Diversified business conglomerate
United Technologies Corp.
) was recently selected by Russian flagship airline service
provider Aeroflot to manufacture some components for its upcoming
The Boeing Company
) 737-800 Next Generation aircraft.
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UTC Aerospace Systems, an operating unit of United Technologies,
is entrusted with the job of manufacturing wheels and carbon
brakes for Aeroflot. The components will be supplied through UTC
Aerospace Systems' Wheels & Brakes business in Troy, Ohio.
The first aircraft delivery is scheduled to commence from Sep
Carbon brakes manufactured by UTC Aerospace Systems use
proprietary DURACARB carbon heat sink material for superior brake
performance and increased life expectancy. In addition to
increasing brake life by about 35%, these brakes reduce total
weight of aircraft by approximately 318 kg (700 pounds) compared
to steel brakes. Consequently, the new components are likely to
reduce Aeroflot's cost of ownership for Boeing's Next Generation
Based in Hartford, Conn., 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).