Diversified business conglomerate
United Technologies Corp.
) was recently handpicked by Canada's low-cost airline services
provider Sunwing Airlines to offer services for
The Boeing Company
) 737 fleet. UTC Aerospace Systems, an operating unit of United
Technologies, is entrusted with the job of maintenance, repair
and overhaul services for the inlets, fan cowls and small
components of the CFM56-7 engines of 24 Boeing 737-800 aircraft.
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The five-year service agreement will be undertaken by the Alabama
Service Center of UTC Aerospace Systems located in Foley, Ala.
The contract will also facilitate Sunwing Airlines to get an easy
access to the nacelle components that are the key elements of an
aircraft, thereby ensuring operational
Over the years, UTC Aerospace Systems has also been manufacturing
landing gears for several Boeing aircraft such as the Boeing
Next-Generation 737, 747, 767 and the 777. Therefore, the
contract is an extension of the long-serving business ties of
United Technologies with Boeing.
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
Federal Signal Corp.
), both carrying a Zacks Rank #2 (Buy).