China Southern Airlines has contracted with International Aero Engines, a multinational consortium of Pratt & Whitney, Rolls-Royce, the Japanese Aero Engines Corporation and MTU Aero Engines, for the supply of V2500 engines to power a fleet of 20 Airbus A320s of the Chinese airline. The value of Pratt & Whitney’s part of the order and aftermarket agreement is approximately $132 million. Pratt & Whitney has a similar order valued at $100 million from Yemen Airways.
Pratt & Whitney is a division of United Technologies Corporation (UTX: 67.540.00 0.00%) and specializes in the manufacture of aircraft engines, industrial gas turbines and propulsion systems.
The United States Air Force has awarded Pratt & Whitney a contract, valued of up to $74 million, to provide maintenance services for F100 engines propelling F-15 and F-16 fighter aircrafts of the U.S. Air Force.
Malaysia Airlines has chosen Pratt & Whitney’s PW4170 Advantage70 engine to deploy in 17 new Airbus A330 aircraft. The agreement covers 15 passenger and two freighter aircrafts and would be valued at approximately $680 million.
Emirates Airlines has contracted to purchase $4.8 billion worth of Pratt & Whitney engines to power its new fleet of 32 Airbus A380 aircraft.
The Commercial Aviation Corporation of China Ltd. (COMAC) has chosen Hamilton Sundstrand’s Ratier-Figeac business to provide the C919 aircraft’s pilot controls, which include side sticks, rudder brake pedals, speed brake control lever and control panel.
Hamilton Sundstrand is one of the world’s largest suppliers of technologically advanced aerospace and industrial products and is a division of United Technologies Corporation.
United Technologies has strong market position in aerospace/defense and global infrastructure with a portfolio that includes: Carrier, Otis, Hamilton Sundstrand, Pratt & Whitney, Sikorsky and Fire & Security.
United Technologies will be one of the few companies that can take advantage of strategic M&A once liquidity is restored and functioning M&A markets re-emerge, which is more likely in the remainder of FY10.
The company is highly dependent on the U.S. government’s budgetary allocation for defense. Its business may also be affected by government contracting risks.
The company designs, manufactures and services products that incorporate advanced technologies. The introduction of new products and technologies involves risks, and the degree or timing of benefits may not be correctly anticipated.
Pratt & Whitney’s Global Services provides maintenance, repair and overhaul services, including the sale of spare parts, as well as fleet management services for large commercial engines. Pratt & Whitney produces families of engines for wide and narrow body aircraft in the commercial and military markets. Pratt & Whitney also sells engines for industrial applications and space propulsion systems.
United Technologies provides high technology products and services to the building systems and aerospace industries worldwide.| Analysts' Targets | |
| Sterne, Agee & Leach | $82 |
| Mkt Perform | |
| Tuesday, April 13, 2010 | |
| Jefferies & Co. | $82 |
| Accumulate | |
| Monday, March 15, 2010 | |
No comments:
Post a Comment