Credit: United Technologies Corporation 's UTX business arm, Pratt & Whitney, recently declared that its F119 engine has exceeded 500,000 engine flight hours. The achievement not only highlights the company's expertise over fifth-generation engine technology, but also reflects its commitment toward the U.S. Air Force.
Over the last three months, shares of this Zacks Rank #3 (Hold) stock yielded a return of 8.59%, outperforming 3.60% growth recorded by the Zacks categorized Diversified Operations industry.
Inside the Headlines
Pratt & Whitney's F119 engine runs the Lockheed Martin's LMT F-22 Raptor - a fighter aircraft of the United States Air Force (USAF). The operational capability and maneuverability of the F-22 Raptor has become non-imitable on the back of the two F119 engines. The engine includes a perfect blend of stealth technologies, and comprises an exclusive thrust-vectoring nozzle, that permits unprecedented agility, speed, precision and situational awareness. All such features of this high-tech engine make F-22 Raptor an extraordinary fighter aircraft.
The core components of Pratt & Whitney's F119 engine are similar to that of the F135 - the unique engine powering the fifth-generation F-35 Lightning II aircraft.
Almost 200 F119 engines currently power the F-22 Raptors of the USAF. The engine was first delivered in Jan 2013 and the company anticipates it to power the F-22 Raptor for another 30-40 years, since delivery.
Key Picks
Two better-ranked stocks in the industry are listed below:
Federal Signal Corporation FSS has an average positive earnings surprise of 3.10% for the trailing four quarters and carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
ABB Ltd ABB has an average positive earnings surprise of 15.06% for the last four quarters and currently carries a Zacks Rank #2.
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Lockheed Martin Corporation (LMT): Free Stock Analysis Report
United Technologies Corporation (UTX): Free Stock Analysis Report
Federal Signal Corporation (FSS): Free Stock Analysis Report
ABB Ltd (ABB): 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.
