Zacks Rank of 2 (Buy). The company delivered an average positive earnings surprise of 12.85% over the trailing four quarters.
Crane Company CR also carries a Zacks Rank of 2. The company generated an average positive earnings surprise of 3.03% during the same time frame.
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Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report
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