Pratt & Whitney, a division of
United technologies Inc
), recently completed the second phase of an assembly-floor
transformation project at its Middletown, Conn. facility. The
facility is aimed to fully utilise its existing factory space to
produce hundreds of V2500 engines annually and also to ramp up
production of its engine lines for the F135 and PW1100G-JM engine
The V2500 turbofan engines are known for its reliability and fuel
efficiency as well as for its higher environmental performance
for both noise and emissions. The increase in production of these
engines is likely to augment the company's revenues. Apart from
this, Pratt & Whitney's in-depth knowledge and experience
will help in maximizing the engine's longevity as well as its
performance in the long run.
The Connecticut operations continue to be an important part of
Pratt & Whitney's investment plan. The company intends to
invest hundreds of millions of dollars to increase production for
its next generation product family and it includes significant
investments in its Connecticut facilities.
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 5.1% year over.
United Technologies currently has a Zacks Rank #3 (Hold).
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), having a Zacks Rank #1 (Strong Buy), and
LSB Industries Inc
), both having a Zacks Rank #2 (Buy).
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