UTC Aerospace Systems, a division of
United Technologies Corp
), was recently selected by Thai Airways International to provide
wheels and carbon brakes for its new fleet of 14 Boeing 777-300ER
aircraft. The Wheels & Brakes business of UTC Aerospace
Systems, located in Troy, Ohio, will supply the equipments for
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Thai Airways International, the flagship carrier in Thailand,
provides passenger services across 71 destinations in 35
countries in the Middle East, Africa, Asia, Europe and North
America. 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.
Management is highly encouraged by its business relationships
with Thai Airways. UTC Aerospace also supplies wheels and brakes
to Thai airways for their fleets of 747-400 and 777CL aircraft.
With the prevailing competitive environment in the aviation
industry, UTC Aerospace mostly aims to cater to customer needs
for building long-term customer relationships.
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.
However, the company needs to be wary of its competitors, which
include formidable names such as
Macquarie Infrastructure Company LLC
Federal Signal Corp
United Technologies currently has a Zacks Rank #3 (Hold). One of
Tyco International Ltd
) carries a Zacks Rank #2 (Buy).