UTC Aerospace Systems, a division of
United Technologies Corp.
), recently celebrated its 25th year of business association with
Airbus pertaining to the delivery of nacelles systems for its
A320 family of single-aisle aircraft and expects the relationship
to continue in future as well.
Designed and manufactured to leverage the latest technology, the
Aerostructure business of United Technologies is expected to
directly contribute to the significant reduction in fuel burn,
emissions, noise and operating costs.
The Aerostructure business aims to provide the highest level
of support to Airbus for the A320 program. In order to support
its assembly lines, the company has also set up its facilities in
Germany and China.
In the past, the company's facilities have expanded multiple
times close to the Airbus final assembly line in Toulouse,
France. To facilitate higher production rates and optimal
quality, the main plant that supports Airbus was further expanded
The company also expects to expand its Toulouse assembly
facility for the nacelle system for the Trent XWB engine by the
end of this year. Back-to-back contact wins has been a catalyst
for the Aerostructure business.
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With the prevailing competitive environment in the aviation
industry, UTC Aerospace mostly aims at building long-term
customer relationships. UTC Aerospace Systems manufactures
a broad range of additional systems for the A320 family of
aircrafts, which includes flight control actuation systems, cabin
crew seating, air data sensors, fuel measurement and management
systems, security and surveillance systems, electric power
generation, ram air turbine emergency power system, fire
protection and many other systems.
Based in Hartford, CT, 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
United Technologies currently has a Zacks Rank #3 (Hold). One of
) carries a Zacks Rank #2 (Buy).