3M Aerospace, part of
3M Company
(
MMM
), meets the problem of substructure erosion in aircraft areas,
like lavatories, galleys and doorways, which are frequently exposed
to moisture through introduction of 3M™ Polyurethane Protective
Tapes. These tapes cover the floor panel joints and the larger
areas are protected from moisture by these wide-area tapes.
With the constant erosion, the floor panels and beams in the
substructure are required to be replaced. These replacements costs
about $30,000 to $100,000 per aircraft, as such protection is very
essential.
The 3M™ Polyurethane Protective Tapes resists the spread of fire
and have long service life. The tapes are used for seam sealing,
wide wet area protection and beam protection and can be easily and
quickly installed. It also meets the new policy of the FAA.
3M is globally recognized for its innovations, which are
supported by some of its well-known brands, such as Nexcare,
Post-it, Scotch, Scotch-Brite, and Scotchgard. We believe that
continued capital expenditure with new product launches should
bolster its prospects across most end markets.
However, the company's growth objectives are largely dependent
on timing and market acceptance of its new product offerings,
including its ability to continually renew its pipeline of new
offerings and bring those to the market at acceptable price points.
Further, the results have been impacted by worldwide economic and
capital market conditions.
3M Company, together with its subsidiaries, operates as a
diversified technology company with manufacturing operations spread
over 60 countries worldwide. It has more than 35 business units
organized into six segments: Consumer and Office, Display and
Graphics, Electro and Communications, Healthcare, Industrial and
Transportation, and Safety, Security and Protection Services
Business. The major competitors of 3M are
Avery Dennison Corporation
(
AVY
),
EI DuPont de Nemours & Co.
(
DD
) and
Johnson & Johnson
(
JNJ
).
We continue to maintain a Neutral rating on 3M Company for the
long term and a Zacks #4 Rank (Sell recommendation) over the next
one- to- three months.
AVERY DENNISON (
AVY
): Free Stock Analysis Report
DU PONT (
EI
) DE (
DD
): Free Stock Analysis Report
JOHNSON & JOHNS (
JNJ
): Free Stock Analysis Report
3M CO (
MMM
): Free Stock Analysis Report
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