Pratt & Whitney, a division of
United Technologies Corp
), recently signed a PureSolution Fleet Management Program
). The 16-year agreement will support the PW1217G engines
installed in SkyWest fleet of 100 MRJ90 Mitsubishi Regional Jets
and includes an option for an additional 100 MRJ90 Mitsubishi
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The PureSolution Fleet Management Program will offer maintenance,
repair and overhaul (MRO) services and expertise from PurePower
engine's original equiment manufacturers (OEMs). The program
offers customized MRO services while ensuring minimum deviation
from estimated maintenance costs. Apart from this, Pratt &
Whitney's in-depth knowledge and experience will help in
maximizing the PurePower engine's longevity as well as its
performance in the long run.
Headquartered in St. George, Utah, SkyWest is the holding company
for an aircraft leasing company and two scheduled passenger
airline operations - SkyWest Airlines, Inc. and ExpressJet
Airlines, Inc. It has a combined fleet of approximately 758
aircrafts. Under this deal, each MRJ90 will be powered by two
PurePower PW1217G engines with deliveries expected in early 2017.
United Technologies provides high-end technology products and
services to the building systems and aerospace industries
worldwide. The company's growth is driven by strategic
acquisitions and internal development of existing businesses.
Pratt & Whitney is among the world's leading suppliers of
aircraft engines for the commercial, military, business jet and
general aviation markets. In the last reported quarter, Pratt
& Whitney's revenues increased 11.5% year over year.
United Technologies currently has a Zacks Rank #3 (Hold). Other
stocks that look promising and are worth a look now in the
Macquarie Infrastructure Company LLC
Honeywell International Inc (
), each carrying a Zacks Rank #2 (Buy).