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ITT Set to Display New Rotorcraft Solutions at Helitech

ITT Corporation'sITT Enidine brand is all set to display its state-of-the-art rotorcraft solutions at Europe's biggest helicopter exhibition, Helitech International, to be held during Oct 6-Oct 8 in London. The latest offerings are expected to strengthen the company's portfolio of Control technologies Segment.

Enidine's offerings will include an innovative vibration and noise minimizing system called pylon isolation system that enhances the longevity of other rotorcraft components. This apart, Enidine plans to showcase other "energy absorption" and "vibration isolation" systems, including cabin interior vibration isolators, spherical pivot bearings, multi-modulus laminated journal bearings, Elastomeric rod ends and main engine/APU isolators.

We believe ITT Corporation's latest product expansion will help strengthen its foothold in the global rotorcraft market. The company already offers a broad spectrum of motion control, energy absorption and vibration isolation products, which, being both safe and comfortable, enjoy substantial popularity in market.

Reports from Research and Markets suggest that the global helicopter market has witnessed steady growth over the last few years, with a projected CAGR of 5% for 2014-2019. Surge in demand for both civil and defense helicopters continue to drive growth in this market.

Despite ITT Corporation's long-term potential, its financials are adversely affected by strengthening of the U.S. dollar and weakness in industrial markets led by a soft global economy. Further, a decline in oil prices and exposure to upstream oil projects are adding to the concerns of this Zacks Rank #3 (Hold) stock.

Better-ranked stocks in the industry include Energous Corporation WATT , Powell Industries, Inc. POWL and Danaher Corp. DHR . All three stocks hold a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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