UTC Aerospace Systems, a unit of
United Technologies Corporation
), obtained an aftermarket contract worth $70 million from the
U.S. Navy. The contract involves Constant Frequency Generator
(CFG) repairs and retrofits and delivery of upgraded spares for
the U.S. Navy's V-22 program.
The V-22's design incorporates mature technology deployed in
XV-15 tiltrotor demonstrators, V-22 Full Scale Development (FSD)
models and V-22 Engineering and Manufacturing Development (EMD)
models. V 22 is primarily an American multi-mission, tiltrotor
aircraft with both a vertical takeoff and landing (VTOL) and
short takeoff and landing (STOL) capability. It is specially
designed to combine the functionality of a conventional
helicopter with the long-range, high-speed cruise performance of
a turboprop aircraft
United Technologies is the exclusive provider of CFG
application for the V-22 program. This upgrade program is a
result of the long-standing collaboration between NAVAIR,
), Bell, NAVSUP Weapon Systems Support and UTC Aerospace Systems.
The upgrade program is expected to enhance the product and
deliver a higher ROI for the Naval Supply Systems Command
The V-22 CFG is a combination of three products, namely,
Constant Speed Drive, Generator and Generator Control Unit. V-22
is currently used by both the U.S. Navy/Marine Corps team and the
U.S. Air Force. This upgrade will further improve the reliability
of CFG and also improve the overall operational readiness of the
As per the initial contract signed by the two companies
earlier in September 2011, UTC Aerospace Systems supplied kits to
NAVSUP Weapon Systems Support Philadelphia for a period of 20
months in support of the V-22 CFG Loss of Lube retrofit.
UTC Aerospace Systems is one of the world's largest suppliers
of technologically advanced aerospace and defense products. They
design, manufacture and service systems and components.
Additionally, they also provide integrated solutions for
commercial, regional, business and military aircraft, helicopters
and other platforms.
United Technologies prime competitor GE Aviation, a unit of
), recently won an award from the U.S. Naval Supply Systems
Command Weapon Systems Support, Philadelphia. The contract
primarily involved repairs, replacement and program support for
35 F404 engine (F/A 18 A-D) aircraft components.
United Technologies Corporation, based in Hartford, CT, is a
diversified company that provides a broad range of
high-technology products and services to the global aerospace and
building systems industries. United Technologies Corporation
currently carries a Zacks #3 Rank, which implies a short-term
Hold rating on the stock.
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