), the world's only dual manufacturer of aircraft and trains,
recently used Pratt & Whitney's PW1500G engine to power the
maiden voyage of its new CSeries jet. Pratt & Whitney is one
of the operating segments of diversified business conglomerate
United Technologies Corp.
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Accredited by Transport Canada in February, the PW1500G engine
utilizes Pratt & Whitney's Geared Turbofan architecture to
power the aircraft. Leveraging indigenous technology, the engine
uses an advanced gear system that facilitates the engine fan to
operate at a different speed than the low-pressure compressor and
turbine. In addition, micro-circuit internal cooling system
enhances its durability and efficiency. Furthermore, a
state-of-the-art coating technology cushions the engine's
airfoils from high temperatures and harsh environments.
With 3,000 hours of ground and flight testing, the engine is
likely to serve a vital role in the new Bombardier jets. Moving
forward, the final assembling of the engines will be done at
Pratt & Whitney Canada's Mirabel Aerospace Centre in Mirabel,
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
Federal Signal Corp.
), both carrying a Zacks Rank #2 (Buy).