UTC Aerospace Systems, a division of
United Technologies Corp
), was recently selected by Russian airline company Aeroflot to
manufacture the wheels and carbon brakes for 16 Boeing 777-300ER
Fleet aircraft. The Wheels & Brakes business of UTC Aerospace
Systems located in Troy, Ohio, will manufacture the equipments
for the aircrafts, the first of which is scheduled for delivery
in Jan 2013.
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As the flagship airline of Russia, Aeroflot provides domestic and
international passenger services encircling 116 cities in 52
countries, focusing primarily on ecological balance in its
operational areas. It is also the General Partner for the Sochi
2014 Winter Olympic Games.
UTC Aerospace Systems will use proprietary DURACARB carbon heat
sink material for the 777-300ER carbon brakes. The strategic
partnership should foster superior customer focus and extended
brake life for the new 777-300ER fleet, with a 35% brake life
advantage over its competitive products, thereby generating
significant cost savings. Recently, in the fourth quarter of
2012, UTC Aerospace systems sales surged 60% year over year to
$3174 million on the back of accretive acquisition.
Based in Hartford, Connecticut, 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.
However, the company needs to be wary of its competitors, which
include formidable names such as
Federal Signal Corp
United Technologies currently has a Zacks Rank #3 (Hold). One of
Tyco International Ltd
) carries a Zacks Rank #1 (Strong Buy).