Pratt & Whitney, one of the operating segments of
diversified business conglomerate
United Technologies Corp.
), recently delivered the first PW4062 engine for the pioneer
KC-46 test aircraft built by
The Boeing Company
). The production of the engines is part of the KC-46 Tanker
Program, which aims to replace the U.S. Air Force's aging fleet
of KC-135 Stratotankers - the primary refueling aircraft for
nearly half a century.
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Revolutionizing the air mobility mission, the wide-bodied
multi-role KC-46 tanker has the ability to refuel all U.S.,
allied and coalition military aircraft compatible with
international aerial refueling procedures at any time on any
mission. In addition, the aircraft is adept to carry passengers,
cargo and patients, with the ability to detect, avoid, defeat and
survive threats using multiple layers of protection in
Each KC-46A aircraft will be powered by two Pratt & Whitney
PW4062 engines. Subject to the successful execution of the KC-46
Tanker Program, Pratt & Whitney is likely to produce 368
PW4062 engines for delivery between 2013 and 2027. However, the
quantum of actual production may vary over the life of the
program and will be decided by future purchase orders from U.S.
Air Force and Boeing.
Boeing is currently assembling four prototype aircraft for
initial flight tests. These aircraft will be delivered as part of
the initial order of 18 combat-ready tankers to the Air Force by
Aug 2017. The first test aircraft is expected to roll out of the
factory in Jan 2014, followed by the second in March.
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
Hutchison Whampoa Ltd.
), both carrying a Zacks Rank #2 (Buy).