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PPG Flight Testing WinLogic System for FAA Certification

PPG Industries ' PPG WinLogic intelligent window systems is undergoing flight test for amended and supplemental type certificates from the Federal Aviation Administration ("FAA"). The patented cockpit window systems offer protection from electrical fault that may lead to the failure of the window.

WinLogic intelligent window systems have already received Technical Standard Order authorization from the FAA to TSO-C178 and European Technical Standard Order authorization from the European Aviation Safety Agency ("EASA") to ETSO-C178.

PPG Industries' WinLogic intelligent window systems have been designed with a sensor. It helps to detect major arcing and prevent the system from heating. This in turn prevents the windows from breaking. This will help the pilot to safely land the aircraft, and the window can be replaced without causing a flight delay or cancellation.

The sensing device is mounted on the window during assembly and the data stored in it can be easily downloaded by a USB port. The small size of the sensor assembly enables engineers to incorporate it into any PPG cockpit window design.

PPG Industries has outperformed the Zacks categorized Chemicals-Diversified industry over the past three months. The company's shares have moved up around 8.3% over this period, compared with roughly 4% gain recorded by the industry.

The company has a diversified business, both in terms of products offered and geographical presence. The company's strong presence in emerging regions has enabled it to deliver growth to shareholders by tapping opportunities there. PPG Industries is also taking initiatives to expand its business through acquisitions.

PPG Industries has announced certain restructuring measures to lower its cost structure globally. Special emphasis will be put on regions and end-use markets with the weakest business. The restructuring actions are expected to deliver $120-$130 million in annual savings, with $40-$50 million of savings expected to be realized in 2017.

PPG Industries is however, exposed to unfavorable currency exchange translation. The company also continues to face macroeconomic challenges. The company's operating results are also exposed to the cost of raw materials and energy.

PPG Industries, Inc. Price and Consensus

PPG Industries, Inc. Price and Consensus | PPG Industries, Inc. Quote

Zacks Rank & Key Picks

PPG Industries currently carries a Zacks Rank #3 (Hold).

Some top-ranked companies in the chemical space include BASF SE BASFY , The Chemours Company CC and Kronos Worldwide Inc KRO . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

BASF has expected long-term growth of 8.6%.

Chemours has expected long-term growth of 15.5%.

Kronos has expected long-term growth of 5%.

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PPG Industries, Inc. (PPG): Free Stock Analysis Report

BASF SE (BASFY): Free Stock Analysis Report

Kronos Worldwide Inc (KRO): Free Stock Analysis Report

Chemours Company (The) (CC): Free Stock Analysis Report

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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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