PPG Industries Gets FAA Approval for Sliding Cockpit Window

PPG IndustriesPPG has been granted the Parts Manufacturer Approval (PMA) from the Federal Aviation Administration ("FAA"), allowing it to sell its enhanced-design sliding cockpit window assemblies for Airbus A320 family directly to operators as aftermarket replacements.

PPG Industries can now offer airlines the full complement of its advanced-design flight-deck windows for A320 Family (including the A319, A320 and A321) and the new NEO (new engine option) family with A319neo, A320neo and A321neo airplanes.

The approval will enable PPG Industries to enhance the design of the sliding cockpit windows further. As a result, airlines will have longer service life. Additionally, the assemblies' clamped design will allow the operators to replace only the window panel and reuse the frame giving airlines an innovative lower-cost repair option.

PPG Industries' Airbus flight-deck windows are manufactured at Huntsville, AL, facility. PPG Industries have a record of manufacturing and delivering more than 30,000 flight-deck windows for production aircraft and aftermarket applications for A320 Family aircraft.

PPG Industries has outperformed the Zacks categorized Chemicals-Diversified industry over the past three months. The company's shares have moved up around 6.4% over this period, compared with roughly 3.3% 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 better-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 8.9%.

Chemours has expected long-term growth of 15.5%.

Kronos has expected long-term growth of 5%.

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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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