Diversified business conglomerate
United Technologies Corp.
) recently inked a service contract with French military
helicopter training company HeliDax SAS for an undisclosed
amount. The contract entails UTC Aerospace Systems, an operating
unit of United Technologies, to provide aftermarket services for
HeliDax' helicopters that boasts the largest single-engine EC120
worldwide fleet currently in operation.
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In Jan 2008, HeliDax had received a 22-year contract from the
French Military of Defense for training military pilots to
operate sophisticated helicopters. Under the terms of the
contract, HeliDax' training schedule includes a maximum of 22,000
flying hours per year on its fleet of 36 EC120 helicopters
These helicopters are equipped with special training equipment
such as auto pilot, glass cockpit systems and full night vision
imaging systems (NVIS) to simulate war or rescue missions to
better train pilots to effectively handle such situations. UTC
Aerospace will work in unison with HeliDax to provide an
operational support to such helicopter training.
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.
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). Other
notable companies in the industry include
China Merchants Holdings (International) Company
Federal Signal Corp.
), carrying a Zacks Rank #2 (Buy).