Deutsche Lufthansa AG
), the German aviation company and the largest airline in Europe,
recently selected Pratt & Whitney's PW1100G-JM engines to
power 30 additional
) A320neo family aircraft. Pratt & Whitney is one of the
operating segments of diversified business conglomerate
United Technologies Corp.
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The PW1100G-JM engine is one of the greenest of its kind from the
Airbus stable with a considerable reduction in harmful emissions
and a 50% cutback in noise. Designed for maintenance with fewer
stages and lower part count, the engine also significantly
reduces aviation operating costs.
With more than 8,000 hours of testing, including over 900 hours
of flight testing, the engines are likely to serve a vital role
in the new Lufthansa jets. This is the second repeat order for
Pratt & Whitney after an initial order of 30 PW1100G-JM
engines in 2011. Pratt & Whitney will start delivering the
engines from 2019 and expects to wrap up the delivery process by
Pratt & Whitney is among the world's leading suppliers of
aircraft engines for the commercial, military, business jet and
general aviation markets. Pratt & Whitney's Global Services
provides maintenance, repair and overhaul services, including the
sale of spare parts, as well as fleet management services for
large commercial engines.
Based in Hartford, CT, the parent company 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 even in 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). Another
notable company in the industry worth reckoning include
), which currently holds a Zacks Rank #2 (Buy).